2 Bed Flat, Single Let, Bognor Regis, PO22 9LX, £180,000

Gordon Avenue, Bognor Regis, West Sussex, PO22 9LX - 23 days ago

Leasehold
BTL
ROI: 3%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£55K - £358K
Sold Prices/m²£1.6K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£193,329
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Rent Range

£850 - £1,400

Rent Estimate

£869

Running Costs/mo

£756

Cashflow/mo

£113

Cashflow/yr

£1,352

ROI

3%

Gross Yield

6%

Local Sold Prices

49 sold prices from £55K to £358K, average is £160K. £1.6K/m² to £3.6K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£165K03/210.14 mi8, Highfield Gardens, Bognor Regis, West Sussex PO22 8PA2
£175K02/230.14 mi13, Highfield Gardens, Bognor Regis, West Sussex PO22 8PA2
£152.5K10/220.15 mi21, Highfield Gardens, Bognor Regis, West Sussex PO22 8PA2
£129K03/210.16 mi11, Carlingford Court, Bognor Regis, West Sussex PO21 2EN2
£160K11/200.16 mi12, Carlingford Court, Bognor Regis, West Sussex PO21 2EN2
£200K07/230.16 mi31, Carlingford Court, Bognor Regis, West Sussex PO21 2EN2
£180K12/230.16 mi3, Carlingford Court, Bognor Regis, West Sussex PO21 2EN2
£243.5K02/230.17 miGround Floor Flat, 59, Annandale Avenue, Bognor Regis, West Sussex PO21 2ET2
£115K11/200.2 mi11, Carlingford Court, Bognor Regis, West Sussex PO21 2EN2
£137.5K03/210.24 miFlat 27, Melanies Gardens, Mead Lane, Bognor Regis, West Sussex PO21 1LS2
£225K12/220.28 mi4 Spencer Terrace, 45, Upper Bognor Road, Bognor Regis, West Sussex PO21 1HS2
£240K04/240.28 mi9 Spencer Terrace, 47, Upper Bognor Road, Bognor Regis, West Sussex PO21 1HS2
£220K07/210.31 mi45, Annandale Avenue, Bognor Regis, West Sussex PO21 2ES2
£97.5K10/200.37 miFlat 2, Orchard Court, Orchard Way, Bognor Regis, West Sussex PO22 9LP2
£135K01/210.38 miFlat 5, Glamis Court, Glamis Street, Bognor Regis, West Sussex PO21 1DR2
£170K11/200.4 mi39b, Linden Road, Bognor Regis, West Sussex PO21 2AP2
£190K07/240.41 miThe Hawthorns, Flat 15, Linden Road, Bognor Regis, West Sussex PO21 2AS2
£120K12/220.45 mi15, Sudley Gardens, Bognor Regis, West Sussex PO21 1HY2
£135K03/210.45 mi23, Sudley Gardens, Bognor Regis, West Sussex PO21 1HY2
£160K11/210.45 mi12, Sudley Gardens, Bognor Regis, West Sussex PO21 1HY2
£223K12/230.47 miFlat 19, Arran Gate, Marian Way, Bognor Regis, West Sussex PO21 1PD2
£192K12/200.47 mi2, Parklands Avenue, Bognor Regis, West Sussex PO21 2BA2
£142.5K05/210.48 miFlat 12, Regis Court, High Street, Bognor Regis, West Sussex PO21 1HZ2
£153K11/200.48 miFlat 18, Regis Court, High Street, Bognor Regis, West Sussex PO21 1HZ2
£176K12/200.49 miFlat 2, Fraser Court, High Street, Bognor Regis, West Sussex PO21 1HG2
£160K12/220.49 miFlat 2, Regis Court, High Street, Bognor Regis, West Sussex PO21 1HZ2
£130K12/220.51 miFlat 44, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2
£127K11/200.52 miFlat 8, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2
£110K09/230.52 miFlat 12, Claremont Court, Campbell Road, Bognor Regis, West Sussex PO21 1HD2
£180K09/230.55 mi8, Carousel Court, Bognor Regis, West Sussex PO22 9NB2
£147K10/200.55 mi25, Carousel Court, Bognor Regis, West Sussex PO22 9NB2
£205K09/210.56 miFlat 1, Sabey Court, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£200K12/230.57 miSabey Court, Flat 5, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£230K02/240.57 miSabey Court, Flat 1, Albert Road, Bognor Regis, West Sussex PO21 1LU2
£105K01/240.58 miFlat 41, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£70K12/200.58 miFlat 42, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£110K10/230.58 miFlat 8, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£105K02/210.58 miFlat 55, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£95K08/210.58 miFlat 8, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£55K09/230.58 miFlat 66, Sovereign Court, Campbell Road, Bognor Regis, West Sussex PO21 1AH2
£175K11/210.59 miFlat 6, Sutherland Court, Sutherland Close, Bognor Regis, West Sussex PO21 1DX2
£198K12/220.6 mi3a, Oak Close, Bognor Regis, West Sussex PO22 9JW2
£230K07/210.61 mi10a, Walton Road, Bognor Regis, West Sussex PO21 1NS2
£175K10/210.61 miFlat 1, Walton Court, Walton Avenue, Bognor Regis, West Sussex PO21 1NP2
£215K01/230.62 mi1, Steyne Street, Bognor Regis, West Sussex PO21 1TJ2
£150K11/210.63 miFlat 70, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ2
£120K12/200.63 miFlat 2, Seaward Court, West Street, Bognor Regis, West Sussex PO21 1XJ2
£358K10/210.63 mi47, Hazel Road, Bognor Regis, West Sussex PO22 9ED2
£245K08/230.63 miFlat 22, Kings Court, The Esplanade, Bognor Regis, West Sussex PO21 1NZ2

Local Rents

52 rents from £850/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15006/240.09 mi-2
£1,10002/250.16 mi-2
£1,40006/240.16 miParkside, Upper Bognor Road, Bognor Regis, PO212
£99506/240.16 miCarlingford Court, Bognor Regis2
£1,10006/240.16 miCarlingford Court2
£1,20008/240.16 miHighfield Gardens, Bognor Regis, West Sussex, PO222
£1,15007/240.16 miBersted Street, Bognor Regis, West Sussex, PO222
£1,15007/240.18 miSouthdown Court, Bersted Street, Bognor Regis, PO222
£1,10006/240.19 miBersted Street, BOGNOR REGIS2
£1,15007/240.19 miBersted Street, BOGNOR REGIS2
£99506/240.21 miOakwood Court, Victoria Drive, Bognor Regis, PO212
£1,10006/240.22 miHenry Street, Bognor Regis, PO212
£97502/250.22 mi-2
£1,29508/240.23 miShripney Road, Bognor Regis2
£1,30007/240.25 miBognor Regis2
£1,20008/240.26 miMead Lane, Bognor Regis, PO222
£1,05007/240.26 miLongford Road, Bognor Regis, West Sussex, PO212
£1,05007/240.29 miEssex Road, BOGNOR REGIS2
£97507/240.31 miLongford Road, BOGNOR REGIS2
£1,15006/240.32 miEssex Road, Bognor Regis, PO212
£1,25007/240.34 miVictoria Drive, Bognor Regis, West Sussex, PO212
£1,00007/240.34 miHills Court, Bognor Regis, PO212
£1,00002/250.34 mi-2
£99512/240.35 mi-2
£1,25002/250.36 mi-2
£1,15007/240.38 mi-2
£1,15007/240.38 mi-2
£89507/240.39 miLinden Road, Bognor Regis, PO212
£87506/240.39 mi-2
£89502/250.39 mi-2
£85006/240.4 mi-2
£97506/240.4 miRegis House, Richmond Road, Bognor Regis, PO212
£1,20006/240.42 miLyon Street, Bognor Regis2
£1,02502/250.43 mi-2
£1,30006/240.43 miChestnut Grove, BOGNOR REGIS2
£1,19506/240.44 miSudley Gardens, Bognor Regis2
£1,09506/240.44 mi-2
£1,09506/240.44 mi-2
£99506/240.45 miGlamis Street, Bognor Regis, PO212
£1,05007/240.45 miCanada Grove, Bognor Regis, PO212
£1,00006/240.45 miSudley Gardens, Bognor Regis, West Sussex, PO212
£1,25007/240.45 miSudley Gardens, Bognor Regis, PO21 1HY2
£1,15006/240.47 miMerchant Street, Bognor Regis2
£95007/240.48 miBurnham Avenue, Bognor Regis, PO212
£92502/250.48 mi-2
£1,00006/240.49 miBurnham Avenue, BOGNOR REGIS2
£1,00006/240.49 miRegis Court, Bognor Regis2
£1,20007/240.5 miSudley Road, Bognor Regis, West Sussex, PO212
£1,30003/250.5 mi-2
£1,27507/240.53 miHigh Street, Bognor Regis2
£97507/240.53 miFitzleet House Queensway BOGNOR REGIS West Sussex2
£92507/240.53 miFitzleet House Queensway BOGNOR REGIS West Sussex2

Local Area Statistics

Population in PO22

28,866

Population in Bognor Regis

68,380

Town centre distance

0.19 miles away

Nearest school

0.30 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £180,000

February 21, 2025

Floor Plans

Description

  • Attractive Older Style First Floor Flat +
  • Communal Entrance, Entrance +
  • Spacious First Floor Landing +
  • Lounge, Kitchen/Dining Room +
  • Two Bedrooms, White Bathroom/WC +
  • Gas Heating, Double Glazing +
  • Parking Space +
  • Council Tax - Band A +
  • Convenient to Both Station & Town +
  • Viewing Recommended, Sole Agents +

An attractive older style TWO BEDROOM converted flat the benefit of gas heating by radiators, double glazed windows and laminate wood effect flooring There is an allocated parking space together with a long lease of over 900 years that remain together with a recently re-tiled roof. Viewing Recommended.

The property is well positioned being just a short stroll to the town centre with its range of shopping facilities, railway station, library, cinema and buses service to surrounding areas. There is also the sea front with promenade which stretches from West Bognor Regis to Felpham.

Agent Details

Joe Graham Property Sales, Bognor Regis

01243 973054

Next Steps?

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