3 Bed Semi-Detached House, Refurb/BRRR, Chichester, PO20 8PS, £450,000

Church Road, West Wittering, West Sussex, PO20 8PS - 3 views - 2 months ago

Leasehold
Refurb/BRRR
ROI: 1%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£270K - £1.6M
Sold Prices/m²£3.2K/m² - £10.5K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£417,146

 

 

End Value (After Refurb)

£450,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£42,800

Bridging Loan Interest

£11,813

Total Cash In

£193,563

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£450,000

Mortgage (After Refinance)

£337,500

Mortgage LTV

75%

Cash Left In

£193,563

Equity

£112,500

Rent Range

£850 - £6,950

Rent Estimate

£2,011

Running Costs/mo

£1,828

Cashflow/mo

£183

Cashflow/yr

£2,191

ROI

1%

Gross Yield

5%

Local Sold Prices

42 sold prices from £270K to £1.6M, average is £432.5K. £3.2K/m² to £10.5K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£480K03/210 miMill Cottage, 11, Church Road, East Wittering, Chichester, West Sussex PO20 8PS3
£352K03/210.06 mi4, Mill Gardens, East Wittering, Chichester, West Sussex PO20 8PR3
£550K08/230.14 mi19, Harrow Drive, West Wittering, Chichester, West Sussex PO20 8EJ3
£500K01/230.16 mi10, Barn Road, East Wittering, Chichester, West Sussex PO20 8NL3
£320K11/200.21 mi6, Ascot Close, West Wittering, Chichester, West Sussex PO20 8HW3
£480K07/230.23 mi4, Windsor Drive, West Wittering, Chichester, West Sussex PO20 8EG3
£405K02/210.23 mi17, Wessex Avenue, East Wittering, Chichester, West Sussex PO20 8NP3
£450K05/210.24 mi14, Oakfield Avenue, East Wittering, Chichester, West Sussex PO20 8BU3
£420K11/220.25 mi4, Cambridge Avenue, West Wittering, Chichester, West Sussex PO20 8NE3
£445K05/230.28 mi22, Cakeham Way, West Wittering, Chichester, West Sussex PO20 8EQ3
£440K03/210.29 mi23, Solent Road, East Wittering, Chichester, West Sussex PO20 8DJ3
£524K04/210.29 mi20, Seafield Close, East Wittering, Chichester, West Sussex PO20 8DP3
£675K01/210.31 miSeascape, 43a, Shore Road, East Wittering, Chichester, West Sussex PO20 8DY3
£670K03/210.32 mi24, Seafield Close, East Wittering, Chichester, West Sussex PO20 8DP3
£370K06/230.32 mi22, The Crescent, West Wittering, Chichester, West Sussex PO20 8EE3
£295K03/210.33 mi108, Stocks Lane, East Wittering, Chichester, West Sussex PO20 8NR3
£270K11/200.33 mi66, Stocks Lane, East Wittering, Chichester, West Sussex PO20 8NR3
£358K01/210.33 mi53, Russell Road, West Wittering, Chichester, West Sussex PO20 8EF3
£820K01/230.34 mi48, Shore Road, East Wittering, Chichester, West Sussex PO20 8DZ3
£775K01/210.4 miClandon, 8, Coney Six, East Wittering, Chichester, West Sussex PO20 8DL3
£365K04/230.42 mi136, Stocks Lane, East Wittering, Chichester, West Sussex PO20 8NT3
£374.9K11/200.45 miAshurst, Peerley Road, East Wittering, Chichester, West Sussex PO20 8DW3
£1.6M03/230.58 mi71, Marine Drive, West Wittering, Chichester, West Sussex PO20 8HQ3
£565K02/230.6 mi43, Legion Way, East Wittering, Chichester, West Sussex PO20 8PP3
£295K09/210.6 mi35, Kestrel Close, East Wittering, Chichester, West Sussex PO20 8PQ3
£295K11/200.6 mi21, Kestrel Close, East Wittering, Chichester, West Sussex PO20 8PQ3
£290K04/230.63 mi15, Plover Close, East Wittering, Chichester, West Sussex PO20 8PW3
£275K10/200.63 mi19, Plover Close, East Wittering, Chichester, West Sussex PO20 8PW3
£390K06/210.64 miMaverhurst, Bracklesham Lane, Bracklesham Bay, Chichester, West Sussex PO20 8JA3
£570K08/210.67 mi4, Elm Close, Bracklesham Bay, Chichester, West Sussex PO20 8HY3
£1.2M12/200.68 miBeach Lodge, West Bracklesham Drive, Bracklesham Bay, Chichester, West Sussex PO20 8PH3
£625K08/210.7 mi12, Elm Close, Bracklesham Bay, Chichester, West Sussex PO20 8HY3
£450K01/230.72 mi18, Elm Close, Bracklesham Bay, Chichester, West Sussex PO20 8HY3
£500K06/230.75 mi11, Pond Road, Bracklesham Bay, Chichester, West Sussex PO20 8HR3
£385K01/210.75 miAvondale, Beech Avenue, Bracklesham Bay, Chichester, West Sussex PO20 8HU3
£462K02/210.81 miHermes, Farm Road, Bracklesham Bay, Chichester, West Sussex PO20 8JU3
£465K12/200.9 miHolmslea, East Bracklesham Drive, Bracklesham Bay, Chichester, West Sussex PO20 8JH3
£375K05/230.97 mi3, Wilton Close, Bracklesham Bay, Chichester, West Sussex PO20 8QY3
£375K12/200.98 mi29, Woodborough Close, Bracklesham Bay, Chichester, West Sussex PO20 8UA3
£425K11/220.98 mi5, Wilton Close, Bracklesham Bay, Chichester, West Sussex PO20 8QY3
£400K05/230.99 mi3, Third Avenue, Bracklesham Bay, Chichester, West Sussex PO20 8JL3
£325K11/200.99 mi3, Third Avenue, Bracklesham Bay, Chichester, West Sussex PO20 8JL3

Local Rents

45 rents from £850/mo to £7K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,75007/240 miChurch Road East Wittering PO203
£1,10007/240.11 miHarrow Drive, East Wittering2
£1,40006/240.16 miSandpiper Walk, West Wittering3
£1,07506/240.18 miSandlands Point, East Wittering2
£1,05012/240.31 miEast Wittering1
£1,30007/240.33 miStocks Lane PO20 3
£1,60006/240.33 miShore Road, East Wittering3
£91506/240.49 mi-2
£1,15002/250.56 mi-2
£1,00012/240.64 mi-2
£1,00007/240.65 miCormorant Way, Chichester2
£2,20007/240.65 miHoneys, Bracklesham Bay3
£1,50007/240.71 miCharlie Drive, Bracklesham Bay, Chichester, PO202
£1,20006/240.83 miWillow Way, Bracklesham Bay, Chichester2
£2,90001/250.97 mi-4
£3,25004/251.1 mi-4
£1,39512/241.11 miAxford Close, Bracklesham Bay, Chichester, PO202
£3,00007/241.11 miWest Wittering, Chichester, PO204
£3,00012/241.11 mi-4
£3,50003/251.11 mi-4
£1,15006/241.18 miTide Way, Bracklesham Bay2
£1,45007/241.18 miTide Way Bracklesham Bay PO203
£1,30012/241.21 mi-2
£1,30007/241.21 miHayward Place, Bracklesham Bay, Chichester, PO202
£1,15007/241.21 miTide Way, Bracklesham Bay, Chichester2
£2,75006/241.26 miRoyce Close, West Wittering4
£2,49506/241.27 miMiddlefield, West Wittering, Chichester, PO203
£2,49507/241.28 miThe Wad, West Wittering, Chichester, PO203
£2,20007/241.32 miEast Bracklesham Drive, Bracklesham Bay3
£85004/251.54 mi-1
£3,00007/241.82 miThe Spinney, Itchenor, PO203
£1,65004/251.88 mi-2
£2,25007/241.93 miBatchmere4
£2,32510/242.05 mi-4
£2,50004/252.05 mi-4
£4,50007/242.19 miWestlands Lane, Birdham, PO204
£6,95007/242.21 miSpinney Lane, Itchenor, Chichester West Sussex, PO205
£1,35006/242.27 miHillands Farm Annex, Batchmere Road, Chichester, West Sussex2
£1,27506/242.31 miKewells Corner, Birdham2
£1,40006/242.33 miWalwyn Close, Chichester, PO203
£1,40012/242.33 mi-3
£2,00006/242.36 miOrchard Lane, Itchenor, Chichester, West Sussex, PO204
£2,95007/242.39 miCherry Lane Birdham PO204
£1,00003/252.43 mi-1
£1,85007/242.45 miThe Street, Itchenor, Chichester, West Sussex, PO204

Local Area Statistics

Population in PO20

32,437

Population in Chichester

75,877

Town centre distance

5.99 miles away

Nearest school

0.10 miles away

Nearest train station

5.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £450,000

February 24, 2025

Floor Plans

Description

  • Semi Detached House +
  • Three Bedrooms +
  • Close to the Village & East Wittering School +
  • In Need of Modernisation Throughout +
  • Large Plot with Front & Rear Gardens +
  • Detached Garage +

Set on a generous plot, this three bedroom semi-detached house offers an exciting opportunity for modernisation, extension, or redevelopment (subject to the necessary consents). With a total accommodation size of 1,118 sq ft, the property is in need of significant updating but provides a fantastic foundation for those looking to create their ideal home.

The ground floor comprises two well proportioned reception rooms, a kitchen, and a cloakroom. Upstairs, the first floor hosts three bedrooms and a family bathroom.

Outside, the property boasts a substantial front and rear garden, along with a large driveway providing ample off road parking. A detached garage, in need of repair, adds further scope for development or storage.

Situated close to East Wittering village and within easy reach of local schools, this home offers both convenience and potential. Offered with no onward chain, this is a fantastic opportunity for those looking for a project in a sought after location.

Please note that we are informed that the central heating is not currently operational.

LOCATION
East Wittering village centre is within a short stroll and offers a comprehensive range of amenities including a primary school, doctors surgery, chemist, dentist and a wide selection of quality independent shops and mini supermarkets. West Wittering beach is approximately two miles to the west as is popular for its `Blue Flag` sandy beaches and the famous National Trust Reserve of East Head, there is access to beautiful walks over the sand dunes and stunning views across The Solent to the Nab Tower and Isle of Wight.

Agents Note
We understand that the gas central central heating system is not currently working, however a modern boiler is in situ.

Entrance Hall

Sitting Room - 12'2" (3.71m) x 11'0" (3.35m)

Dining Room - 11'2" (3.4m) x 10'11" (3.33m)

Kitchen - 13'0" (3.96m) x 7'8" (2.34m)

Cloakroom

Bedroom 1 - 12'3" (3.73m) x 11'2" (3.4m)

Bedroom 2 - 10'10" (3.3m) x 9'6" (2.9m)

Bedroom 3 - 9'4" (2.84m) x 8'0" (2.44m)

Bathroom

Garage - 15'5" (4.7m) x 8'10" (2.69m)

what3words /// stirs.cheeses.lifeguard

Notice
Disclaimer Notice: Astons of Sussex for themselves and the VENDORS or Lessors of this property, whose agents they are, give notice that 1) these particulars are produced in good faith, are set out as a guide only and do not constitute any part of a contract. 2) No person in the employment of Astons of Sussex has any authority to make or give representation or warranty in respect of this property, 3) Any prospective purchaser or tenant must independently verify the accuracy of each statement through inspection, professional survey, or other means of due diligence. 4) Photographs may include lifestyle shots and local views. There may also be photographs including chattels not included in the sale of the property. 5) Measurements, maps and illustrations given are approximate and should not be relied upon and are for guidance only. 6) The services, system and appliances have not been tested and no guarantee as to their operability or efficiency can be given by Astons of Sussex Ltd. 7) The statements contained within these particulars shall not be construed as representations of fact or relied upon as such. 8) Any information regarding the tenure and charges for the property has been supplied by the seller and is subject to change. All leasehold information will be formally confirmed by the seller`s solicitor during the conveyancing process.

Agent Details

Astons of Sussex, East Wittering

020 3835 6097

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