3 Bed Semi-Detached House, Single Let, Bognor Regis, PO22 6RG, £280,000

Montgomery Drive, Bognor Regis, West Sussex, PO22 6RG - a month ago

BTL
ROI: 2%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£222K - £758.3K
Sold Prices/m²£2.8K/m² - £6.4K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£352,615
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£82,700

 

 

Cash Out

 

Rent Range

£1,300 - £1,895

Rent Estimate

£1,425

Running Costs/mo

£1,180

Cashflow/mo

£245

Cashflow/yr

£2,940

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £222K to £758.3K, average is £319.5K. £2.8K/m² to £6.4K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£240K11/200.01 mi8, Montgomery Drive, Bognor Regis, West Sussex PO22 6RE3
£264.7K05/210.03 mi9, Montgomery Drive, Bognor Regis, West Sussex PO22 6RS3
£295K09/230.03 mi9, Montgomery Drive, Bognor Regis, West Sussex PO22 6RS3
£222K11/200.04 mi26, Merlin Way, Bognor Regis, West Sussex PO22 6RN3
£295K03/240.04 mi22, Kynon Gardens, Bognor Regis, West Sussex PO22 6RF3
£287.5K05/230.05 mi14, Templars Close, Bognor Regis, West Sussex PO22 6RU3
£257.5K09/210.06 mi7, Baldwin Close, Bognor Regis, West Sussex PO22 6RQ3
£275K01/210.1 mi2, Marlowe Close, Bognor Regis, West Sussex PO22 6RZ3
£230K12/200.12 mi69, Flansham Park, Bognor Regis, West Sussex PO22 6QN3
£425K12/210.16 mi105, Flansham Park, Bognor Regis, West Sussex PO22 6RD3
£297K04/210.17 mi47, Ilex Way, Bognor Regis, West Sussex PO22 6PN3
£275K12/230.17 mi29, Pulborough Way, Bognor Regis, West Sussex PO22 6QR3
£325K06/230.18 mi58, Silver Birch Drive, Bognor Regis, West Sussex PO22 6SJ3
£308.5K07/230.2 mi39, Ilex Way, Middleton On Sea, Bognor Regis, West Sussex PO22 6PE3
£315K01/230.22 mi43, The Hartings, Bognor Regis, West Sussex PO22 6QF3
£263K03/210.22 mi40a, The Hartings, Bognor Regis, West Sussex PO22 6QF3
£325K01/230.22 mi2, Findon Drive, Bognor Regis, West Sussex PO22 6QJ3
£265K04/210.23 mi30, Findon Drive, Bognor Regis, West Sussex PO22 6QJ3
£515K02/240.29 miBox Cottage, Sundale Lane, Bognor Regis, West Sussex PO22 6DS3
£355K06/210.3 mi4, Homefield Avenue, Bognor Regis, West Sussex PO22 6AN3
£350K12/200.3 mi19, Homefield Avenue, Bognor Regis, West Sussex PO22 6AN3
£355K06/210.3 mi4, Homefield Avenue, Bognor Regis, West Sussex PO22 6AN3
£400K06/230.32 mi8, Courtlands Way, Bognor Regis, West Sussex PO22 6AW3
£325K09/230.33 mi28, Fittleworth Drive, Bognor Regis, West Sussex PO22 6QE3
£355K02/230.36 mi78, Flansham Lane, Bognor Regis, West Sussex PO22 6AH3
£279K11/210.36 mi15, Virginia Gardens, Felpham, Bognor Regis, West Sussex PO22 6BE3
£390K08/210.37 mi3, Flansham Park, Bognor Regis, West Sussex PO22 6QA3
£305K06/230.37 mi20, Alfriston Close, Bognor Regis, West Sussex PO22 6QB3
£272K12/200.37 mi18, Alfriston Close, Bognor Regis, West Sussex PO22 6QB3
£385K01/240.37 mi15, Alfriston Close, Bognor Regis, West Sussex PO22 6QB3
£310K02/210.37 mi15, Alfriston Close, Bognor Regis, West Sussex PO22 6QB3
£310K04/240.37 mi28, Alfriston Close, Bognor Regis, West Sussex PO22 6QB3
£650K12/220.38 miElm Tree Cottage, Yapton Road, Middleton On Sea, Bognor Regis, West Sussex PO22 6DX3
£415K09/230.38 miRiseley Cottage, Yapton Road, Middleton On Sea, Bognor Regis, West Sussex PO22 6DX3
£275K08/210.4 mi11, Pennyfields, Bognor Regis, West Sussex PO22 6BN3
£300K11/200.4 mi9, Pennyfields, Bognor Regis, West Sussex PO22 6BN3
£313.4K08/210.4 mi19, Pennyfields, Bognor Regis, West Sussex PO22 6BN3
£262.5K02/210.4 mi8, Pennyfields, Bognor Regis, West Sussex PO22 6BN3
£340K05/230.4 mi20, Pennyfields, Bognor Regis, West Sussex PO22 6BN3
£485K02/210.44 mi12, Beaconsfield Close, Bognor Regis, West Sussex PO22 7SH3
£575K12/220.45 mi67, Roundle Avenue, Bognor Regis, West Sussex PO22 8LJ3
£340K01/210.45 mi45, Roundle Avenue, Bognor Regis, West Sussex PO22 8LJ3
£324K11/230.45 mi14, West Brook Way, Felpham, Bognor Regis, West Sussex PO22 8GB3
£310K11/200.45 mi4, Ivanhoe Place, Bognor Regis, West Sussex PO22 7QN3
£340K11/200.45 mi3, Ivanhoe Place, Bognor Regis, West Sussex PO22 7QN3
£330K01/210.45 mi12, Andrew Avenue, Bognor Regis, West Sussex PO22 7QS3
£357K09/210.45 mi11, Leverton Avenue, Bognor Regis, West Sussex PO22 7RA3
£758.3K11/210.46 mi12, Harefield Road, Bognor Regis, West Sussex PO22 6EB3
£365K04/210.46 mi10, Roundle Road, Bognor Regis, West Sussex PO22 8NL3
£575K11/220.49 mi27, Roundle Avenue, Bognor Regis, West Sussex PO22 8LL3

Local Rents

13 rents from £1.3K/mo to £1.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,55001/250.11 mi-3
£1,30007/240.23 miFindon Drive, PO223
£1,59507/240.28 miJuniper Close, Middleton-On-Sea3
£1,80006/240.49 miNorthwyke Road, BOGNOR REGIS3
£1,70007/240.51 miThistle Copse Felpham PO223
£1,45007/240.61 miBlackberry Copse, Felpham3
£1,89506/240.73 miAncton Close, Elmer, Bognor Regis, PO223
£1,60009/240.76 miOuterwyke Road, Bognor Regis3
£1,40006/240.79 miHaywards Close, Bognor Regis, PO223
£1,55007/240.85 miBay Bridge Crescent, St Marys Close, PO223
£1,45009/240.97 miGlynde Crescent, Felpham3
£1,82507/241.05 miThe Grove, Felpham3
£1,45007/241.06 miPoulner Close, Felpham3

Local Area Statistics

Population in PO22

28,866

Population in Bognor Regis

68,380

Town centre distance

2.16 miles away

Nearest school

0.30 miles away

Nearest train station

2.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-14%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £280,000

March 4, 2025

Listed for £300,000

February 14, 2025

Description

  • Ideal first time buy or buy to let investment opportunity +
  • 'Worms Wood' can be found at the end of the road +
  • Local amenities are a short distance away +
  • Excellent bus links close by +
  • Set in a popular residential road +

Ideal first time buy or investment opportunity. This modern semi detached house is a short distance from 'Worms Wood'' which is a delightful green space. Doctor' surgery is within walking distance and the nearby Middleton-On-Sea village has a range of shops and is a short distance to the sea front. Conveniently located for bus links giving you easy access into Bognor Regis in one direction and Littlehampton in the other. Further afield can be found the Cathedral City of Chichester.

Room sizes:

  • Entrance Lobby
  • Lounge: 15'7 x 12'4 at widest point (4.75m x 3.76m)
  • Kitchen: 12'4 x 9'4 (3.76m x 2.85m)
  • Conservatory: 10'4 x 9'6 (3.15m x 2.90m)
  • Landing
  • Bedroom 1: 10'4 at widest point x 10'2 at widest point (3.15m x 3.10m)
  • Bedroom 2: 9'4 x 6'2 (2.85m x 1.88m)
  • Bedroom 3: 6'5 x 5'9 (1.96m x 1.75m)
  • Bathroom
  • Front Garden
  • Driveway
  • Rear Garden  
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Cubitt & West, Bognor Regis

01243 973057

Next Steps?

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