2 Bed Flat, Single Let, Arundel, BN18 9AJ, £450,000

1 CASTLE VIEW, 55 HIGH STREET, ARUNDEL, WEST SUSSEX, BN18 9AJ - 2 views - 2 months ago

Leasehold
BTL
86 m²
+5 photos

ValuationOvervalued

Sold Prices£120.2K - £690K
Sold Prices/m²£2.9K/m² - £4K/m²

 

 

Square Metres

86 m²
Price/m²£5.2K/m²

Value Estimate

£305,362

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£33,700

Total Cash In

£146,200

 

 

Cash Out

 

Rent Range

£850 - £3,000

Rent Estimate

£995

Running Costs/mo

£1,625

Cashflow/mo

£-630

Cashflow/yr

£-7,563

Gross Yield

3%

Local Sold Prices

20 sold prices from £120.2K to £690K, average is £266K. £2.9K/m² to £4K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£267K06/210.08 mi21b, High Street, Arundel, West Sussex BN18 9AD2
£455K04/210.12 miFlat 5, Tower House, London Road, Arundel, West Sussex BN18 9BH2
£690K06/230.12 miFlat 2, Tower House, London Road, Arundel, West Sussex BN18 9BH2
£245K06/230.14 miFlat 13, Martlets Court, Queen Street, Arundel, West Sussex BN18 9NZ2
£285K11/210.14 miFlat 7, Martlets Court, Queen Street, Arundel, West Sussex BN18 9NZ2
£210K07/210.14 miFlat 40, Martlets Court, Queen Street, Arundel, West Sussex BN18 9NZ2
£275K04/210.14 miFlat 33, Martlets Court, Queen Street, Arundel, West Sussex BN18 9NZ2
£350K01/210.14 miFlat 45, Martlets Court, Queen Street, Arundel, West Sussex BN18 9NZ2
£265K03/210.14 miFlat 50, Martlets Court, Queen Street, Arundel, West Sussex BN18 9NZ2
£300K01/230.14 miFlat 15, Martlets Court, Queen Street, Arundel, West Sussex BN18 9NZ2
£120.2K02/230.14 miFlat 24, Martlets Court, Queen Street, Arundel, West Sussex BN18 9NZ2
£300K06/220.14 miFlat 9, Martlets Court, Queen Street, Arundel, West Sussex BN18 9NZ2
£310K09/220.15 miFlat 19, Martlets Court, Queen Street, Arundel, West Sussex BN18 9NZ2
£245K10/230.19 miFlat 12, Caen Stone Court, Queen Street, Arundel, West Sussex BN18 9FE2
£330K09/220.21 mi8, Tarrant Wharf, Arundel, West Sussex BN18 9NY2
£225K04/220.52 mi1a, Wood View, Arundel, West Sussex BN18 9ED2
£227K05/220.69 mi13, Canada Road, Arundel, West Sussex BN18 9HZ2
£245K09/230.7 mi25, Canada Road, Arundel, West Sussex BN18 9HZ2
£230K07/220.76 mi15, Jarvis Road, Arundel, West Sussex BN18 9HS2
£250K01/230.76 mi31, Jarvis Road, Arundel, West Sussex BN18 9HS2

Local Rents

43 rents from £850/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£99512/240.01 miHigh Street, Arundel1
£1,55012/240.19 mi-3
£1,20012/240.2 miQueen Street, Arundel2
£1,60007/240.21 mi-3
£99512/240.24 miTarrant Street, Arundel1
£1,35012/240.54 mi-3
£2,95012/240.66 miBernard Road, Arundel, West Sussex, BN184
£1,59512/241.11 miThe Meadows, Crossbush3
£1,20012/241.17 mi-3
£1,95005/241.17 mi-5
£1,59512/241.17 miCrossbush Lane, Crossbush, Arundel, West Sussex, BN183
£1,15012/241.21 miChichester Road, Arundel, West Sussex, BN182
£2,40012/241.36 miLyminster4
£1,25012/241.5 miChurch Lane, Lyminster, Littlehampton, West Sussex2
£1,75012/241.54 miFontwell Meadows3
£1,67512/241.54 miFontwell4
£1,67512/241.54 miFord Road, Tortington, Arundel, West Sussex, BN183
£1,35012/241.68 miTortington Lane, Tortington3
£1,12512/241.91 miArundel Road, Poling, Arundel, West Sussex, BN182
£1,25012/242.08 miFalcon Gardens, Littlehampton2
£1,20012/242.09 miLyminster Road2
£1,85012/242.11 miBeaton Avenue Wick BN174
£1,45012/242.13 miFalcon Gardens, Wick, Littlehampton, West Sussex3
£1,29512/242.13 miLyminster Road, Wick3
£1,90012/242.17 miErnest Fitches Way, Littlehampton, BN17 7EP4
£1,20012/242.25 miBlackbourne Chase, Littlehampton, West Sussex2
£1,20012/242.29 miPepper Pot Court, 25 Blackbourne Chase, Littlehampton2
£1,20012/242.29 miKingley Gate, Littlehampton2
£2,06009/242.3 mi-2
£1,30003/252.36 mi-3
£1,60003/252.36 mi-4
£3,00012/242.36 miStation Road, Ford, Arundel, West Sussex, BN183
£1,15003/252.37 mi-2
£1,50012/242.39 mi-4
£1,50012/242.39 mi-4
£1,10012/242.4 miButts Mead, Wick, Littlehampton, West Sussex2
£1,70012/242.41 mi-4
£1,25012/242.44 miElysian Fields, Littlehampton2
£1,37512/242.44 miCheal Way, Littlehampton3
£85012/242.46 mi-2
£1,15012/242.46 miStammer Court Littlehampton2
£1,70012/242.47 miHolmes Way, Wick, Littlehampton4
£1,67512/242.47 mi-4

Local Area Statistics

Population in BN18

13,232

Town centre distance

0.31 miles away

Nearest school

0.30 miles away

Nearest train station

0.61 miles away

 

 

Rental growth (12m)

+10%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Listed for £450,000

February 20, 2025

Floor Plans

Description

  • First Floor Apartment +
  • Grand & Elegant +
  • High Ceilings +
  • Modern Decor +
  • High Spec Kitchen +
  • Two Double Bedrooms +
  • Bathroom & Separate Shower Room +
  • Underfloor Heating +
  • Castle Views +

Grade II Listed FIRST FLOOR apartment in centre of Arundel with HIGH CEILINGS and SUPERB VIEWS. The property is offered with NO ONWARD CHAIN.

An opportunity to purchase a stylish first floor apartment situated in a handsome Grade II Listed building in the centre of Arundel boasting Castle views, high ceilings and modern décor.

The property has a communal entrance, with a staircase leading to the first floor and flat entrance. The welcoming entrance hall features wooden flooring and has doors to all principle rooms. The bright and elegant open-plan kitchen/living room offers a wealth of charm with high ceilings, ornate cornicing and large sash windows over looking the High Street and Castle views.

The kitchen is finished to a high specification featuring integrated appliances including wine fridge, dishwasher, washer/dryer, electric hob, double oven and microwave together with a large American fridge/freezer and a breakfast bar.

There are two double bedrooms, both benefiting from built-in wardrobes, and one of which features access to the fire exit.

Off the hallway is a modern bathroom with an exposed brick wall and fitted with a white suite comprising bath with shower head, WC, hand wash basin and a built-in TV unit. There is a separate wet room with a large overhead shower, wash basin and an airing cupboard.

The apartment also benefits from underfloor heating throughout.

We have been informed that the lease is on the remainder of 125 years from 29/10/2013. The maintenance charge is approx. £2,625 pa. and ground rent is £250 pa.

Directions - From our office at 8a High Street, proceed up the High Street and the apartment 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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