2 Bed Flat, Single Let, Bognor Regis, PO21 2QA, £225,000

1 Marine Court, Marine Drive West, Bognor Regis, West Sussex, PO21 2QA - 23 days ago

Leasehold

BTL

82 m²

+7 photos

ValuationUndervalued

Sold Prices	£110K - £367K
Sold Prices/m²	£1.5K/m² - £6K/m²

Square Metres	82 m²
Price/m²	£2.7K/m²
Value Estimate	£238,084£238,084
BMV	6%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£56,250£56,250
Stamp Duty & Legal Fees	£7,950£7,950
Total Cash In	£64,200£64,200

Cash Out
Rent Range	£850 - £2,500£850 - £2,500
Rent Estimate	£893
Running Costs/mo	£902£902
Cashflow/mo	£-9£-9
Cashflow/yr	£-108£-108
Gross Yield	5%5%

Local Sold Prices

49 sold prices from £110K to £367K, average is £192K. £1.5K/m² to £6K/m², average is £2.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£184K	11/20	0.04 mi	Flat 8, Elizabeth Court, Park Terrace, Bognor Regis, West Sussex PO21 2NH	-	-	2	Flat
£180K	12/21	0.13 mi	68, Rock Gardens, Bognor Regis, West Sussex PO21 2LF	£4,737	38	2	Flat
£245K	11/23	0.13 mi	58, Rock Gardens, Bognor Regis, West Sussex PO21 2LF	£3,443	71	2	Flat
£280K	12/22	0.15 mi	Flat 38, Marine Park, Nyewood Lane, Bognor Regis, West Sussex PO21 2QN	-	-	2	Flat
£215K	04/21	0.15 mi	Flat 11, Marine Park, Nyewood Lane, Bognor Regis, West Sussex PO21 2QN	-	-	2	Flat
£367K	12/20	0.18 mi	2, Norfolk Place, Bognor Regis, West Sussex PO21 1XF	-	-	2	Flat
£190K	11/20	0.19 mi	Flat 1, Clarehaven Court, Wessex Avenue, Bognor Regis, West Sussex PO21 2QW	-	-	2	Flat
£210K	02/23	0.19 mi	Flat 3, Red Ridges, Kings Parade, Bognor Regis, West Sussex PO21 2TS	-	-	2	Flat
£235K	06/21	0.22 mi	121, Aldwick Road, Bognor Regis, West Sussex PO21 2NY	£3,368	70	2	Flat
£205K	08/23	0.22 mi	Flat 8, Harrington House, Nyewood Lane, Bognor Regis, West Sussex PO21 2UG	-	-	2	Flat
£230K	01/21	0.27 mi	Flat 5, Swansea House, West Street, Bognor Regis, West Sussex PO21 1XH	£2,644	87	2	Flat
£180K	03/21	0.28 mi	Flat 4, Barklye House, Sylvan Way, Bognor Regis, West Sussex PO21 2RS	-	-	2	Flat
£245K	07/23	0.33 mi	Flat 5, Steyne Hall, The Steyne, Bognor Regis, West Sussex PO21 1TX	£5,976	41	2	Flat
£152K	05/21	0.34 mi	Flat 1, Arlington Mews, Scott Street, Bognor Regis, West Sussex PO21 1FE	-	-	2	Flat
£170K	02/21	0.36 mi	Flat 12, Courtfield House, Hambledon Place, Bognor Regis, West Sussex PO21 2NF	-	-	2	Flat
£170K	06/21	0.36 mi	Flat 2, Gothic House, The Steyne, Bognor Regis, West Sussex PO21 1TP	£1,518	112	2	Flat
£140K	06/21	0.37 mi	3, Manor Place, Bognor Regis, West Sussex PO21 1TB	£2,443	57	2	Flat
£210K	09/21	0.4 mi	100, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ	£3,333	63	2	Flat
£110K	06/23	0.4 mi	10, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ	£1,746	63	2	Flat
£175K	11/21	0.4 mi	Flat 6, Sutherland Court, Sutherland Close, Bognor Regis, West Sussex PO21 1DX	-	-	2	Flat
£215K	01/23	0.4 mi	1, Steyne Street, Bognor Regis, West Sussex PO21 1TJ	£2,986	72	2	Flat
£150K	11/21	0.42 mi	Flat 70, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ	-	-	2	Flat
£120K	12/20	0.42 mi	Flat 2, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ	-	-	2	Flat
£365K	06/23	0.43 mi	6, Burngreave Court, Bognor Regis, West Sussex PO21 2TZ	£3,767	97	2	Flat
£182K	05/23	0.47 mi	42, Kyoto Court, Bognor Regis, West Sussex PO21 2UL	£2,844	64	2	Flat
£140K	03/21	0.47 mi	66, Kyoto Court, Bognor Regis, West Sussex PO21 2UL	£2,222	63	2	Flat
£120K	04/21	0.47 mi	10, Kyoto Court, Bognor Regis, West Sussex PO21 2UJ	£1,905	63	2	Flat
£160K	06/21	0.52 mi	Flat 24, Gilwynes Court, Gilwynes, Bognor Regis, West Sussex PO21 3SQ	-	-	2	Flat
£310K	03/23	0.56 mi	Flat 71, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW	-	-	2	Flat
£196K	06/21	0.56 mi	Flat 57, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW	-	-	2	Flat
£185K	11/20	0.56 mi	Flat 56, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW	-	-	2	Flat
£250K	08/23	0.56 mi	Flat 76, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JW	-	-	2	Flat
£235K	07/24	0.57 mi	Mountbatten Court, Flat 27, Belmont Street, Bognor Regis, West Sussex PO21 1JN	£3,531	67	2	Flat
£170K	11/20	0.57 mi	39b, Linden Road, Bognor Regis, West Sussex PO21 2AP	£1,717	99	2	Flat
£190K	07/24	0.58 mi	The Hawthorns, Flat 15, Linden Road, Bognor Regis, West Sussex PO21 2AS	£2,866	66	2	Flat
£192K	12/20	0.59 mi	2, Parklands Avenue, Bognor Regis, West Sussex PO21 2BA	£2,811	68	2	Flat
£200K	03/21	0.59 mi	Flat 2, Mountbatten Court, Belmont Street, Bognor Regis, West Sussex PO21 1JN	-	-	2	Flat
£218K	10/21	0.69 mi	Flat 12, Trotyn Croft, Aldwick Felds, Bognor Regis, West Sussex PO21 3TX	-	-	2	Flat
£220K	07/21	0.69 mi	45, Annandale Avenue, Bognor Regis, West Sussex PO21 2ES	-	-	2	Flat
£162K	09/23	0.7 mi	6a, Waverley Road, Bognor Regis, West Sussex PO21 5NB	-	-	2	Flat
£355K	06/23	0.72 mi	Flat 25, Berkeley Court, The Esplanade, Bognor Regis, West Sussex PO21 1LX	-	-	2	Flat
£330K	09/21	0.72 mi	Flat 20, Berkeley Court, The Esplanade, Bognor Regis, West Sussex PO21 1LX	-	-	2	Flat
£135K	01/21	0.76 mi	Flat 5, Glamis Court, Glamis Street, Bognor Regis, West Sussex PO21 1DR	-	-	2	Flat
£200K	12/23	0.77 mi	Sabey Court, Flat 5, Albert Road, Bognor Regis, West Sussex PO21 1LU	£2,941	68	2	Flat
£230K	02/24	0.77 mi	Sabey Court, Flat 1, Albert Road, Bognor Regis, West Sussex PO21 1LU	£3,333	69	2	Flat
£205K	09/21	0.78 mi	Flat 1, Sabey Court, Albert Road, Bognor Regis, West Sussex PO21 1LU	-	-	2	Flat
£127K	11/20	0.79 mi	Flat 8, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD	-	-	2	Flat
£110K	09/23	0.79 mi	Flat 12, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD	-	-	2	Flat
£130K	12/22	0.8 mi	Flat 44, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD	-	-	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,400	07/24	0.04 mi	Park Terrace, BOGNOR REGIS	2	Flat
£1,300	06/24	0.05 mi	Park Terrace, Bognor Regis	2	Flat
£1,200	06/24	0.06 mi	Park Road Bognor Regis PO21	2	Flat
£1,100	06/24	0.07 mi	Park Road, Bognor Regis, West Sussex, PO21	2	Flat
£1,450	06/24	0.07 mi	Victoria Road South, Bognor Regis, PO21	2	Flat
£1,200	06/24	0.08 mi	Marine Park, Nyewood Lane, Bognor Regis, PO21	2	Flat
£1,735	02/25	0.09 mi	-	2	Flat
£1,100	06/24	0.09 mi	Aldwick Road, BOGNOR REGIS	2	Flat
£1,100	07/24	0.09 mi	Aldwick Road Bognor Regis PO21	2	Flat
£1,300	07/24	0.13 mi	Marine Parade Aldwick Bognor Regis West Sussex	2	Terraced House
£1,250	06/24	0.15 mi	Princess Avenue, Aldwick, Bognor Regis, PO21	2	Flat
£1,250	06/24	0.15 mi	Wood Street, Bognor Regis, West Sussex, PO21	2	Terraced House
£1,200	07/24	0.17 mi	Nyewood Place, Bognor Regis, PO21	2	Terraced House
£1,050	06/24	0.2 mi	Norfolk Square, Bognor Regis	2	Flat
£1,200	06/24	0.2 mi	Grafton, Norfolk Square, Bognor Regis, PO21	2	Flat
£1,170	12/24	0.23 mi	-	2	Flat
£1,075	07/24	0.25 mi	Richmond Avenue, Bognor Regis, West Sussex, PO21	2	Flat
£945	06/24	0.29 mi	Cavendish Road, Bognor Regis	2	Flat
£2,500	11/24	0.31 mi	-	2	Flat
£1,295	07/24	0.31 mi	Royal Hotel, The Esplanade, Bognor Regis, PO21	2	Flat
£1,100	07/24	0.31 mi	West Street, Bognor Regis, West Sussex	2	Flat
£950	01/25	0.33 mi	-	2	Flat
£1,450	06/24	0.36 mi	The Esplanade Bognor Regis PO21	2	Flat
£1,100	07/24	0.36 mi	The Steyne, PO21	2	Flat
£950	07/24	0.37 mi	Manor Place, Bognor Regis	2	Flat
£1,200	06/24	0.41 mi	Steyne Street, Bognor Regis, West Sussex, PO21	2	Flat
£1,000	06/24	0.49 mi	Burnham Avenue, BOGNOR REGIS	2	Flat
£925	02/25	0.5 mi	-	2	Flat
£950	07/24	0.5 mi	Burnham Avenue, Bognor Regis, PO21	2	Flat
£925	07/24	0.51 mi	Fitzleet House Queensway BOGNOR REGIS West Sussex	2	Flat
£975	07/24	0.51 mi	Fitzleet House Queensway BOGNOR REGIS West Sussex	2	Flat
£1,250	07/24	0.52 mi	Eversley Court, Aldwick Avenue, Bognor Regis, PO21	2	Flat
£1,495	06/24	0.53 mi	Eversley Court, Aldwick Avenue, Bognor Regis, PO21	2	Flat
£1,150	06/24	0.53 mi	Merchant Street, Bognor Regis	2	Terraced House
£1,600	07/24	0.54 mi	Aldwick	2	Flat
£1,050	07/24	0.54 mi	Canada Grove, Bognor Regis, PO21	2	Flat
£1,250	06/24	0.56 mi	Belmont Street, Bognor Regis, PO21 1JW	2	Flat
£850	06/24	0.59 mi	-	2	Flat
£875	06/24	0.59 mi	-	2	Flat
£895	02/25	0.59 mi	-	2	Flat
£895	07/24	0.59 mi	Linden Road, Bognor Regis, PO21	2	Flat
£975	06/24	0.61 mi	Regis House, Richmond Road, Bognor Regis, PO21	2	Flat
£1,100	06/24	0.62 mi	London Road, Bognor Regis	2	Flat

Local Area Statistics

Population in PO21	39,50939,509
Population in Bognor Regis	68,38068,380
Town centre distance	0.79 miles away0.79 miles away
Nearest school	0.70 miles away0.70 miles away
Nearest train station	0.63 miles away0.63 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+28%+28%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £225,000

February 20, 2025

Floor Plans

Description

Ground Floor Seafront Apartment +
Lounge/Diner with Full-Width Windows +
Modern Kitchen +
2 Bedrooms +
Bathroom +
uPVC Double Glazing and Gas Central Heating +
Allocated Parking Space +
Offered with NO FORWARD CHAIN +
Remainder of a 999 Year Lease and Share of Freehold +
Front Terrace/Patio +

Nestled along the picturesque Marine Drive West in Bognor Regis, this charming purpose-built Apartment offers a delightful coastal living experience. Spanning an inviting 487 square feet, the property features a light and airy Lounge/Diner with direct sea views, that serves as the heart of the home, perfect for relaxation or entertaining guests.

The Apartment comprises 2 Bedrooms, providing ample space for a small family or individuals seeking a serene retreat. The Bathroom is conveniently located, ensuring ease of access for all residents. Built in the 1970's, this property combines classic design with modern functionality, making it an appealing choice for those looking to settle in a vibrant seaside community.

One of the notable advantages of this flat is the allocated parking space, a valuable asset in this desirable location, along with the Front Garden and Patio offering views out to sea. Residents can enjoy the nearby amenities and the beautiful beach, which is just a short stroll away, offering a perfect blend of leisure and convenience.

This property is ideal for first-time buyers, investors, or anyone wishing to embrace the coastal lifestyle that Bognor Regis has to offer. With its prime location and comfortable living spaces, this Apartment presents an excellent opportunity to create a lovely home by the sea.

PLEASE NOTE - All dimensions are approximate and are quoted for guidance only. Any floor plans shown are intended to be a general guide to the layout of the property, they are not drawn to scale, and should not be used as a definitive plan. The position of windows, doors and fittings may vary from those shown. References to appliances and/or services do not imply they are in working order or fit for the purpose. Please have your solicitor confirm the freehold/leasehold status, the position regarding fixtures/fittings and the position regarding planning approval/building regulations where a property has been extended.

Agent Details

Farndell Estate Agents, Bognor Regis

01243 217445

Next Steps?

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