2 Bed Flat, Single Let, Bognor Regis, PO22 7SS, £285,000

7 Greenfields, Middleton-On-Sea, PO22 7SS - a month ago

BTL

~68 m²

+10 photos

ValuationOvervalued

Sold Prices	£98K - £330K
Sold Prices/m²	£1.9K/m² - £5.2K/m²

Square Metres	~68.11 m²
Price/m²	£4.2K/m²
Value Estimate	£199,758£199,758

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£71,250£71,250
Stamp Duty & Legal Fees	£11,500£11,500
Total Cash In	£82,750£82,750

Cash Out
Rent Range	£825 - £1,600£825 - £1,600
Rent Estimate	£838
Running Costs/mo	£1,078£1,078
Cashflow/mo	£-240£-240
Cashflow/yr	£-2,883£-2,883
Gross Yield	4%4%

Local Sold Prices

23 sold prices from £98K to £330K, average is £165K. £1.9K/m² to £5.2K/m², average is £2.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£275K	06/23	0.01 mi	11, Greenfields, Bognor Regis, West Sussex PO22 7SS	£3,528	78	2	Flat
£285K	06/23	0.01 mi	14, Greenfields, Bognor Regis, West Sussex PO22 7SS	£3,353	85	2	Flat
£116K	03/21	0.06 mi	Flat 67, Buckingham Court, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SF	-	-	2	Flat
£98K	03/21	0.06 mi	Flat 77, Buckingham Court, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SF	-	-	2	Flat
£150K	05/23	0.06 mi	Flat 60, Buckingham Court, Shrubbs Drive, Bognor Regis, West Sussex PO22 7SF	-	-	2	Flat
£164.5K	07/21	0.1 mi	Flat 26, St Nicholas Court, Elmer Road, Bognor Regis, West Sussex PO22 6ES	-	-	2	Flat
£180K	01/23	0.13 mi	42, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST	£2,903	62	2	Flat
£165K	07/23	0.13 mi	11, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST	£2,661	62	2	Flat
£117K	10/21	0.13 mi	15, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST	£1,857	63	2	Flat
£140K	07/23	0.13 mi	17, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST	£2,127	66	2	Flat
£125K	08/23	0.13 mi	45, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST	-	-	2	Flat
£150K	12/22	0.13 mi	22, Kingfisher Court, Bognor Regis, West Sussex PO22 7ST	£2,500	60	2	Flat
£159.5K	12/20	0.16 mi	7, Nightingale Court, Bognor Regis, West Sussex PO22 7SU	£2,615	61	2	Flat
£124K	05/23	0.21 mi	15, Satinwood Close, Bognor Regis, West Sussex PO22 6SB	£2,933	42	2	Flat
£330K	12/22	0.33 mi	30, Thompson Road, Bognor Regis, West Sussex PO22 7UG	£5,156	64	2	Flat
£317.5K	01/21	0.39 mi	7, Freya Close, Bognor Regis, West Sussex PO22 7UQ	£4,233	75	2	Flat
£300K	09/23	0.39 mi	6, Freya Close, Bognor Regis, West Sussex PO22 7UQ	-	-	2	Flat
£317.5K	01/21	0.39 mi	7, Freya Close, Bognor Regis, West Sussex PO22 7UQ	£4,233	75	2	Flat
£282.5K	06/21	0.39 mi	15, Freya Close, Bognor Regis, West Sussex PO22 7UQ	£4,216	67	2	Flat
£164K	01/21	0.41 mi	92a, Elmer Road, Bognor Regis, West Sussex PO22 6EX	£3,216	51	2	Flat
£250K	02/23	0.74 mi	6, Lionel Avenue, Bognor Regis, West Sussex PO22 8LF	-	-	2	Flat
£188K	11/20	0.81 mi	Flat 4, Norwood Court, Northwyke Close, Bognor Regis, West Sussex PO22 8QP	-	-	2	Flat
£169.9K	12/23	0.82 mi	5, Northwyke Close, Bognor Regis, West Sussex PO22 8QH	£2,575	66	2	Flat

Local Rents

25 rents from £825/mo to £1.6K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	07/24	0.18 mi	Silver Birch Drive, Middleton On Sea, Bognor Regis, PO22	2	Terraced House
£1,200	07/24	0.18 mi	Silver Birch Drive, Middleton On Sea, Bognor Regis, PO22	2	Terraced House
£1,195	07/24	0.2 mi	Harefield Gardens, Middleton on Sea	2	Flat
£1,225	08/24	0.25 mi	Middleton-On-Sea	2	Terraced House
£1,200	07/24	0.3 mi	Alfred Close, Bognor Regis	2	House
£975	07/24	0.41 mi	Elmer Road, BOGNOR REGIS	2	Flat
£1,200	07/24	0.41 mi	Baldwin Close, Bognor Regis	2	House
£1,250	08/24	0.45 mi	Henfield Way, Bognor Regis, PO22	2	Terraced House
£1,250	08/24	0.45 mi	Henfield Way, Felpham, Bognor Regis, PO22	2	Terraced House
£1,200	12/24	0.65 mi	-	2	Flat
£1,150	07/24	0.69 mi	Fittleworth Drive, BOGNOR REGIS	2	Flat
£1,200	09/24	0.8 mi	Sloe Gardens, Felpham	2	Flat
£825	02/25	0.81 mi	-	2	Bungalow
£895	02/25	0.81 mi	-	2	Bungalow
£1,100	07/24	0.82 mi	Northwyke Close, Bognor Regis	2	Flat
£1,100	07/24	0.82 mi	Northwyke Close, Bognor Regis	2	Flat
£1,295	06/24	0.95 mi	Southview Road, Bognor Regis, PO22	2	Flat
£875	06/24	0.97 mi	Felpham Way, Felpham	2	Flat
£1,295	06/24	1.04 mi	Summerley Point, Summerley Lane, Felpham, PO22	2	Flat
£950	07/24	1.15 mi	Outerwyke Road, Felpham	2	Flat
£1,600	05/24	1.16 mi	-	2	Detached House
£1,400	07/24	1.19 mi	Glynde Crescent, Bognor Regis, West Sussex, PO22	2	Bungalow
£950	06/24	1.19 mi	Outerwyke Road Felpham Bognor Regis West Sussex	2	Flat
£1,300	09/24	1.2 mi	Felpham	2	House
£1,200	06/24	1.21 mi	Felpham	2	Flat

Local Area Statistics

Population in PO22	28,86628,866
Population in Bognor Regis	68,38068,380
Town centre distance	2.42 miles away2.42 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	2.51 miles away2.51 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+3%+3%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £285,000

February 7, 2025

Floor Plans

Description

Chain Free +
Ground Floor Apartment +
Two Bedrooms +
En-Suite Shower Room +
Family Bathroom +
South Facing Patio +
Garage in Compound +
Sought After Development +
Share of Freehold +

A TWO BEDROOM GROUND FLOOR apartment in the heart of MIDDLETON Village with a GARAGE.

Agent Details

Sims Williams, Bognor Regis

01243 215658

Next Steps?

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