2 Bed Terraced House, Refurb/BRRR, Chichester, PO19 7NF, £250,000

Adelaide Road, Chichester, PO19 7NF - 4 views - 2 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 1%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£210K - £735.8K
Sold Prices/m²£3.3K/m² - £9.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£250,000

 

 

End Value (After Refurb)

£279,165

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£31,600

Bridging Loan Interest

£6,563

Total Cash In

£111,113

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£279,165

Mortgage (After Refinance)

£209,373

Mortgage LTV

75%

Cash Released

£21,873

Cash Left In

£89,239

Equity

£69,791

Rent Range

£995 - £1,450

Rent Estimate

£1,238

Running Costs/mo

£1,140

Cashflow/mo

£98

Cashflow/yr

£1,176

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £210K to £735.8K, average is £357.1K. £3.3K/m² to £9.8K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£240K03/210.02 mi76, Adelaide Road, Chichester, West Sussex PO19 7NQ2
£356.1K03/210.06 mi32, Melbourne Road, Chichester, West Sussex PO19 7ND2
£280K01/210.07 mi13, Melbourne Road, Chichester, West Sussex PO19 7NE2
£210K11/200.08 mi61, Melbourne Road, Chichester, West Sussex PO19 7JZ2
£215K10/210.09 mi15, Berkeley Mews, Chichester, West Sussex PO19 7WS2
£425K03/210.12 mi46, Spitalfield Lane, Chichester, West Sussex PO19 6SH2
£405K06/210.18 mi18, Green Lane, Chichester, West Sussex PO19 7NS2
£378K11/220.2 mi53, Bishopsgate Walk, Chichester, West Sussex PO19 6FQ2
£345K03/240.2 mi54, Bishopsgate Walk, Chichester, West Sussex PO19 6FQ2
£298K09/210.24 mi9, Oving Road, Chichester, West Sussex PO19 7EG2
£443K04/210.24 mi50, The Hornet, Chichester, West Sussex PO19 7JJ2
£330K03/210.24 mi1, Russell Street, Chichester, West Sussex PO19 7EL2
£520K11/220.29 mi31, Franklin Place, Chichester, West Sussex PO19 1BL2
£225K06/230.29 mi33, Farndell Close, Chichester, West Sussex PO19 7HB2
£650K03/210.31 mi28, Little London, Chichester, West Sussex PO19 1PB2
£417.5K03/240.32 mi12, Franklin Place, Chichester, West Sussex PO19 1BL2
£570K12/200.32 mi38, Franklin Place, Chichester, West Sussex PO19 1BL2
£445K10/200.32 mi37, Franklin Place, Chichester, West Sussex PO19 1BL2
£400K02/210.32 mi36, Franklin Place, Chichester, West Sussex PO19 1BL2
£450K11/230.32 mi9, Franklin Place, Chichester, West Sussex PO19 1BL2
£360K02/230.32 mi40, Franklin Place, Chichester, West Sussex PO19 1BL2
£300K02/210.33 mi3, St James Road, Chichester, West Sussex PO19 7HS2
£350K02/230.33 mi15, St James Road, Chichester, West Sussex PO19 7HS2
£350K12/200.34 mi58b, Pound Farm Road, Chichester, West Sussex PO19 7PU2
£735.8K03/210.35 mi8a, St Martins Square, Chichester, West Sussex PO19 1NR2
£290K02/210.36 mi36, St James Square, Chichester, West Sussex PO19 7HX2
£645K11/200.36 mi5a, St Martins Square, Chichester, West Sussex PO19 1NT2
£372K04/230.36 mi20, Winden Avenue, Chichester, West Sussex PO19 7UZ2
£305K11/200.36 mi4, Winden Avenue, Chichester, West Sussex PO19 7UZ2
£345K03/210.36 mi22, Winden Avenue, Chichester, West Sussex PO19 7UZ2
£377.5K03/240.37 mi4, Priory Lane, Chichester, West Sussex PO19 1NL2
£300K10/200.4 mi130, Bognor Road, Chichester, West Sussex PO19 7TQ2
£430K11/200.41 mi16, Whyke Lane, Chichester, West Sussex PO19 7US2
£286K10/200.41 mi57, Cambrai Avenue, Chichester, West Sussex PO19 7UU2
£440K12/220.41 mi5a, Northgate, Chichester, West Sussex PO19 1BA2
£385K02/210.42 mi24, Caledonian Road, Chichester, West Sussex PO19 7PH2
£380K06/210.42 mi23, Caledonian Road, Chichester, West Sussex PO19 7PH2
£415K01/210.42 mi18, Caledonian Road, Chichester, West Sussex PO19 7PH2
£305K06/210.42 mi23, North Walls, Chichester, West Sussex PO19 1BY2
£317.5K04/230.42 mi24, North Walls, Chichester, West Sussex PO19 1BY2
£396K02/210.42 mi5a, Northgate, Chichester, West Sussex PO19 1BA2
£262.5K06/210.42 mi99, Victoria Road, Chichester, West Sussex PO19 7HZ2
£277K06/210.42 mi5, Florence Road, Chichester, West Sussex PO19 7PZ2
£303K11/200.43 mi37, Victoria Road, Chichester, West Sussex PO19 7HY2
£315K06/230.44 mi23, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£319K06/210.44 mi24, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£358K10/230.44 mi48, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£361K06/230.44 mi17, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£350K04/240.44 mi20, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£445K08/230.46 mi17, Cleveland Road, Chichester, West Sussex PO19 7AF2

Local Rents

50 rents from £995/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,39505/240.06 mi-2
£1,20008/240.08 miMelbourne Road, Chichester2
£1,19512/240.09 mi-2
£1,20007/240.17 miLennox Road, Chichester2
£1,29507/240.18 miJubilee Road, Chichester PO192
£1,25007/240.19 miSt. Agnes Place Chichester PO192
£1,35006/240.2 mi-2
£1,15006/240.2 mi-2
£1,15007/240.21 miSt. Agnes Place, Chichester2
£1,25008/240.21 miSt Agnes Place Chichester PO192
£1,10007/240.21 miSt Pancras, Chichester2
£1,25007/240.21 miSt Agnes Place Chichester PO192
£1,20012/240.22 mi-2
£1,19506/240.22 mi-2
£1,19506/240.22 mi-2
£1,19506/240.22 mi-2
£1,25007/240.23 miBewick Gardens, Chichester2
£1,19506/240.23 mi-2
£1,29506/240.23 miUnicorn House, Eastgate Square, Chichester, PO192
£1,40008/240.23 miUnicorn House, Eastgate Square, Chichester, PO192
£1,19507/240.24 mi-2
£99506/240.24 miOving Road, Chichester2
£1,20008/240.24 miSt Agnes Place, Chichester2
£1,20007/240.25 miBewick Gardens Chichester PO192
£1,12506/240.25 mi-2
£1,35008/240.25 mi2 bedroom Terraced House in Chichester2
£1,35008/240.25 mi2 bedroom property in Chichester2
£1,10006/240.25 miBewick Gardens, Chichester, PO192
£1,25007/240.26 mi-2
£1,25006/240.26 miBewick Gardens, Chichester, PO192
£1,20006/240.26 miPrice House, Chichester, West Sussex2
£1,10007/240.26 miBewick Gardens, Chichester, PO192
£1,25007/240.26 miGordon House, Chichester2
£1,22506/240.26 mi-2
£1,17506/240.26 mi-2
£1,17505/240.26 mi-2
£1,05006/240.26 miVelyn Avenue, Chichester2
£1,30007/240.27 miStride Close, Chichester, West Sussex, PO192
£1,15009/240.28 miVelyn Avenue, Chichester PO192
£1,35008/240.28 miFranklin Place, Chichester2
£1,15009/240.28 miStride Close, Chichester2
£1,40007/240.29 miOving Road, Chichester2
£1,20007/240.3 miEast Walls, Chichester2
£1,40008/240.3 miUnicorn House, Eastgate Square, Chichester, PO192
£1,45007/240.3 miOving Road, Chichester2
£1,35007/240.34 miSt James, Chichester2
£1,30007/240.34 miEast Street, Chichester, PO192
£1,25008/240.35 miPeregrine Court Swanfield Drive PO192
£1,25007/240.36 miSt James` Square, Chichester2
£1,45007/240.36 miSt. Johns Street, Chichester2

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.51 miles away

Nearest school

0.30 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £250,000

February 20, 2025

Floor Plans

Description

  • Sold via Secure online bidding +
  • Immediate 'Exchange of Contracts' available +
  • Mid terrace Victorian house +
  • In need of updating and restoration +
  • Charm and character features +
  • Modern kitchen +
  • Two double bedrooms +
  • Family bathroom +
  • Private rear garden +
  • Residents' permit parking +

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £250,000 Situated within Chichester Adelaide Road is a mid-terrace Victorian house, that needs resorting back to its former glory, retaining its original charm and character while incorporating modern updates to enhance comfort and functionality. This period property is arranged over two floors. On the ground floor there is a hallway leading through to a living & dining room, with a modern kitchen that is fitted with integrated appliances. On the first floor there are two double bedrooms and a good-sized family bathroom. The kitchen has a door leading out to a private garden with an outside storage cupboard and shed. Chichester District Council - 24/25 Tax Band C £1,977.87 EPC-D Directions - From Eastgate circulatory system in Chichester proceed east along St Pancras for about 1/3 mile. Turn left into Adelaide Road and No 46 is on the right after Kent Road.what3words - monday.become.lately Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.  This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.  The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.  The property is being sold via a transparent online auction.  In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.  Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.  A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A nonrefundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.  Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

EPC Rating: D Parking - Permit H2 Residents' Permit Only obtained from Chichester District Council

Agent Details

Henry Adams, Chichester

01243 973395

Next Steps?

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