4 Bed Detached House, Refurb/BRRR, Arundel, BN18 9DU, £650,000

The Slipe, Arundel, BN18 9DU - 1 views - 2 months ago

Sold STC
Refurb/BRRR
~129 m²
+14 photos

ValuationOvervalued

Sold Prices£300K - £1.3M
Sold Prices/m²£2.4K/m² - £6.4K/m²

 

 

Square Metres

~129.26 m²
Price/m²£5K/m²

Value Estimate

£460,511

 

 

End Value (After Refurb)

£716,419

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£60,598

Bridging Loan Interest

£17,063

Total Cash In

£282,610

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£716,419

Mortgage (After Refinance)

£537,314

Mortgage LTV

75%

Cash Released

£49,814

Cash Left In

£232,796

Equity

£179,105

Rent Range

£775 - £3,000

Rent Estimate

£1,476

Running Costs/mo

£2,554

Cashflow/mo

£-1,078

Cashflow/yr

£-12,936

Gross Yield

3%

Local Sold Prices

30 sold prices from £300K to £1.3M, average is £562.5K. £2.4K/m² to £6.4K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£770K07/230.05 miNewburgh, School Lane, Arundel, West Sussex BN18 9DR4
£860K06/210.12 mi61, Tarrant Street, Arundel, West Sussex BN18 9DJ4
£625K01/230.18 mi21, Nineveh Shipyard, Arundel, West Sussex BN18 9SU4
£825K12/200.18 mi14, Nineveh Shipyard, Arundel, West Sussex BN18 9SU4
£1.2M03/210.19 mi47a, King Street, Arundel, West Sussex BN18 9BN4
£995K02/230.2 mi33, Tarrant Street, Arundel, West Sussex BN18 9DG4
£422.5K08/210.27 mi1, Penfolds Place, Arundel, West Sussex BN18 9SA4
£400K03/210.27 mi188, Fitzalan Road, Arundel, West Sussex BN18 9JZ4
£565K11/200.27 mi12, Queens Lane, Arundel, West Sussex BN18 9JN4
£441.5K06/230.28 mi32, Ford Road, Arundel, West Sussex BN18 9EQ4
£877K08/220.32 mi17, Torton Hill Road, Arundel, West Sussex BN18 9HF4
£750K03/210.42 mi11, Priory Road, Arundel, West Sussex BN18 9EJ4
£590K02/230.44 mi64, Ford Road, Arundel, West Sussex BN18 9EX4
£460K06/210.45 mi84, Ford Road, Arundel, West Sussex BN18 9EX4
£385K04/210.49 mi41, Pearson Road, Arundel, West Sussex BN18 9HP4
£1.2M10/220.52 mi39, Torton Hill Road, Arundel, West Sussex BN18 9HF4
£1.3M01/230.52 mi40, Torton Hill Road, Arundel, West Sussex BN18 9HL4
£585K08/210.64 mi13, Dalloway Road, Arundel, West Sussex BN18 9HJ4
£340K03/211.14 miThe Boathouse, Lyminster Road, Lyminster, Littlehampton, West Sussex BN17 7QQ4
£680K03/211.41 miCedar Cottage, Lyminster Road, Lyminster, Littlehampton, West Sussex BN17 7QG4
£735K06/211.52 miOld Vicarage Cottage, Lyminster Road, Lyminster, Littlehampton, West Sussex BN17 7QF4
£425K06/211.89 mi37, Linnet Close, Wick, Littlehampton, West Sussex BN17 7GW4
£391K01/211.89 mi62, Linnet Close, Wick, Littlehampton, West Sussex BN17 7GW4
£390K01/211.89 mi61, Linnet Close, Wick, Littlehampton, West Sussex BN17 7GW4
£375K05/211.89 mi16, Linnet Close, Wick, Littlehampton, West Sussex BN17 7GW4
£560K09/231.93 mi27, Battin Lane, Littlehampton, West Sussex BN17 7AZ4
£512.5K12/221.95 mi6, Kingfisher Drive, Littlehampton, West Sussex BN17 7GX4
£300K03/211.95 mi39, Kingfisher Drive, Littlehampton, West Sussex BN17 7GX4
£458K03/211.95 mi5, Kingfisher Drive, Littlehampton, West Sussex BN17 7GX4
£425K01/211.98 mi5, Arundel Road, Poling, Arundel, West Sussex BN18 9PW4

Local Rents

50 rents from £775/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£99512/240.03 miTarrant Street, Arundel1
£1,55012/240.19 mi-3
£1,60006/240.21 mi-3
£99512/240.26 miHigh Street, Arundel1
£1,35012/240.29 mi-3
£1,20012/240.3 miQueen Street, Arundel2
£2,95012/240.41 miBernard Road, Arundel, West Sussex, BN184
£1,15012/241.06 miChichester Road, Arundel, West Sussex, BN182
£1,59512/241.17 miThe Meadows, Crossbush3
£1,20012/241.24 mi-3
£1,95004/241.24 mi-5
£1,59512/241.24 miCrossbush Lane, Crossbush, Arundel, West Sussex, BN183
£1,67512/241.28 miFord Road, Tortington, Arundel, West Sussex, BN183
£1,75012/241.3 miFontwell Meadows3
£1,67512/241.3 miFontwell4
£2,40012/241.38 miLyminster4
£1,25012/241.39 miChurch Lane, Lyminster, Littlehampton, West Sussex2
£1,35012/241.42 miTortington Lane, Tortington3
£1,25012/241.94 miFalcon Gardens, Littlehampton2
£1,20012/241.99 miLyminster Road2
£1,90012/242 miErnest Fitches Way, Littlehampton, BN17 7EP4
£1,45012/242 miFalcon Gardens, Wick, Littlehampton, West Sussex3
£1,12512/242.01 miArundel Road, Poling, Arundel, West Sussex, BN182
£1,29512/242.02 miLyminster Road, Wick3
£1,85012/242.05 miBeaton Avenue Wick BN174
£1,20012/242.08 miBlackbourne Chase, Littlehampton, West Sussex2
£1,20012/242.11 miPepper Pot Court, 25 Blackbourne Chase, Littlehampton2
£1,20012/242.11 miKingley Gate, Littlehampton2
£3,00012/242.12 miStation Road, Ford, Arundel, West Sussex, BN183
£1,30003/252.22 mi-3
£1,60002/252.23 mi-4
£1,70012/242.25 mi-4
£1,50012/242.26 mi-4
£1,50012/242.26 mi-4
£1,80012/242.27 miRodney Crescent, Ford, BN18 0DB6
£1,15003/252.3 mi-2
£85012/242.33 mi-2
£1,10012/242.34 miButts Mead, Wick, Littlehampton, West Sussex2
£1,25012/242.36 miElysian Fields, Littlehampton2
£1,37512/242.37 miCheal Way, Littlehampton3
£1,70012/242.38 miHolmes Way, Wick, Littlehampton4
£1,67512/242.38 mi-4
£1,29512/242.39 miGladstone Terrace, Wick, Littlehampton, West Sussex2
£1,15012/242.39 miStammer Court Littlehampton2
£77512/242.4 miWest Way, Wick1
£2,06008/242.41 mi-2
£1,65012/242.42 miOlliver Acre, Wick, Littlehampton, West Sussex, BN174
£1,10012/242.45 miWick Street, Wick, Littlehampton2
£99512/242.46 miAlexander Court, Beaconsfield Road, Littlehampton2
£1,40004/252.47 mi-2

Local Area Statistics

Population in BN18

13,232

Town centre distance

0.45 miles away

Nearest school

0.30 miles away

Nearest train station

0.64 miles away

 

 

Rental growth (12m)

+10%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Listed for £650,000

February 20, 2025

Floor Plans

Description

  • Unique Detached Family Home +
  • First Time To Market +
  • In Need of Full Refurbishment +
  • Triple Aspect Sitting Room +
  • Principal Bedroom with Ensuite Bathroom +
  • Kitchen & Separate Dining Room +
  • Large Wrap Around Garden +
  • Double Garage & Driveway Parking +
  • No Onward Chain +

An opportunity to purchase a FIRST TIME TO MARKET UNIQUE DETACHED HOUSE located in Arundel requiring full REFURBISHMENT and EXTENSION STP. The property is offered with NO ONWARD CHAIN. Viewings to commence from Saturday the 1st of March by appointment only

An exceptional opportunity to purchase a unique detached riverside property, requiring full refurbishment and extension potential STP. The property is nestled in the heart of Arundel’s charming town centre. This characterful home offers a triple-aspect lounge, three double bedrooms, a wrap-around garden, a double garage, and ample driveway parking.

On arrival you are welcomed by an inner porch leading through to the hallway with storage cupboard. The large triple aspect sitting room has sliding doors to the conservatory with views and access to the garden.

The kitchen is fitted with a range of base and eye level units with integrated gas hob and ovens with space and plumbing for dishwashers and washing machine. There is a separate dining room adjacent to the kitchen.

To the first floor you can find the principal suite which is dual aspect, enjoys views to the river, fitted wardrobes and an ensuite bathroom comprising a bathtub, walk-in shower, wash basin and WC. There are a further two double bedrooms and a further family shower room.

Outside there is a mature wrap around garden with a large terrace which overlooks the river. To the front of the property there is a large, gated driveway with double garage and ample parking.

Directions - From our office at 8a High Street, proceed northwards up the High Street and take the first turning left into Tarrant Street. As Tarrant Street merges into Surrey Street, continue straight where the property will be found on the left hand side.

Disclaimer - As the seller's agent we are not surveyors or conveyancing experts and as such we cannot and do not comment on the condition of the property or issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions.

Agent Details

Sims Williams, Arundel

01903 947065

Next Steps?

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