3 Bed Bungalow, Refurb/BRRR, Chichester, PO20 0HZ, £370,000

7 York Road, Selsey, Chichester, PO20 0QE - 2 views - 2 months ago

Sold STC
Refurb/BRRR
75 m²
+10 photos

ValuationOvervalued

Sold Prices£200K - £755K
Sold Prices/m²£2.5K/m² - £8.1K/m²

 

 

Square Metres

75 m²
Price/m²£4.9K/m²

Value Estimate

£265,625

 

 

End Value (After Refurb)

£363,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£92,500

Stamp Duty & Legal Fees

£18,300

Refurb Costs

£34,516

Bridging Loan Interest

£9,713

Total Cash In

£156,779

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£363,750

Mortgage (After Refinance)

£272,813

Mortgage LTV

75%

Cash Left In

£156,779

Equity

£90,938

Rent Range

£750 - £2,250

Rent Estimate

£1,243

Running Costs/mo

£1,405

Cashflow/mo

£-162

Cashflow/yr

£-1,948

Gross Yield

4%

Local Sold Prices

50 sold prices from £200K to £755K, average is £351.5K. £2.5K/m² to £8.1K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£335.9K03/210.07 mi87, Grafton Road, Selsey, Chichester, West Sussex PO20 0JB3
£366.2K08/230.07 mi58, Grafton Road, Selsey, Chichester, West Sussex PO20 0JB3
£500K11/200.1 mi18, Woodland Road, Selsey, Chichester, West Sussex PO20 0AL3
£349K11/200.11 miCobham, Southern Road, Selsey, Chichester, West Sussex PO20 0BD3
£535K08/230.13 mi17, Ursula Avenue, Selsey, Chichester, West Sussex PO20 0HT3
£370K02/210.18 mi10, Green Lane, Selsey, Chichester, West Sussex PO20 0AQ3
£240K08/210.18 mi53, Windsor Road, Selsey, Chichester, West Sussex PO20 0AU3
£362.5K04/230.19 mi5, Canadian Crescent, Selsey, Chichester, West Sussex PO20 0UQ3
£385K11/210.19 mi26, Lawrence Close, Selsey, Chichester, West Sussex PO20 0TN3
£400K06/210.19 mi16, Lawrence Close, Selsey, Chichester, West Sussex PO20 0TN3
£475K01/230.2 mi16, Lawrence Close, Selsey, Chichester, West Sussex PO20 0TN3
£325K06/210.2 mi11, Lifeboat Way, Selsey, Chichester, West Sussex PO20 0TX3
£297.5K12/200.2 mi20, Lifeboat Way, Selsey, Chichester, West Sussex PO20 0TX3
£325K04/210.2 mi21, Lifeboat Way, Selsey, Chichester, West Sussex PO20 0TX3
£316K03/210.24 mi12, Beacon Drive, Selsey, Chichester, West Sussex PO20 0TW3
£425K05/210.25 mi1, Grove Road, Selsey, Chichester, West Sussex PO20 0AS3
£405K03/210.28 mi50, James Street, Selsey, Chichester, West Sussex PO20 0JG3
£365K04/210.28 mi30, James Street, Selsey, Chichester, West Sussex PO20 0JG3
£369.5K12/200.28 mi48, James Street, Selsey, Chichester, West Sussex PO20 0JG3
£440K03/210.29 mi20, Meadowland, Selsey, Chichester, West Sussex PO20 0LA3
£285K11/210.31 mi21, St Itha Road, Selsey, Chichester, West Sussex PO20 0AA3
£356.5K03/210.33 mi47, Sunnymead Drive, Selsey, Chichester, West Sussex PO20 0DG3
£375K05/230.34 mi14, Sunnymead Drive, Selsey, Chichester, West Sussex PO20 0DF3
£372K12/200.34 mi20, Sunnymead Drive, Selsey, Chichester, West Sussex PO20 0DF3
£372K12/200.34 mi20, Sunnymead Drive, Selsey, Chichester, West Sussex PO20 0DF3
£275K11/200.35 mi11, Sunnymead Close, Selsey, Chichester, West Sussex PO20 0DB3
£475K02/230.36 mi9, Croft Road, Selsey, Chichester, West Sussex PO20 0RL3
£400K09/210.37 mi5, Langton Close, Selsey, Chichester, West Sussex PO20 0JZ3
£375K05/210.39 mi18, Albion Road, Selsey, Chichester, West Sussex PO20 0DH3
£700K09/210.39 mi10, Danefield Road, Selsey, Chichester, West Sussex PO20 9DA3
£327K02/230.4 miMaryland, The Bridleway, Selsey, Chichester, West Sussex PO20 0RJ3
£250K06/230.42 mi53, East Street, Selsey, Chichester, West Sussex PO20 0BN3
£245K06/210.49 mi36, North Road, Selsey, Chichester, West Sussex PO20 0BW3
£275K07/210.5 mi22, Hanover Close, Selsey, Chichester, West Sussex PO20 0DT3
£226.4K08/230.52 miSummerfield, Paddock Lane, Selsey, Chichester, West Sussex PO20 9AZ3
£323.8K03/230.54 mi1, Lingfield Way, Selsey, Chichester, West Sussex PO20 0DX3
£755K11/210.56 mi49a, Clayton Road, Selsey, Chichester, West Sussex PO20 9DF3
£353K02/230.58 mi9, Kilnwood Close, Selsey, Chichester, West Sussex PO20 0HQ3
£270K11/200.58 mi10, Kilnwood Close, Selsey, Chichester, West Sussex PO20 0HQ3
£390K05/230.58 mi2, Netherton Close, Selsey, Chichester, West Sussex PO20 0BP3
£375K09/210.6 mi4, Glyn House Close, Selsey, Chichester, West Sussex PO20 0QD3
£285K03/210.6 mi11, Northfield, Selsey, Chichester, West Sussex PO20 0EA3
£270K06/210.64 mi30, Ruskin Close, Selsey, Chichester, West Sussex PO20 0TE3
£200K05/210.65 mi9, Robins Close, Selsey, Chichester, West Sussex PO20 0QX3
£350K11/220.66 mi6, Landseer Drive, Selsey, Chichester, West Sussex PO20 0EQ3
£310K12/220.67 mi10, Robins Close, Selsey, Chichester, West Sussex PO20 0QX3
£308K03/210.68 mi35, Gainsborough Drive, Selsey, Chichester, West Sussex PO20 0EL3
£347.5K02/210.68 mi54, Gainsborough Drive, Selsey, Chichester, West Sussex PO20 0EL3
£250K12/200.72 mi18, Acorn Close, Selsey, Chichester, West Sussex PO20 9HL3
£280K07/210.72 mi15, Acorn Close, Selsey, Chichester, West Sussex PO20 9HL3

Local Rents

27 rents from £750/mo to £2.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£75006/240.2 miSeal Square, Selsey, Chichester, PO201
£99502/250.23 mi-2
£89506/240.23 mi-2
£95001/250.23 mi-2
£90006/240.28 mi83 Hillfield Road, Selsey2
£1,05007/240.33 miVincent Road, Selsey2
£2,25006/240.37 miSelsey4
£89512/240.39 mi-2
£1,40006/240.41 miKingsway, Selsey, Chichester, PO203
£1,35007/240.41 miEast Street, Selsey, PO203
£1,65007/240.48 miNorth Road, Selsey, Chichester, PO204
£1,10006/240.5 miNorth Road, Selsey, Chichester2
£1,35007/240.5 miHanover Close Selsey PO203
£1,35007/240.5 miHanover Close, Selsey PO203
£1,35012/240.5 miHanover Close, Selsey PO203
£1,50006/240.51 miManor Road Selsey PO203
£1,80007/240.51 miManor Road Selsey PO204
£1,00006/240.51 miManor Road, PO201
£79506/240.51 mi-1
£97507/240.52 miVision House Lewis Road Selsey West Sussex2
£1,25006/240.56 mi2 bedroom Semi Detached Bungalow in Selsey2
£1,50006/240.72 miWellington Gardens, Selsey4
£1,59507/240.81 miBeach Road, Selsey, PO205
£80012/240.93 mi-2
£1,35007/241.1 miTownsend Drive, Selsey, PO202
£1,25006/241.15 miJodrell Place, Selsey, Chichester, PO202
£1,50006/241.23 miPark Lane, Selsey, Chichester3

Local Area Statistics

Population in PO20

32,437

Population in Chichester

75,877

Town centre distance

7.70 miles away

Nearest school

0.50 miles away

Nearest train station

6.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £370,000

February 21, 2025

Floor Plans

Description

  • Detached bungalow in popular location to the South of Selsey +
  • Three bedrooms +
  • Living/dining room +
  • Westerly facing rear garden +
  • Driveway for several cars & garage with vehicle access to the garden +
  • No onward chain +
  • Gas heating & double glazing +
  • Modernisation required +

Situated in the sought-after location to the South of Selsey, this detached bungalow presents an exciting opportunity for those seeking a property with great potential. Boasting three bedrooms, this home offers ample living space with an extended living/dining room.

The bedrooms offer comfortable retreats for rest and relaxation, each providing a peaceful setting for unwinding at the end of the day. The property benefits from a westerly facing rear garden, ideal for enjoying the afternoon sun and creating a tranquil outdoor oasis. For those with multiple vehicles, the convenience of a driveway for several cars and a garage with vehicle access to the garden ensures that parking will never be a concern, offering additional storage space for bikes, tools, or other belongings.

The property is offered with no onward chain, making it an attractive proposition for those looking to move quickly. For added comfort and convenience, gas heating and double glazing are installed throughout the property. While the property boasts many desirable features, it is worth noting that some modernisation is required, offering the perfect opportunity for a new owner to put their stamp on the property and create a personalised living space that reflects their own style and preferences
EPC Rating: D Covered Entrance With double glazed door opening to:- Entrance Porch With part glazed door opening to:- Entrance Hall Doors to all principal rooms. Living/Dining Room (4.44m x 6.36m) maximum measurements. Kitchen (2.11m x 2.97m) Bedroom One (3.1m x 3.92m) Built-in wardrobes. Bedroom Two (2.84m x 3.15m) Currently used as a dining room. Bedroom Three (2.14m x 3.1m) Wet Room Shower and wash hand basin. Cloakroom Wash hand basin and w/c. Front Garden Laid to lawn. Rear Garden Patio laid seating area to both the rear and side, rest laid to lawn with flower and shrub borders, rockery, fish pond, side access to front. Parking - Driveway Providing off road parking for 3 cars and leading to:- Parking - Garage 5.45m x 2.64m with up and over door to front and barn style door to rear, light and power.

Agent Details

Henry Adams, Selsey

01243 973398

Next Steps?

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