3 Bed Semi-Detached House, Refurb/BRRR, Chichester, PO19 7PX, £350,000

9 Pound Farm Road, Chichester, PO19 7PX - 2 views - 3 months ago

Sold STC
Refurb/BRRR
~149 m²
+11 photos

ValuationUndervalued

Sold Prices£250K - £610K
Sold Prices/m²£1.7K/m² - £7.8K/m²

 

 

Square Metres

~149 m²
Price/m²£2.3K/m²

Value Estimate

£360,500
BMV3%

 

 

End Value (After Refurb)

£643,850

Uplift in Value

+84%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Refurb Costs

£69,128

Bridging Loan Interest

£9,188

Total Cash In

£191,266

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£643,850

Agent Fees (1%)

£6,439

Bridging Loan

£262,500

Bridging Loan Interest

£9,188

Flip Profit

£183,646

Local Sold Prices

50 sold prices from £250K to £610K, average is £397K. £1.7K/m² to £7.8K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£370K10/220.04 mi25, Pound Farm Road, Chichester, West Sussex PO19 7PX3
£500K04/230.05 mi39, Pound Farm Road, Chichester, West Sussex PO19 7PU3
£407.5K12/200.05 mi224, Oving Road, Chichester, West Sussex PO19 7EJ3
£495K06/210.08 mi13, Bognor Road, Chichester, West Sussex PO19 7TF3
£453K03/210.09 mi221, Whyke Road, Chichester, West Sussex PO19 7AH3
£470K11/210.09 mi21, Oving Road, Chichester, West Sussex PO19 7EH3
£495K11/220.09 mi59, Oving Road, Chichester, West Sussex PO19 7EN3
£429.9K06/210.09 mi30, Oving Road, Chichester, West Sussex PO19 7EN3
£425K11/210.1 mi146, Bognor Road, Chichester, West Sussex PO19 7TQ3
£375K10/230.1 mi132, Bognor Road, Chichester, West Sussex PO19 7TQ3
£425K06/210.14 mi7, Guilden Road, Chichester, West Sussex PO19 7LA3
£495K06/210.14 mi15, Green Lane, Chichester, West Sussex PO19 7NS3
£250K04/240.15 mi27, St James Road, Chichester, West Sussex PO19 7HS3
£610K09/220.15 mi16, Green Lane, Chichester, West Sussex PO19 7NS3
£370K06/210.16 mi46, Winden Avenue, Chichester, West Sussex PO19 7UZ3
£320K03/210.16 mi37, Winden Avenue, Chichester, West Sussex PO19 7UZ3
£400K03/210.2 miThe Heathers, Lake Road, Chichester, West Sussex PO19 7TD3
£394K01/210.2 mi7, Lake Road, Chichester, West Sussex PO19 7TD3
£380K05/210.2 mi10, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£375K01/230.2 mi11, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£420K05/230.2 mi8, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£400K03/210.21 mi49, Green Lane, Chichester, West Sussex PO19 7NP3
£310K07/230.21 mi38, St James Road, Chichester, West Sussex PO19 7HT3
£430K11/220.21 mi36, St James Road, Chichester, West Sussex PO19 7HT3
£380K05/210.22 mi10, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£330K03/240.22 mi25, Armadale Road, Chichester, West Sussex PO19 7NR3
£330K07/230.22 mi17, Armadale Road, Chichester, West Sussex PO19 7NR3
£380K02/210.23 mi93, St James Road, Chichester, West Sussex PO19 7HR3
£460K11/230.23 mi81, St James Road, Chichester, West Sussex PO19 7HR3
£335K01/210.23 mi15, Windsor Road, Chichester, West Sussex PO19 7XF3
£297K06/230.24 mi27, Kensington Road, Chichester, West Sussex PO19 7XS3
£410K11/200.26 mi48, Victoria Road, Chichester, West Sussex PO19 7HY3
£402K12/220.27 mi15, Cleveland Road, Chichester, West Sussex PO19 7AF3
£455K10/230.28 mi14, Peter Weston Place, Chichester, West Sussex PO19 7AP3
£520K08/230.28 mi82, Cleveland Road, Chichester, West Sussex PO19 7AF3
£435K02/240.28 mi7, Cleveland Road, Chichester, West Sussex PO19 7AF3
£375K02/230.29 miFlinders, Joys Croft, Chichester, West Sussex PO19 7NJ3
£415K12/230.29 miOrchard House, Joys Croft, Chichester, West Sussex PO19 7NJ3
£310K11/200.29 mi8, Littlefield Road, Chichester, West Sussex PO19 7AE3
£255K01/210.3 mi25, Charles Avenue, Chichester, West Sussex PO19 7EY3
£357K12/220.31 mi13, Lime Close, Chichester, West Sussex PO19 6SW3
£335K11/230.31 mi2, Lime Close, Chichester, West Sussex PO19 6SW3
£322K01/230.31 mi22, Lime Close, Chichester, West Sussex PO19 6SW3
£470K06/210.31 mi41, Whyke Lane, Chichester, West Sussex PO19 7UT3
£385K04/230.32 mi29, Windsor Road, Chichester, West Sussex PO19 7XG3
£325.3K05/230.32 mi14, Windsor Road, Chichester, West Sussex PO19 7XG3
£320K06/230.32 mi12, Kensington Road, Chichester, West Sussex PO19 7XR3
£407.5K09/210.32 mi84, Whyke Lane, Chichester, West Sussex PO19 7PD3
£325K12/210.32 mi12, Kensington Road, Chichester, West Sussex PO19 7XR3
£408K03/210.33 mi14, Old Bakery Gardens, Chichester, West Sussex PO19 8AJ3

Local Rents

28 rents from £1.1K/mo to £2.4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,59506/240.09 miRussell Street, Chichester, West Sussex, PO193
£1,75010/240.1 mi-3
£1,79507/240.14 miGreen Lane Chichester PO193
£1,45006/240.18 miArmadale Road, Chichester, PO193
£1,50008/240.2 miLake Road, Chichester3
£1,45006/240.2 miOving Terrace, Chichester3
£1,35008/240.23 miOrmonde Avenue, Chichester, West Sussex3
£1,15006/240.24 miVelyn Avenue, Chichester3
£1,45006/240.3 miCharles Avenue Chichester PO193
£1,40008/240.31 miLime Close, Chichester3
£2,10007/240.31 miSt Pancras, Chichester3
£1,59507/240.32 miBishops Courtyard3
£1,59507/240.33 miChequers Place, Oving Road, Chichester3
£1,35006/240.36 miHarvester Close, Chichester3
£1,59506/240.37 miSpitalfield Lane, Chichester, PO193
£1,37508/240.39 miWilliam Road, Chichester3
£1,35008/240.44 miChurch Road, Chichester3
£2,40009/240.45 miEast Walls Close, Chichester3
£1,50006/240.5 miSpitalfield Lane Chichester West Sussex PO19 6SG3
£1,45007/240.51 miOving Road Chichester PO203
£1,50007/240.53 miHay Road, Chichester, PO193
£1,45006/240.53 miBishopsgate Walk, Chichester3
£1,72507/240.58 miIronstone Way, Chichester3
£1,50001/250.59 mi-3
£1,95008/240.59 mi3 bedroom Terraced House in Chichester3
£1,85007/240.61 miFranklin Place Chichester PO193
£1,45008/240.61 miSt Peters, Chichester3
£1,60007/240.61 miBradshaw Road, Chichester, PO193

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.69 miles away

Nearest school

0.20 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £350,000

February 6, 2025

Floor Plans

Description

In need of thorough modernisation and redecoration, a 3-bedroom semi-detached house with 2 single garages and a southerly aspect rear garden, situated in a popular road only about half a mile to the east of Chichester city centre.

DESCRIPTION:

Situated in a popular residential road close to Florence Park and only about ½ a mile to the east of the city centre, 9 Pound Farm Road is a 3-bedroom semi-detached house with approx. 986sqft of accommodation arranged over two floors. Believed to date from the 1920s and understood to be of steel-framed construction, the property is in need of thorough modernisation and redecoration.

Features to note on the ground floor include an entrance porch and hall, double aspect sitting room, separate dining room, kitchen, and a sunroom with WC off, also leading to the rear garden. On the first floor there are three bedrooms and a shower room/WC. Offered for sale with no onward chain, the property is mainly UPVC double glazed and also benefits from gas central heating, although a couple of rooms do not have radiators.

Outside, there is a modest size front garden being partly laid to lawn with shrubbery and a paved path running from a brick front boundary wall to the front door. A shared path leads down the side of the house to a gate opening to a southerly aspect rear garden with small lawned area, raised shrub bed, timber shed, two prefabricated singles garages, and a hardstanding adjacent to a gated back boundary allowing vehicular access from a surfaced service lane running behind and parallel to Pound Farm Road.

Location:

The property is situated towards the end of a residential road comprising many character properties being less than a mile to the east of Chichester city centre and the bustling mainly pedestrianised shopping precinct. It is also conveniently located for a couple of convenience stores, bus services, and for easy access to the A27, which links with the A3(M) to the west providing a route north to the M25. Chichester train station, just outside the city centre and only about 1 mile from the property, provides services along the coast to Portsmouth and Brighton, and to London Victoria.

The cathedral city of Chichester offers excellent high-street shopping, many fashionable restaurants, cafes, bars, a leisure centre with swimming pool, sports clubs, cinemas, and is home to the Pallant House Gallery and the renowned Festival Theatre. Located close to Chichester is the Goodwood Estate, which is famous for its many sporting event days including the much-celebrated Festival of Speed and Goodwood Revival for motor racing enthusiasts, and a season of horse racing including the Glorious Goodwood Festival.

The South Downs National Park is within easy reach being only about 2.5 miles to the north, and Chichester Harbour, along with Chichester Marina and Birdham Pool, are located just to the south-west, the harbour being home to several popular sailing clubs. Also, to the south-west, about 9 miles, is the sandy beach at West Wittering and the National Trust’s East Head sand dune spit at the stunning entrance to Chichester Harbour.

INFORMATION

Services: All Main

Local Authority: Chichester District Council

Council Tax: Band D

Energy Rating: D

Agent Details

Stride and Son, Chichester

020 3835 4104

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪