2 Bed Semi-Detached House, Refurb/BRRR, Littlehampton, BN16 1ES, £385,000

12 Lashmar Road, East Preston, Littlehampton, BN16 1ES - 2 views - 2 months ago

Refurb/BRRR
78 m²
+11 photos

ValuationOvervalued

Sold Prices£260K - £528K
Sold Prices/m²£4K/m² - £7.9K/m²

 

 

Square Metres

78 m²
Price/m²£4.9K/m²

Value Estimate

£358,982

 

 

End Value (After Refurb)

£383,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£96,250

Stamp Duty & Legal Fees

£27,200

Refurb Costs

£36,690

Bridging Loan Interest

£10,106

Total Cash In

£171,996

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£383,250

Mortgage (After Refinance)

£287,438

Mortgage LTV

75%

Cash Left In

£171,996

Equity

£95,813

Rent Range

£1,195 - £2,200

Rent Estimate

£1,421

Running Costs/mo

£1,502

Cashflow/mo

£-81

Cashflow/yr

£-970

Gross Yield

4%

Local Sold Prices

50 sold prices from £260K to £528K, average is £365K. £4K/m² to £7.9K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£385K02/230.07 mi20, Lashmar Road, East Preston, Littlehampton, West Sussex BN16 1EY2
£270K12/220.14 mi45, Roundstone Crescent, East Preston, Littlehampton, West Sussex BN16 1DQ2
£340K11/230.15 mi28, Orchard Road, East Preston, Littlehampton, West Sussex BN16 1RB2
£325K02/210.15 mi34, Orchard Road, East Preston, Littlehampton, West Sussex BN16 1RB2
£410K06/230.15 mi22, Orchard Road, East Preston, Littlehampton, West Sussex BN16 1RB2
£417K12/220.15 mi34, Orchard Road, East Preston, Littlehampton, West Sussex BN16 1RB2
£350K11/200.17 miBeverley, Montpelier Road, East Preston, Littlehampton, West Sussex BN16 1JY2
£525K10/230.17 miOld Kingsbury, Montpelier Road, East Preston, Littlehampton, West Sussex BN16 1JY2
£480K04/210.2 mi6, Bay Trees Close, East Preston, Littlehampton, West Sussex BN16 1JQ2
£267.5K02/210.21 mi57, Warren Crescent, East Preston, Littlehampton, West Sussex BN16 1BL2
£329.9K07/210.22 mi23, Warren Crescent, East Preston, Littlehampton, West Sussex BN16 1BJ2
£525K06/210.23 miForge Site, The Street, East Preston, Littlehampton, West Sussex BN16 1HT2
£378K01/210.24 mi61, Lavinia Way, East Preston, Littlehampton, West Sussex BN16 1EF2
£385K04/210.24 mi39, Lavinia Way, East Preston, Littlehampton, West Sussex BN16 1EF2
£470K02/210.24 mi8, Vermont Way, East Preston, Littlehampton, West Sussex BN16 1JX2
£505K01/230.24 mi14, Vermont Way, East Preston, Littlehampton, West Sussex BN16 1JX2
£525K09/230.24 mi3, Vermont Way, East Preston, Littlehampton, West Sussex BN16 1JX2
£275K08/230.24 mi36, Sea Road, East Preston, Littlehampton, West Sussex BN16 1JP2
£320K07/230.25 mi52, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AG2
£365K08/230.25 mi40, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AG2
£413K01/230.25 mi5, Warren Crescent, East Preston, Littlehampton, West Sussex BN16 1BH2
£400K10/220.25 mi44, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AG2
£335K12/200.26 mi4, Warren Crescent, East Preston, Littlehampton, West Sussex BN16 1BH2
£488K12/200.28 mi15, The Plantation, East Preston, Littlehampton, West Sussex BN16 1LD2
£288K11/200.28 mi31, North Lane, East Preston, Littlehampton, West Sussex BN16 1BN2
£320K03/210.28 miFlat 6, Preston Hall, The Street, East Preston, Littlehampton, West Sussex BN16 1HU2
£363K02/230.29 mi15, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AQ2
£265K03/210.29 mi35, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AQ2
£282K01/210.29 mi73, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AQ2
£290K02/210.29 mi75, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AQ2
£260K11/220.29 mi5, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AQ2
£385K01/230.29 mi79, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AQ2
£280K05/210.29 mi53, Ashurst Way, East Preston, Littlehampton, West Sussex BN16 1AQ2
£505K12/230.29 mi15, Hazelmead Drive, East Preston, Littlehampton, West Sussex BN16 1LE2
£360K11/220.31 mi40, Ambersham Crescent, East Preston, Littlehampton, West Sussex BN16 1AH2
£528K06/210.34 mi7, Brou Close, East Preston, Littlehampton, West Sussex BN16 1DB2
£480K06/210.34 mi2, Vermont Drive, East Preston, Littlehampton, West Sussex BN16 1JU2
£440K07/230.34 mi12, Russells Close, East Preston, Littlehampton, West Sussex BN16 1BP2
£278.5K11/200.34 mi6, Russells Close, East Preston, Littlehampton, West Sussex BN16 1BP2
£401.5K08/210.34 mi15, Russells Close, East Preston, Littlehampton, West Sussex BN16 1BP2
£370K12/220.35 mi17, Ambersham Crescent, East Preston, Littlehampton, West Sussex BN16 1AJ2
£332K05/210.36 mi76, Lavinia Way, East Preston, Littlehampton, West Sussex BN16 1DD2
£450K06/230.36 mi23, Worthing Road, East Preston, Littlehampton, West Sussex BN16 1AT2
£355K05/230.4 mi14, Old Worthing Road, East Preston, Littlehampton, West Sussex BN16 1DZ2
£325K02/210.4 mi5, Boundary Way, East Preston, Littlehampton, West Sussex BN16 1BU2
£425K03/210.42 mi56, Vermont Drive, East Preston, Littlehampton, West Sussex BN16 1LG2
£365K03/210.42 mi31, Vermont Drive, East Preston, Littlehampton, West Sussex BN16 1LG2
£322K09/230.44 mi26, Saxon Close, East Preston, Littlehampton, West Sussex BN16 1DX2
£295K12/200.44 mi21, Downs Way, East Preston, Littlehampton, West Sussex BN16 1AA2
£415K06/230.45 mi26, Russells Close, East Preston, Littlehampton, West Sussex BN16 1BT2

Local Rents

12 rents from £1.2K/mo to £2.2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,50012/240.27 miThe Street, East Preston, West Sussex2
£1,35012/240.29 miAshurst Way East Preston BN162
£1,19512/240.31 miCopse View, East Preston, Littlehampton, West Sussex, BN162
£1,19512/240.37 miCopse View, East Preston2
£1,30012/240.37 miWorthing Road, East Preston2
£1,35012/240.45 miTamarisk, East Preston, Littlehampton, BN162
£1,35003/240.45 mi-2
£1,35003/240.45 mi-2
£1,25003/250.46 mi-2
£2,20006/240.47 mi-2
£1,35012/240.6 miBramley Way, Angmering, West Sussex2
£1,66503/250.61 mi-2

Local Area Statistics

Population in BN16

28,125

Population in Littlehampton

56,651

Town centre distance

1.96 miles away

Nearest school

0.10 miles away

Nearest train station

0.47 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £385,000

March 4, 2025

Floor Plans

Description

  • Semi-Detached House +
  • Two Double Bedrooms +
  • Large Refitted Kitchen/Diner +
  • New Central Heating System +
  • Fully Rewired +
  • Energy Efficiency Rating C +

This recently renovated two bedroom semi-detached house is situated in the heart of East Preston Village. With the local junior school, shops and seafront just a few minutes' walk away, this property is perfectly positioned for a young couple or family. With the accommodation comprising of a cosy living room, large, open-plan kitchen/diner, two very generously sized double bedrooms and a modern bathroom with L-shaped bath and a separate w/c. Outside of the home there is a large rear garden with a patio and separate seating area whilst to the front, there is off road parking for three cars and a well sized front lawn.

This two bedroom semi-detached house is offered to the market in excellent condition having recently been modernised throughout. Renovations include a brand new central heating system, a full rewire, brand new modern fitted kitchen, brand new bathroom suite and new carpet and flooring throughout. The ground floor is made up of a spacious entrance hall providing access to all downstairs rooms. To the front of the house there is a cosy living room with double aspect windows, whilst to the rear of the house there is a large, open-plan kitchen/diner with integrated appliances and plenty of work surface and storage space. Upstairs plays host to two large, double bedrooms, both featuring built in storage, as well as a fully tiled bathroom suite with shower over bath and a heated towel rail. There is also a separate w/c and two storage cupboards on the landing. Outside the house to the rear there is a large garden that is mainly laid to lawn with separate patio and seating areas. To the front there is off-street parking for three cars and an expanse of lawn.

Agent Details

Graham Butt Estate Agents, Rustington

01903 944870

Next Steps?

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