2 Bed Flat, Single Let, Bognor Regis, PO22 8FG, £210,000

Cosens Way, Felpham, Bognor Regis, PO22 8FG - 2 months ago

Leasehold
BTL
ROI: 2%
~55 m²
+7 photos

ValuationOvervalued

Sold Prices£124K - £370K
Sold Prices/m²£2.6K/m² - £4.5K/m²

 

 

Square Metres

~54.70 m²
Price/m²£3.8K/m²

Value Estimate

£200,945

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£11,700

Total Cash In

£64,200

 

 

Cash Out

 

Rent Range

£875 - £1,600

Rent Estimate

£950

Running Costs/mo

£866

Cashflow/mo

£84

Cashflow/yr

£1,005

ROI

2%

Gross Yield

5%

Local Sold Prices

21 sold prices from £124K to £370K, average is £197K. £2.6K/m² to £4.5K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£265K12/200.3 mi8, Leopold Close, Bognor Regis, West Sussex PO22 8JJ2
£250K02/230.38 mi6, Lionel Avenue, Bognor Regis, West Sussex PO22 8LF2
£188K11/200.39 miFlat 4, Norwood Court, Northwyke Close, Bognor Regis, West Sussex PO22 8QP2
£169.9K12/230.41 mi5, Northwyke Close, Bognor Regis, West Sussex PO22 8QH2
£280K06/210.62 mi1, Manor Copse, Bognor Regis, West Sussex PO22 7AT2
£262K05/210.62 mi6, Manor Copse, Bognor Regis, West Sussex PO22 7AT2
£325K06/210.62 miFlat 14, Summerley Point, Summerley Lane, Bognor Regis, West Sussex PO22 7BG2
£345K02/240.62 miSummerley Point, Flat 14, Summerley Lane, Felpham, Bognor Regis, West Sussex PO22 7BG2
£315K09/220.62 miFlat 10, Summerley Point, Summerley Lane, Felpham, Bognor Regis, West Sussex PO22 7BG2
£370K06/230.67 miFlat 5, Athrington Court, First Avenue, Felpham, Bognor Regis, West Sussex PO22 7LB2
£290K05/230.73 mi39, Old Rectory Gardens, Bognor Regis, West Sussex PO22 7ER2
£255K12/200.73 mi57, Old Rectory Gardens, Bognor Regis, West Sussex PO22 7ER2
£197K05/210.74 mi75a, Felpham Road, Bognor Regis, West Sussex PO22 7PA2
£166K09/220.82 miFlat 12, Gateway Lodge, Felpham Road, Bognor Regis, West Sussex PO22 7NS2
£184.5K10/220.82 miFlat 36, Gateway Lodge, Felpham Road, Bognor Regis, West Sussex PO22 7NS2
£153.5K02/240.82 miGateway Lodge, Flat 21, Felpham Road, Bognor Regis, West Sussex PO22 7NS2
£152.5K05/210.82 miFlat 33, Gateway Lodge, Felpham Road, Bognor Regis, West Sussex PO22 7NS2
£175K05/210.82 miFlat 5, Gateway Lodge, Felpham Road, Bognor Regis, West Sussex PO22 7NS2
£172.5K07/230.82 miFlat 47, Gateway Lodge, Felpham Road, Bognor Regis, West Sussex PO22 7NS2
£175K07/230.82 miFlat 33, Gateway Lodge, Felpham Road, Bognor Regis, West Sussex PO22 7NS2
£124K05/230.96 mi15, Satinwood Close, Bognor Regis, West Sussex PO22 6SB2

Local Rents

15 rents from £875/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,30009/240.07 miFelpham2
£1,30007/240.14 miStanhorn Grove, Felpham2
£1,20006/240.15 miSanctuary Gardens, Felpham, Bognor Regis2
£1,20006/240.17 miFelpham2
£95007/240.19 miOuterwyke Road, Felpham2
£1,60005/240.19 mi-2
£95006/240.21 miOuterwyke Road Felpham Bognor Regis West Sussex2
£1,40007/240.35 miWroxham Way, Felpham, Bognor Regis2
£1,20009/240.35 miSloe Gardens, Felpham2
£1,40007/240.4 miGlynde Crescent, Bognor Regis, West Sussex, PO222
£1,10007/240.41 miNorthwyke Close, Bognor Regis2
£1,10007/240.41 miNorthwyke Close, Bognor Regis2
£87506/240.42 miFelpham Way, Felpham2
£1,15007/240.54 miFittleworth Drive, BOGNOR REGIS2
£1,10008/240.61 miManor Copse, Felpham2

Local Area Statistics

Population in PO22

28,866

Population in Bognor Regis

68,380

Town centre distance

1.48 miles away

Nearest school

0.50 miles away

Nearest train station

1.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £210,000

February 16, 2025

Listed for £230,000

January 30, 2025

Floor Plans

Description

  • ALLOCATED PARKING +

  • CLOSE TO LOCAL AMENATIES +

  • POPULAR LOCATION +

  • EPC C +

  • IDEAL FIRST TIME BUY +

SUMMARY
2 BEDROOM FIRST FLOOR APARTMENT LOCATED IN FELPHAM * GAS CENTRAL HEATING * DOUBLE GLAZING *** ALLOCATED PARKING

DESCRIPTION
Located in Felpham, close to the Golf Course and within easy reach of local amenities. This well presented two bedroom first floor apartment has the benefit of allocated parking, gas central heating and double glazing.
The accommodation comprises a spacious lounge/diner, a modern fitted kitchen and contemporary bathroom,

Agents Note
This property has an offer accepted subject to contract but is still currently available to view.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Fox & Sons, Bognor Regis

01243 973058

Next Steps?

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