2 Bed Terraced House, Single Let, Bognor Regis, PO21 1LX, £280,000

The Esplanade, Bognor Regis, PO21 1LX - a month ago

Sold STC
BTL
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£115K - £380K
Sold Prices/m²£1.9K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.1K/m²

Value Estimate

£224,672

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Total Cash In

£81,100

 

 

Cash Out

 

Rent Range

£850 - £2,500

Rent Estimate

£895

Running Costs/mo

£1,074

Cashflow/mo

£-179

Cashflow/yr

£-2,148

Gross Yield

4%

Local Sold Prices

50 sold prices from £115K to £380K, average is £252K. £1.9K/m² to £5.8K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£158K05/210.33 miEstevan Cottage, Chapel Street, Bognor Regis, West Sussex PO21 1PH2
£235K05/230.35 mi21, Crescent Road, Bognor Regis, West Sussex PO21 1QG2
£209K07/210.39 mi48, Steyne Street, Bognor Regis, West Sussex PO21 1TJ2
£220K09/230.4 miEstevan Cottage, Chapel Street, Bognor Regis, West Sussex PO21 1PH2
£212.5K03/210.46 mi8, Gibson Way, Bognor Regis, West Sussex PO21 1AW2
£222.5K03/210.49 mi13, Henry Street, Bognor Regis, West Sussex PO21 1AR2
£276K11/220.49 mi20, Cheshire Close, Bognor Regis, West Sussex PO21 1YA2
£243K01/240.5 mi29, Mead Lane, Bognor Regis, West Sussex PO22 8AN2
£240K05/210.5 mi33, Mead Lane, Bognor Regis, West Sussex PO22 8AN2
£310K01/210.55 mi20, Havelock Road, Bognor Regis, West Sussex PO21 2EZ2
£210K08/230.55 mi106, Longford Road, Bognor Regis, West Sussex PO21 1AF2
£152K11/210.56 miLoraine, Sea Road, Bognor Regis, West Sussex PO22 7AN2
£273K07/210.56 mi20, St Winifreds Close, Bognor Regis, West Sussex PO21 2JX2
£175K11/220.58 miOcean Wave, Sea Road, Bognor Regis, West Sussex PO22 7AN2
£249.5K05/230.58 mi4, Northcliffe Road, Bognor Regis, West Sussex PO22 8BA2
£351.5K05/230.58 mi6, Brooksmead, Bognor Regis, West Sussex PO22 8AS2
£254K12/200.59 mi46, Victoria Road, Bognor Regis, West Sussex PO21 2JF2
£315K11/200.67 mi42, Elmwood Avenue, Bognor Regis, West Sussex PO22 8DD2
£270K03/240.69 mi55, Highfield Road, Bognor Regis, West Sussex PO22 8PD2
£230K03/210.7 mi53, Highfield Road, Bognor Regis, West Sussex PO22 8PD2
£205K02/230.72 mi30, Gordon Avenue, Bognor Regis, West Sussex PO22 9LS2
£360K05/230.73 mi29, Madeira Avenue, Bognor Regis, West Sussex PO22 8DF2
£292.5K08/230.73 mi56, Highcroft Crescent, Bognor Regis, West Sussex PO22 8DU2
£270K12/230.73 mi66, Highcroft Crescent, Bognor Regis, West Sussex PO22 8DU2
£315K01/230.74 mi16, Wood Street, Bognor Regis, West Sussex PO21 2PJ2
£237.5K03/210.75 mi53, Ivy Lane, Bognor Regis, West Sussex PO22 8AE2
£270K11/230.76 miBeaumont, Town Cross Avenue, Bognor Regis, West Sussex PO21 2DS2
£265K08/230.77 mi16, Stratton Court, Bognor Regis, West Sussex PO22 8DP2
£265.5K03/240.77 mi18, Stratton Court, Bognor Regis, West Sussex PO22 8DP2
£260K11/210.78 mi23, Ivy Lane, Bognor Regis, West Sussex PO22 8AA2
£250K08/230.78 mi46, Essex Road, Bognor Regis, West Sussex PO21 2BU2
£220K05/210.78 mi46, Essex Road, Bognor Regis, West Sussex PO21 2BU2
£222K01/210.78 mi3, Essex Road, Bognor Regis, West Sussex PO21 2BU2
£265K10/230.78 mi14, Essex Road, Bognor Regis, West Sussex PO21 2BU2
£270K12/210.79 mi12, Murina Avenue, Bognor Regis, West Sussex PO21 2DA2
£310K10/230.79 mi72, Brooks Lane, Bognor Regis, West Sussex PO22 8DN2
£230K02/210.83 mi15, Ivy Crescent, Bognor Regis, West Sussex PO22 8AB2
£215K07/210.83 mi11, Ivy Crescent, Bognor Regis, West Sussex PO22 8AB2
£330K06/230.84 mi97, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ2
£287K06/210.84 mi92, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ2
£265K12/230.84 mi94, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ2
£235K06/210.85 mi8, Falklands Close, Bognor Regis, West Sussex PO22 9SR2
£115K09/210.85 miHazelwood Cottage, Waterloo Road, Bognor Regis, West Sussex PO22 7EH2
£215K01/210.85 mi108c, Aldwick Road, Bognor Regis, West Sussex PO21 2PD2
£275K01/210.86 mi51, Highcroft Crescent, Bognor Regis, West Sussex PO22 8DJ2
£300K11/200.86 mi22, Burngreave Court, Bognor Regis, West Sussex PO21 2TZ2
£290K12/220.86 mi10, Burngreave Court, Bognor Regis, West Sussex PO21 2TZ2
£380K12/220.86 mi7, Burngreave Court, Bognor Regis, West Sussex PO21 2TZ2
£240K12/210.87 mi4, St Clares Mews, Felpham, Bognor Regis, West Sussex PO22 7AB2
£230K02/240.88 mi31, Church Lane, South Bersted, Bognor Regis, West Sussex PO22 9PT2

Local Rents

51 rents from £850/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20006/240.01 miThe Esplanade, Bognor Regis, West Sussex, PO212
£1,35007/240.02 miThe Esplanade2
£1,30006/240.11 miCampbell Road, Bognor Regis2
£1,30006/240.12 miThe Esplanade, Bognor Regis2
£1,27507/240.13 miHigh Street, Bognor Regis2
£1,45006/240.14 miThe Esplanade, Bognor Regis, West Sussex, PO212
£1,10006/240.18 miLondon Road, Bognor Regis2
£1,30003/250.18 mi-2
£1,20007/240.18 miSudley Road, Bognor Regis, West Sussex, PO212
£1,00006/240.19 miRegis Court, Bognor Regis2
£1,25006/240.19 miBelmont Street, Bognor Regis, PO21 1JW2
£99506/240.21 miGlamis Street, Bognor Regis, PO212
£1,25007/240.21 miSudley Gardens, Bognor Regis, PO21 1HY2
£1,00006/240.22 miSudley Gardens, Bognor Regis, West Sussex, PO212
£1,02503/250.22 mi-2
£1,19506/240.22 miSudley Gardens, Bognor Regis2
£1,20006/240.25 miLyon Street, Bognor Regis2
£97507/240.32 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£92507/240.32 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£1,15007/240.34 mi-2
£1,15007/240.34 mi-2
£1,00007/240.35 miHills Court, Bognor Regis, PO212
£1,00002/250.35 mi-2
£99512/240.35 mi-2
£1,15006/240.37 miMerchant Street, Bognor Regis2
£95007/240.37 miManor Place, Bognor Regis2
£97506/240.37 miRegis House, Richmond Road, Bognor Regis, PO212
£1,45006/240.38 miThe Esplanade Bognor Regis PO212
£1,10007/240.38 miThe Steyne, PO212
£1,20006/240.39 miSteyne Street, Bognor Regis, West Sussex, PO212
£1,05007/240.4 miCanada Grove, Bognor Regis, PO212
£98503/250.42 mi-2
£1,30007/240.42 miBognor Regis2
£85006/240.43 mi-2
£1,10006/240.43 miHenry Street, Bognor Regis, PO212
£1,29507/240.43 miRoyal Hotel, The Esplanade, Bognor Regis, PO212
£89507/240.43 miLinden Road, Bognor Regis, PO212
£87506/240.43 mi-2
£89502/250.43 mi-2
£2,50011/240.44 mi-2
£97502/250.44 mi-2
£1,10007/240.44 miWest Street, Bognor Regis, West Sussex2
£95003/250.46 mi-2
£99003/250.46 mi-2
£97507/240.46 miLongford Road, BOGNOR REGIS2
£1,40006/240.5 miParkside, Upper Bognor Road, Bognor Regis, PO212
£1,05007/240.5 miLongford Road, Bognor Regis, West Sussex, PO212
£94506/240.5 miCavendish Road, Bognor Regis2
£1,00006/240.51 miBurnham Avenue, BOGNOR REGIS2
£1,20008/240.51 miMead Lane, Bognor Regis, PO222
£95007/240.53 miBurnham Avenue, Bognor Regis, PO212

Local Area Statistics

Population in PO21

39,509

Population in Bognor Regis

68,380

Town centre distance

0.51 miles away

Nearest school

0.20 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £280,000

February 18, 2025

Floor Plans

Description

  • First Floor Apartment with Panoramic Sea Views +
  • Lounge with Sun Terrace +
  • Kitchen/Breakfast Room +
  • Two Bedrooms +
  • Ensuite Shower Room to Main Bedroom +
  • Additional Shower Room +
  • Garage & Parking +
  • EPC Rating B +

Our Comments Located directly on Bognor Regis seafront is this delightful first floor apartment with panoramic sea views directly from the lounge sofa and front terrace. It has a perfect birds eye view for events in the band stand and watching waves as they land on the beach. Whether it be summer chillaxing or storm side drama - it's all there through the lounge window. The apartment is located at the front of the building on the first floor and can be accessed via a lift. There is a rear door that provides access to the parking area where the property has a garage (see title plan) and parking is managed with a permit system. The accommodation comprises entrance hall, lounge with terrace, kitchen/breakfast room, two bedrooms (one with en-suite shower room) and a further shower room.  The property is double glazed and gas centrally heated. Homes with this kind of sea view are uncommon and viewings are strongly recommended. Entrance Hall - 6.58m x 1.37m (21'7" x 4'5") Lounge - 3.58m x 4.99m (11'8" x 16'4") Sun Terrace - 3.1m x 1.61m (10'2" x 5'3") Kitchen/Breakfast Room - 2.46m x 5.12m (8'0" x 16'9") Bedroom 2 - 2.99m including wardrobe x 3.47m (9'9" x 11'4") Bedroom 1 - 3.27m x 3.46m (10'8" x 11'4") Ensuite Shower Room - 1.42m x 2.8m (4'7" x 9'2") Shower Room - 2.65m x 1.78m (8'8" x 5'10")

Lease Information: Lease Information:  The seller informs us that there are 989 years remaining on the lease (31/03/3014), there is no ground rent and the current maintenance charge is £2700.00 pa including insurance (invoiced bi-annually). We have not sighted documents to evidence this and advise that should you proceed to purchase this property this should be checked by your conveyancer.

Material Information: Council Tax: Arun District Council Band D Property Type: Purpose Built Property Construction:  Standard Electricity, Water, Drainage Supply:  Mains Heating: Gas Central Heating Parking: Garage & Permit Parking On 21/01/2025 information from the Ofcom Website shows: Broadband        Availability       Max Down         Max Up Standard                                     19 mbps               1.0 mbps Superfast                                     77 mbps             20 mbps Ultrafast                                      1000 mbps         1000 mbps  Mobile            Indoor                             Outdoor                         Voice         Data              Voice     Data EE                    Limited      Limited         Likely     Likely Three               Likely        Likely            Likely     Likely O2                   Likely         Likely            Likely     Likely Vodafone        Likely         Likely            Likely     Likely

Agent Details

Clarkes Estates, Bognor Regis

01243 861344

Next Steps?

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