3 Bed Detached House, Refurb/BRRR, Bognor Regis, PO22 6LJ, £650,000

Elmer Road, Elmer, Bognor Regis, PO22 6LJ - a month ago

Refurb/BRRR
~93 m²
+35 photos

ValuationOvervalued

Sold Prices£222K - £758.3K
Sold Prices/m²£2.4K/m² - £6.4K/m²

 

 

Square Metres

~93 m²
Price/m²£7K/m²

Value Estimate

£360,000

 

 

End Value (After Refurb)

£514,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£43,401

Bridging Loan Interest

£17,063

Total Cash In

£265,413

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£514,750

Mortgage (After Refinance)

£386,063

Mortgage LTV

75%

Cash Left In

£265,413

Equity

£128,688

Rent Range

£100 - £3,250

Rent Estimate

£1,371

Running Costs/mo

£1,903

Cashflow/mo

£-532

Cashflow/yr

£-6,382

Gross Yield

3%

Local Sold Prices

42 sold prices from £222K to £758.3K, average is £353.5K. £2.4K/m² to £6.4K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£395K06/210.05 mi9, Lane End Road, Bognor Regis, West Sussex PO22 6LL3
£360K06/210.1 mi17, Lodge Close, Bognor Regis, West Sussex PO22 6NF3
£567.5K05/230.12 mi50, Southdean Close, Bognor Regis, West Sussex PO22 7TH3
£310K11/200.13 mi7a, Main Drive, Bognor Regis, West Sussex PO22 7TN3
£350K01/210.13 mi5, Lodge Close, Bognor Regis, West Sussex PO22 6NF3
£325K05/210.14 mi3, North Avenue, Bognor Regis, West Sussex PO22 6HF3
£315K02/230.15 mi22, Lane End Road, Bognor Regis, West Sussex PO22 6LT3
£265K10/200.19 mi3, Douglas Close, Bognor Regis, West Sussex PO22 7UE3
£415K02/240.21 mi3, Kingsmead Road, Bognor Regis, West Sussex PO22 6NE3
£370K07/230.21 mi1, Kingsmead Road, Bognor Regis, West Sussex PO22 6NE3
£379.9K05/210.21 mi3, Kingsmead Road, Bognor Regis, West Sussex PO22 6NE3
£310K03/210.22 mi7, Alfred Close, Bognor Regis, West Sussex PO22 7UF3
£675K04/230.24 mi5, Southdean Drive, Bognor Regis, West Sussex PO22 7TA3
£325K07/230.25 mi5, Lucking Lane, Bognor Regis, West Sussex PO22 6HP3
£365K06/230.25 mi24, Lucking Lane, Bognor Regis, West Sussex PO22 6HP3
£375K07/210.27 mi23, Sunnymead Close, Bognor Regis, West Sussex PO22 6LS3
£240K05/230.27 mi12, Sunnymead Close, Bognor Regis, West Sussex PO22 6LS3
£469K05/230.3 mi8, Norfolk Way, Bognor Regis, West Sussex PO22 6JF3
£375K12/200.36 mi2, Hampden Close, Bognor Regis, West Sussex PO22 7SN3
£405K08/210.36 mi7, Hampden Close, Bognor Regis, West Sussex PO22 7SN3
£365K11/220.37 mi3, Manor Way, Elmer, Bognor Regis, West Sussex PO22 6LA3
£758.3K11/210.39 mi12, Harefield Road, Bognor Regis, West Sussex PO22 6EB3
£485K02/210.42 mi12, Beaconsfield Close, Bognor Regis, West Sussex PO22 7SH3
£650K12/220.47 miElm Tree Cottage, Yapton Road, Middleton On Sea, Bognor Regis, West Sussex PO22 6DX3
£415K09/230.49 miRiseley Cottage, Yapton Road, Middleton On Sea, Bognor Regis, West Sussex PO22 6DX3
£515K02/240.54 miBox Cottage, Sundale Lane, Bognor Regis, West Sussex PO22 6DS3
£450K06/210.55 mi18, Sea Way, Elmer, Bognor Regis, West Sussex PO22 6JY3
£308.5K07/230.63 mi39, Ilex Way, Middleton On Sea, Bognor Regis, West Sussex PO22 6PE3
£297K04/210.66 mi47, Ilex Way, Bognor Regis, West Sussex PO22 6PN3
£325K06/230.68 mi58, Silver Birch Drive, Bognor Regis, West Sussex PO22 6SJ3
£275K01/210.73 mi2, Marlowe Close, Bognor Regis, West Sussex PO22 6RZ3
£287.5K05/230.78 mi14, Templars Close, Bognor Regis, West Sussex PO22 6RU3
£222K11/200.8 mi26, Merlin Way, Bognor Regis, West Sussex PO22 6RN3
£240K11/200.82 mi8, Montgomery Drive, Bognor Regis, West Sussex PO22 6RE3
£264.7K05/210.82 mi9, Montgomery Drive, Bognor Regis, West Sussex PO22 6RS3
£295K09/230.82 mi9, Montgomery Drive, Bognor Regis, West Sussex PO22 6RS3
£295K03/240.86 mi22, Kynon Gardens, Bognor Regis, West Sussex PO22 6RF3
£257.5K09/210.88 mi7, Baldwin Close, Bognor Regis, West Sussex PO22 6RQ3
£425K12/210.91 mi105, Flansham Park, Bognor Regis, West Sussex PO22 6RD3
£357K09/210.93 mi11, Leverton Avenue, Bognor Regis, West Sussex PO22 7RA3
£230K12/200.95 mi69, Flansham Park, Bognor Regis, West Sussex PO22 6QN3
£275K12/230.95 mi29, Pulborough Way, Bognor Regis, West Sussex PO22 6QR3

Local Rents

50 rents from £100/mo to £3.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£10006/240.07 miElmer Road, Bognor Regis1
£97507/240.07 miElmer Road, BOGNOR REGIS2
£1,20012/240.18 mi-2
£1,20007/240.21 miAlfred Close, Bognor Regis2
£2,75008/240.22 miElmer Road, Elmer4
£1,89506/240.22 miAncton Close, Elmer, Bognor Regis, PO223
£92506/240.22 mi154-160 Elmer Road, Bognor Regis, PO221
£1,19507/240.33 miHarefield Gardens, Middleton on Sea2
£82502/250.34 mi-2
£89502/250.34 mi-2
£1,00007/240.48 miSea Close, Bognor Regis1
£95008/240.48 miSea Close Bognor Regis PO221
£2,75006/240.52 mi7 Sea Way, Elmer, Bognor Regis, PO22 6JX3
£3,25006/240.53 miAncton Way, Bognor Regis4
£95007/240.55 miMiddleton-on-Sea, Bognor Regis, PO221
£1,59507/240.57 miJuniper Close, Middleton-On-Sea3
£3,25006/240.58 miAncton Way, Elmer, Bognor Regis, PO224
£1,25007/240.6 miSilver Birch Drive, Middleton On Sea, Bognor Regis, PO222
£1,20007/240.6 miSilver Birch Drive, Middleton On Sea, Bognor Regis, PO222
£85006/240.64 miSatinwood Close, Middleton-On-Sea, PO221
£1,22508/240.68 miMiddleton-On-Sea2
£1,20007/240.88 miBaldwin Close, Bognor Regis2
£1,25008/240.91 miHenfield Way, Bognor Regis, PO222
£1,25008/240.92 miHenfield Way, Felpham, Bognor Regis, PO222
£1,55001/250.94 mi-3
£1,30007/241.01 miFindon Drive, PO223
£2,99508/241.03 miCrossbush Road, Felpham, Bognor Regis, PO224
£1,15007/241.14 miFittleworth Drive, BOGNOR REGIS2
£1,80006/241.26 miNorthwyke Road, BOGNOR REGIS3
£1,20009/241.27 miSloe Gardens, Felpham2
£1,10007/241.28 miNorthwyke Close, Bognor Regis2
£1,10007/241.28 miNorthwyke Close, Bognor Regis2
£1,70007/241.33 miThistle Copse Felpham PO223
£1,85006/241.36 miBlackthorn Avenue, Felpham4
£1,29506/241.37 miSouthview Road, Bognor Regis, PO222
£87506/241.42 miFelpham Way, Felpham2
£1,45007/241.43 miBlackberry Copse, Felpham3
£1,29506/241.46 miSummerley Point, Summerley Lane, Felpham, PO222
£2,50006/241.5 miThe Beach House5
£1,40006/241.52 miHaywards Close, Bognor Regis, PO223
£1,60009/241.53 miOuterwyke Road, Bognor Regis3
£87508/241.54 miBroomfield Way, Felpham, Bognor Regis, PO221
£68407/241.58 miBroom Field Way, Bognor Regis, PO221
£69906/241.58 mi-1
£70006/241.58 mi-1
£69601/241.58 mi-1
£85007/241.58 miMeaden Way, Felpham, Bognor Regis, West Sussex, PO221
£95007/241.63 miOuterwyke Road, Felpham2
£1,60005/241.63 mi-2
£1,40007/241.64 miGlynde Crescent, Bognor Regis, West Sussex, PO222

Local Area Statistics

Population in PO22

28,866

Population in Bognor Regis

68,380

Town centre distance

2.86 miles away

Nearest school

1.10 miles away

Nearest train station

2.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-14%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £650,000

February 21, 2025

Floor Plans

Description

  • Immaculately Presented Detached House +
  • High Specification Renovation Undertaken by the Current Owner +
  • Fantastic Size Open Plan Style Kitchen / Dining / Living Room with Underfloor Heating Throughout +
  • Master Suite with Bath, En-Suite Shower Room and Separate Dressing Area with Sink +
  • Bedroom Two with En-Suite Shower Room +
  • Downstairs Bedroom and Family Bathroom +
  • Additional Utility Room +
  • Integrated Speaker System and Remote Controlled Windows and Blinds Throughout +
  • Secluded Rear Garden with Outdoor Shower and Sauna. There is also a Pergola, Bar, Greenhouse and an Integrated Outdoor Stone Counter with Sink +
  • Driveway Providing Off Road Parking for Several Vehicles +

Stunning Detached Home in Sought-After Elmer – Impeccably Presented An exceptional opportunity to acquire this beautifully renovated detached home, positioned in the highly desirable village of Elmer. Thoughtfully upgraded by the current owners to the highest standard, this property seamlessly blends modern luxury with practical living. Upon entering, a spacious porch leads into an impressive open-plan kitchen, lounge, and dining area, extending an impressive 36ft. The high-spec kitchen is complete with integrated appliances, while skylights flood the space with natural light. Two sets of bifold doors create a seamless indoor-outdoor living experience. Additional ground-floor features include a utility area, a family bathroom, and a versatile bedroom/study. The first floor hosts two generously sized bedrooms. The luxurious master suite is bright and airy, featuring a freestanding bath, an en-suite shower room, bespoke oak dresser and built in wardrobes with ample storage. The second bedroom also benefits from an en-suite shower room and ample space. Further highlights of the property include aluminium double glazing, gas-fired central heating with underfloor heating throughout, built-in Bluetooth-controlled speakers, and remote-controlled smart electric windows and blinds. A large external storage area with access from both the front and rear adds practicality. The landscaped rear garden is designed as a private retreat, featuring a shower space, a sauna, and an undercover dining area—perfect for relaxation and entertaining. A small linear greenhouse is concealed to the rear boundary. To the front, a private driveway provides ample off-road parking for multiple vehicles. This exceptional home offers a perfect blend of style, comfort, and modern convenience in a sought-after location. Viewing is highly recommended.

EPC Rating: G

Agent Details

Whitlocks Estate Agents, Bognor Regis

01243 262747

Next Steps?

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