4 Bed Detached House, Refurb/BRRR, Chichester, PO20 8NG, £795,000

11 Elmstead Gardens, West Wittering, Chichester, PO20 8NG - 2 months ago

Under Offer
Refurb/BRRR
135 m²
+21 photos

ValuationOvervalued

Sold Prices£410K - £3.1M
Sold Prices/m²£3.9K/m² - £10.6K/m²

 

 

Square Metres

135 m²
Price/m²£5.9K/m²

Value Estimate

£544,833

 

 

End Value (After Refurb)

£865,574

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£198,750

Stamp Duty & Legal Fees

£52,300

Refurb Costs

£62,129

Bridging Loan Interest

£20,869

Total Cash In

£335,798

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£865,574

Mortgage (After Refinance)

£649,181

Mortgage LTV

75%

Cash Released

£52,931

Cash Left In

£282,867

Equity

£216,394

Rent Range

£800 - £6,950

Rent Estimate

£2,000

Running Costs/mo

£3,125

Cashflow/mo

£-1,125

Cashflow/yr

£-13,499

Gross Yield

3%

Local Sold Prices

26 sold prices from £410K to £3.1M, average is £800K. £3.9K/m² to £10.6K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£800K09/210.03 mi6, Elmstead Gardens, West Wittering, Chichester, West Sussex PO20 8NG4
£711K05/230.07 mi1, Elmstead Park Road, West Wittering, Chichester, West Sussex PO20 8NQ4
£800K06/210.14 miBrown Gables, Summerfield Road, West Wittering, Chichester, West Sussex PO20 8LY4
£821K12/200.14 miLittle Orchard, Summerfield Road, West Wittering, Chichester, West Sussex PO20 8LY4
£950K02/210.26 mi9, The Wad, West Wittering, Chichester, West Sussex PO20 8AH4
£1.3M04/230.26 mi17, The Wad, West Wittering, Chichester, West Sussex PO20 8AH4
£1.1M02/230.3 mi10, The Wad, West Wittering, Chichester, West Sussex PO20 8AH4
£846K12/210.87 mi11, Howard Avenue, West Wittering, Chichester, West Sussex PO20 8EX4
£875K12/200.93 mi38, Marine Drive West, West Wittering, Chichester, West Sussex PO20 8HH4
£410K06/231.07 mi21, Furzefield, West Wittering, Chichester, West Sussex PO20 8PY4
£930K05/231.08 mi39, The Crescent, West Wittering, Chichester, West Sussex PO20 8EE4
£530K03/211.12 mi7, Chaucer Drive, West Wittering, Chichester, West Sussex PO20 8BY4
£545K02/211.19 mi4, Tower Place, East Wittering, Chichester, West Sussex PO20 8QT4
£445K06/211.2 mi10, Mill Gardens, East Wittering, Chichester, West Sussex PO20 8PR4
£585K03/211.25 mi23, Church Road, East Wittering, Chichester, West Sussex PO20 8PS4
£1.6M03/211.31 mi5, Tamarisk Walk, East Wittering, Chichester, West Sussex PO20 8DQ4
£635K03/211.45 mi19, Coney Road, East Wittering, Chichester, West Sussex PO20 8DA4
£1.6M03/211.46 miBriarfield, Itchenor Green, Itchenor, Chichester, West Sussex PO20 7DA4
£550K02/211.49 mi3, Wessex Avenue, East Wittering, Chichester, West Sussex PO20 8NP4
£1.4M05/231.6 miColtsfoot Cottage, Itchenor Road, Itchenor, Chichester, West Sussex PO20 7DD4
£704K06/211.62 mi11, The Spinney, Itchenor, Chichester, West Sussex PO20 7DF4
£830K06/211.66 miBadger Barn, Itchenor Road, Itchenor, Chichester, West Sussex PO20 7DH4
£493.5K12/221.81 mi36, Legion Way, East Wittering, Chichester, West Sussex PO20 8PP4
£450K12/221.87 mi2, Westerley Gardens, East Wittering, Chichester, West Sussex PO20 8RT4
£480K02/231.94 mi7, Barton Way, Bracklesham Bay, Chichester, West Sussex PO20 8JD4
£3.1M06/211.96 miMacnade House, Spinney Lane, Itchenor, Chichester, West Sussex PO20 7DJ4

Local Rents

42 rents from £800/mo to £7K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£2,75006/240.07 miRoyce Close, West Wittering4
£3,25004/250.19 mi-4
£3,00012/240.19 mi-4
£3,50003/250.19 mi-4
£3,00007/240.19 miWest Wittering, Chichester, PO204
£2,49506/240.21 miMiddlefield, West Wittering, Chichester, PO203
£2,49507/240.24 miThe Wad, West Wittering, Chichester, PO203
£1,40006/241.12 miSandpiper Walk, West Wittering3
£1,10007/241.15 miHarrow Drive, East Wittering2
£1,05012/241.21 miEast Wittering1
£1,60006/241.21 miShore Road, East Wittering3
£1,75007/241.25 miChurch Road East Wittering PO203
£1,07506/241.26 miSandlands Point, East Wittering2
£1,30007/241.54 miStocks Lane PO20 3
£3,00007/241.62 miThe Spinney, Itchenor, PO203
£91506/241.7 mi-2
£2,32510/241.73 mi-4
£2,50004/251.73 mi-4
£1,15002/251.81 mi-2
£1,00012/241.86 mi-2
£1,00007/241.87 miCormorant Way, Chichester2
£2,20007/241.9 miHoneys, Bracklesham Bay3
£1,50007/241.94 miCharlie Drive, Bracklesham Bay, Chichester, PO202
£2,00006/241.98 miOrchard Lane, Itchenor, Chichester, West Sussex, PO204
£85004/252.03 mi-1
£1,85007/242.05 miThe Street, Itchenor, Chichester, West Sussex, PO204
£3,30006/242.07 miSeafarers Walk, Hayling Island5
£1,20006/242.07 miWillow Way, Bracklesham Bay, Chichester2
£2,20006/242.09 miBracklesham Road, Hayling Island, Hampshire4
£6,95007/242.1 miSpinney Lane, Itchenor, Chichester West Sussex, PO205
£2,90001/252.2 mi-4
£1,39512/242.36 miAxford Close, Bracklesham Bay, Chichester, PO202
£80006/242.41 miSouthwood Road Hayling Island PO111
£80006/242.41 miSouthwood Road, Hayling Seafront1
£1,30006/242.41 miSouthwood Road, Seafront, Hayling Island2
£1,65004/252.41 mi-2
£1,15006/242.42 miTide Way, Bracklesham Bay2
£1,45007/242.42 miTide Way Bracklesham Bay PO203
£1,30012/242.45 mi-2
£1,30007/242.45 miHayward Place, Bracklesham Bay, Chichester, PO202
£1,15007/242.46 miTide Way, Bracklesham Bay, Chichester2
£4,50007/242.48 miWestlands Lane, Birdham, PO204

Local Area Statistics

Population in PO20

32,437

Population in Chichester

75,877

Town centre distance

6.21 miles away

Nearest school

0.30 miles away

Nearest train station

4.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £795,000

February 14, 2025

Floor Plans

Description

A fantastic OPPORTUNITY to turn this West Wittering property into your DREAM family home. A spacious 1966 SQFT of accommodation across 4 bedrooms and 3 reception rooms awaits with NO CHAIN. Viewing HIGHLY recommended.

Perfectly positioned in the heart of desirable West Wittering, 11 Elmstead Gardens presents a fantastic opportunity to turn this property into a modern home for an established or growing family. This spacious property boasts 1966 sqft of accommodation across the 4 bedrooms, 3 receptions rooms, kitchen and conservatory.

Upon entrance via the front porch, you are welcomed by character and charm from Parquet flooring throughout and your attention is immediately drawn to the open living room and wood burner which provides a cosy ambiance for those colder months. The living room opens to the adjoining dining room which provides a dual reception room, perfect for those who love social, flowing interiors or entertaining. The dining room is also open to the kitchen and conservatory which really makes this social room the heart of the home. The central heated conservatory has also had roof insulation making this a useable garden room no matter the weather and allowing you to step straight outside.

Private and enclosed the supremely maintained garden is a relaxing place to spend an evening, enjoying breath taking sunsets from the western corner or sunlight throughout the day at the dining area nestled in the furthest point of the garden.

Upstairs the property opens onto a spacious, light landing leading to the 4 generously proportioned and well stored bedrooms which enjoy outlooks onto the front and rear gardens. Further bedrooms and bathrooms can be configured by using the downstairs study and cloakroom area, while the tiled family bathroom provides a great canvas for modernisation.

Storage space for beach toys and water sports equipment is amply supplied by the single garage and double shed with a further wood store tucked to the side of the property.

Private driveway parking for multiple cars.

No Forward Chain.

Viewing highly recommended- by appointment

Agent Details

Baileys, Chichester

020 3871 6581

Next Steps?

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

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