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

Adelaide Road, Chichester, West Sussex, PO19 7NF - 5 views - 2 months ago

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

ValuationUndervalued

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

£257,500
BMV3%

 

 

End Value (After Refurb)

£284,643

Uplift in Value

+14%

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

£284,643

Mortgage (After Refinance)

£213,482

Mortgage LTV

75%

Cash Released

£25,982

Cash Left In

£85,130

Equity

£71,161

Rent Range

£995 - £1,450

Rent Estimate

£1,242

Running Costs/mo

£1,158

Cashflow/mo

£84

Cashflow/yr

£1,009

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £210K to £735.8K, average is £359K. £3.3K/m² to £9.8K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£240K03/210.04 mi76, Adelaide Road, Chichester, West Sussex PO19 7NQ2
£356.1K03/210.11 mi32, Melbourne Road, Chichester, West Sussex PO19 7ND2
£280K01/210.12 mi13, Melbourne Road, Chichester, West Sussex PO19 7NE2
£215K10/210.13 mi15, Berkeley Mews, Chichester, West Sussex PO19 7WS2
£210K11/200.14 mi61, Melbourne Road, Chichester, West Sussex PO19 7JZ2
£425K03/210.17 mi46, Spitalfield Lane, Chichester, West Sussex PO19 6SH2
£405K06/210.18 mi18, Green Lane, Chichester, West Sussex PO19 7NS2
£443K04/210.19 mi50, The Hornet, Chichester, West Sussex PO19 7JJ2
£378K11/220.2 mi53, Bishopsgate Walk, Chichester, West Sussex PO19 6FQ2
£345K03/240.2 mi54, Bishopsgate Walk, Chichester, West Sussex PO19 6FQ2
£298K09/210.22 mi9, Oving Road, Chichester, West Sussex PO19 7EG2
£330K03/210.25 mi1, Russell Street, Chichester, West Sussex PO19 7EL2
£650K03/210.26 mi28, Little London, Chichester, West Sussex PO19 1PB2
£520K11/220.27 mi31, Franklin Place, Chichester, West Sussex PO19 1BL2
£417.5K03/240.3 mi12, Franklin Place, Chichester, West Sussex PO19 1BL2
£570K12/200.3 mi38, Franklin Place, Chichester, West Sussex PO19 1BL2
£445K10/200.3 mi37, Franklin Place, Chichester, West Sussex PO19 1BL2
£400K02/210.3 mi36, Franklin Place, Chichester, West Sussex PO19 1BL2
£450K11/230.3 mi9, Franklin Place, Chichester, West Sussex PO19 1BL2
£360K02/230.3 mi40, Franklin Place, Chichester, West Sussex PO19 1BL2
£735.8K03/210.32 mi8a, St Martins Square, Chichester, West Sussex PO19 1NR2
£645K11/200.33 mi5a, St Martins Square, Chichester, West Sussex PO19 1NT2
£372K04/230.33 mi20, Winden Avenue, Chichester, West Sussex PO19 7UZ2
£305K11/200.33 mi4, Winden Avenue, Chichester, West Sussex PO19 7UZ2
£345K03/210.33 mi22, Winden Avenue, Chichester, West Sussex PO19 7UZ2
£350K12/200.33 mi58b, Pound Farm Road, Chichester, West Sussex PO19 7PU2
£225K06/230.33 mi33, Farndell Close, Chichester, West Sussex PO19 7HB2
£377.5K03/240.34 mi4, Priory Lane, Chichester, West Sussex PO19 1NL2
£300K02/210.34 mi3, St James Road, Chichester, West Sussex PO19 7HS2
£350K02/230.34 mi15, St James Road, Chichester, West Sussex PO19 7HS2
£430K11/200.36 mi16, Whyke Lane, Chichester, West Sussex PO19 7US2
£385K02/210.37 mi24, Caledonian Road, Chichester, West Sussex PO19 7PH2
£380K06/210.37 mi23, Caledonian Road, Chichester, West Sussex PO19 7PH2
£415K01/210.37 mi18, Caledonian Road, Chichester, West Sussex PO19 7PH2
£286K10/200.37 mi57, Cambrai Avenue, Chichester, West Sussex PO19 7UU2
£300K10/200.38 mi130, Bognor Road, Chichester, West Sussex PO19 7TQ2
£290K02/210.39 mi36, St James Square, Chichester, West Sussex PO19 7HX2
£305K06/210.39 mi23, North Walls, Chichester, West Sussex PO19 1BY2
£317.5K04/230.39 mi24, North Walls, Chichester, West Sussex PO19 1BY2
£440K12/220.39 mi5a, Northgate, Chichester, West Sussex PO19 1BA2
£396K02/210.4 mi5a, Northgate, Chichester, West Sussex PO19 1BA2
£315K06/230.4 mi23, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£319K06/210.4 mi24, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£358K10/230.4 mi48, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£361K06/230.4 mi17, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£350K04/240.4 mi20, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£490K09/230.42 mi8, Stirling Road, Chichester, West Sussex PO19 7DJ2
£277K06/210.43 mi5, Florence Road, Chichester, West Sussex PO19 7PZ2
£445K08/230.43 mi17, Cleveland Road, Chichester, West Sussex PO19 7AF2
£262.5K06/210.44 mi99, Victoria Road, Chichester, West Sussex PO19 7HZ2

Local Rents

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

RentDateDistanceAddressBeds 
£1,19512/240.09 mi-2
£1,39505/240.1 mi-2
£1,20008/240.13 miMelbourne Road, Chichester2
£1,25007/240.15 miSt. Agnes Place Chichester PO192
£1,35006/240.15 mi-2
£1,10007/240.16 miSt Pancras, Chichester2
£1,15006/240.16 mi-2
£1,25007/240.17 miSt Agnes Place Chichester PO192
£1,29507/240.17 miJubilee Road, Chichester PO192
£1,15007/240.18 miSt. Agnes Place, Chichester2
£1,25008/240.18 miSt Agnes Place Chichester PO192
£1,29506/240.18 miUnicorn House, Eastgate Square, Chichester, PO192
£1,40008/240.18 miUnicorn House, Eastgate Square, Chichester, PO192
£1,20008/240.19 miSt Agnes Place, Chichester2
£1,25007/240.21 miGordon House, Chichester2
£1,22506/240.22 mi-2
£1,17506/240.22 mi-2
£1,17505/240.22 mi-2
£1,05006/240.22 miVelyn Avenue, Chichester2
£1,20007/240.22 miLennox Road, Chichester2
£99506/240.22 miOving Road, Chichester2
£1,15009/240.23 miVelyn Avenue, Chichester PO192
£1,20006/240.23 miPrice House, Chichester, West Sussex2
£1,20007/240.25 miEast Walls, Chichester2
£1,40008/240.25 miUnicorn House, Eastgate Square, Chichester, PO192
£1,35008/240.26 mi2 bedroom Terraced House in Chichester2
£1,35008/240.26 mi2 bedroom property in Chichester2
£1,35008/240.27 miFranklin Place, Chichester2
£1,20012/240.27 mi-2
£1,19506/240.27 mi-2
£1,19506/240.27 mi-2
£1,19506/240.27 mi-2
£1,25007/240.27 miBewick Gardens, Chichester2
£1,19506/240.28 mi-2
£1,30007/240.28 miStride Close, Chichester, West Sussex, PO192
£1,19507/240.29 mi-2
£1,40007/240.29 miOving Road, Chichester2
£1,30007/240.3 miEast Street, Chichester, PO192
£1,15009/240.3 miStride Close, Chichester2
£1,20007/240.3 miBewick Gardens Chichester PO192
£1,45007/240.3 miOving Road, Chichester2
£1,12506/240.3 mi-2
£1,10006/240.3 miBewick Gardens, Chichester, PO192
£1,25007/240.31 mi-2
£1,25006/240.31 miBewick Gardens, Chichester, PO192
£1,10007/240.31 miBewick Gardens, Chichester, PO192
£1,45007/240.31 miSt. Johns Street, Chichester2
£1,39506/240.32 miEast Street, Chichester2
£1,30006/240.32 miEast Street, Chichester2
£1,35006/240.33 miEast Street, Chichester2

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.47 miles away

Nearest school

0.30 miles away

Nearest train station

0.72 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

  • Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
  • Mid terrace Victorian house +
  • Charm and character features +
  • Two double bedrooms +
  • Private rear garden +
  • In need of updating and restoration +
  • Modern kitchen +
  • Family bathroom +

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

Council Tax Band: C
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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