2 Bed Flat, Single Let, Bognor Regis, PO21 3QD, £180,000

Pagham Road, Bognor Regis, PO21 3QD - a month ago

Leasehold
BTL
ROI: 5%
~54 m²
+8 photos

ValuationOvervalued

Sold Prices£110K - £425K
Sold Prices/m²£1.7K/m² - £4.7K/m²

 

 

Square Metres

~53.50 m²
Price/m²£3.4K/m²

Value Estimate

£165,152

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Rent Range

£965 - £1,950

Rent Estimate

£1,023

Running Costs/mo

£787

Cashflow/mo

£236

Cashflow/yr

£2,831

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £110K to £425K, average is £203.5K. £1.7K/m² to £4.7K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£330K11/200.26 mi28, Cardinals Drive, Bognor Regis, West Sussex PO21 4QF2
£300K12/200.5 mi119, Harbour View Road, Bognor Regis, West Sussex PO21 4RJ2
£225K02/230.55 mi23, St Thomas Court, Bognor Regis, West Sussex PO21 4RL2
£210K05/230.57 mi2, Micklam Close, Bognor Regis, West Sussex PO21 4JR2
£191K03/210.57 mi2, Bucknor Close, Bognor Regis, West Sussex PO21 4JS2
£189K03/210.62 mi94, Elbridge Crescent, Bognor Regis, West Sussex PO21 4JT2
£230K07/230.62 mi94, Elbridge Crescent, Bognor Regis, West Sussex PO21 4JT2
£180K09/230.62 mi84, Elbridge Crescent, Bognor Regis, West Sussex PO21 4JT2
£215K12/220.64 mi13b, Greynville Close, Bognor Regis, West Sussex PO21 3LU2
£395K12/200.67 mi3, Hunters Close, Bognor Regis, West Sussex PO21 4HR2
£225K09/230.78 mi75, Osborne Way, Bognor Regis, West Sussex PO21 3FE2
£350K12/201.14 mi8, Cherry Close, Bognor Regis, West Sussex PO21 3BA2
£425K06/211.29 mi5, Wells Crescent, Bognor Regis, West Sussex PO21 3RP2
£190K10/231.36 miFlat 3, Ravenwood Court, Aldwick Street, Bognor Regis, West Sussex PO21 3AW2
£175K10/231.36 miFlat 8, Ravenwood Court, Aldwick Street, Bognor Regis, West Sussex PO21 3AW2
£218K10/211.58 miFlat 12, Trotyn Croft, Aldwick Felds, Bognor Regis, West Sussex PO21 3TX2
£160K06/211.74 miFlat 24, Gilwynes Court, Gilwynes, Bognor Regis, West Sussex PO21 3SQ2
£210K02/232.03 miFlat 3, Red Ridges, Kings Parade, Bognor Regis, West Sussex PO21 2TS2
£190K11/202.04 miFlat 1, Clarehaven Court, Wessex Avenue, Bognor Regis, West Sussex PO21 2QW2
£235K06/212.05 mi121, Aldwick Road, Bognor Regis, West Sussex PO21 2NY2
£182K05/232.07 mi42, Kyoto Court, Bognor Regis, West Sussex PO21 2UL2
£140K03/212.07 mi66, Kyoto Court, Bognor Regis, West Sussex PO21 2UL2
£120K04/212.07 mi10, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ2
£280K12/222.07 miFlat 38, Marine Park, Nyewood Lane, Bognor Regis, West Sussex PO21 2QN2
£215K04/212.07 miFlat 11, Marine Park, Nyewood Lane, Bognor Regis, West Sussex PO21 2QN2
£255K06/232.08 miFlat 14, Woldhurst Court, Runcton Lane, Runcton, Chichester, West Sussex PO20 1AD2
£255K10/202.08 miFlat 15, Woldhurst Court, Runcton Lane, Runcton, Chichester, West Sussex PO20 1AD2
£255K03/212.08 miFlat 2, Woldhurst Court, Runcton Lane, Runcton, Chichester, West Sussex PO20 1AD2
£270K11/222.08 miFlat 6, Woldhurst Court, Runcton Lane, Runcton, Chichester, West Sussex PO20 1AD2
£162K09/232.15 mi6a, Waverley Road, Bognor Regis, West Sussex PO21 5NB2
£365K06/232.16 mi6, Burngreave Court, Bognor Regis, West Sussex PO21 2TZ2
£210K09/212.16 mi100, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ2
£110K06/232.16 mi10, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ2
£205K08/232.19 miFlat 8, Harrington House, Nyewood Lane, Bognor Regis, West Sussex PO21 2UG2
£180K03/212.23 miFlat 4, Barklye House, Sylvan Way, Bognor Regis, West Sussex PO21 2RS2
£202K11/202.25 mi8, New Barn Lane, North Bersted, Bognor Regis, West Sussex PO21 5DB2
£184K11/202.26 miFlat 8, Elizabeth Court, Park Terrace, Bognor Regis, West Sussex PO21 2NH2
£190K11/202.26 mi26, Braemar Way, Bognor Regis, West Sussex PO21 5DP2
£182K06/212.26 mi29, Braemar Way, Bognor Regis, West Sussex PO21 5DP2
£170K02/212.33 miFlat 12, Courtfield House, Hambledon Place, Bognor Regis, West Sussex PO21 2NF2
£180K12/212.35 mi68, Rock Gardens, Bognor Regis, West Sussex PO21 2LF2
£245K11/232.35 mi58, Rock Gardens, Bognor Regis, West Sussex PO21 2LF2
£367K12/202.38 mi2, Norfolk Place, Bognor Regis, West Sussex PO21 1XF2
£195K05/232.41 miFlat 9, Witham Court, Westloats Lane, Bognor Regis, West Sussex PO21 5AB2
£192K12/202.44 mi2, Parklands Avenue, Bognor Regis, West Sussex PO21 2BA2
£230K01/212.46 miFlat 5, Swansea House, West Street, Bognor Regis, West Sussex PO21 1XH2
£152K05/212.51 miFlat 1, Arlington Mews, Scott Street, Bognor Regis, West Sussex PO21 1FE2
£175K11/212.52 miFlat 6, Sutherland Court, Sutherland Close, Bognor Regis, West Sussex PO21 1DX2
£180K09/232.52 mi8, Carousel Court, Bognor Regis, West Sussex PO22 9NB2
£147K10/202.52 mi25, Carousel Court, Bognor Regis, West Sussex PO22 9NB2

Local Rents

13 rents from £965/mo to £1.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,50007/240.32 miGreenways, Pagham, Bognor Regis, West Sussex, PO212
£1,05007/240.57 miSt Thomas Court, Pagham, Bognor Regis PO212
£1,20006/240.62 miStonehill Crescent, BOGNOR REGIS2
£99507/240.64 miThe Parade, Pagham, PO212
£1,10007/240.65 mi-2
£1,20003/250.65 mi-2
£1,29507/240.68 miRossalyn Close, Rose Green2
£1,25006/240.7 miCarlton Avenue, Rose Green, Bognor Regis, PO212
£1,29506/240.75 miWillowhale Green, Bognor Regis, PO212
£1,95007/240.77 miPagham, Bognor Regis, PO212
£1,95002/250.77 mi-2
£1,45007/240.81 miOsborne Way, Rose Green, Bognor Regis2
£96502/251.01 mi-2

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

2.77 miles away

Nearest school

0.60 miles away

Nearest train station

2.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £180,000

February 20, 2025

Listed for £200,000

February 5, 2025

Floor Plans

Description

  • Private Entrance +

  • Spacious Enclosed Garden +

  • 2 Bedrooms +

  • Driveway Parking +

  • Generously Sized Throughout +

  • Ground Floor Apartment +

SUMMARY
Fox and Sons are pleased to offer to the market this ground floor apartment located in a favoured residential area of Pagham, within a short distance of local shopping amenities, restaurants and Pagham Beach.

DESCRIPTION
Fox and Sons are pleased to offer to the market this ground floor apartment located in a favoured residential area of Pagham, within a short distance of local shopping amenities, restaurants and Pagham Beach.

This well presented apartment has it's own private front door and consists of good size accommodation including a spacious living room, kitchen, 2 bedrooms and 3 piece suite bathroom. Outside there is a generous private garden and private driveway providing plenty of off road parking.

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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