2 Bed Flat, Refurb/BRRR, Littlehampton, BN16 2QQ, £215,000

24 Harsfold Close, Rustington, West Sussex, BN16 2QQ - 2 views - a month ago

Refurb/BRRR
ROI: 2%
67 m²
+4 photos

ValuationOvervalued

Sold Prices£145K - £460K
Sold Prices/m²£2.3K/m² - £4.5K/m²

 

 

Square Metres

67 m²
Price/m²£3.2K/m²

Value Estimate

£210,375

 

 

End Value (After Refurb)

£272,206

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£11,950

Refurb Costs

£31,515

Bridging Loan Interest

£5,644

Total Cash In

£104,609

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£272,206

Mortgage (After Refinance)

£204,155

Mortgage LTV

75%

Cash Released

£42,905

Cash Left In

£61,704

Equity

£68,052

Rent Range

£1,150 - £1,450

Rent Estimate

£1,281

Running Costs/mo

£1,127

Cashflow/mo

£154

Cashflow/yr

£1,850

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £145K to £460K, average is £259K. £2.3K/m² to £4.5K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£145K12/200 mi28, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2QQ2
£237.5K07/230 mi7, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2QQ2
£192.5K10/200 mi8, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2QQ2
£350K05/230.04 miFlat 7, Caspian House, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2QT2
£315K04/210.05 miFlat 4, Pacific House, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2SS2
£300K10/200.05 miFlat 7, Pacific House, Harsfold Close, Rustington, Littlehampton, West Sussex BN16 2SS2
£317K09/210.06 miApartment 9, Coast, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2QR2
£287K05/210.06 miApartment 8, Coast, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2QR2
£215K04/230.09 mi25, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UA2
£250K09/230.09 mi89, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UQ2
£258K03/210.09 mi81, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UQ2
£227.5K03/210.09 mi89, The Martlets, Rustington, Littlehampton, West Sussex BN16 2UQ2
£325K06/230.1 miFlat 25, Strand Court, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2NT2
£335K02/230.1 miFlat 32, Strand Court, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2NT2
£300K08/230.12 miBaytree Court, 15, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£323K08/230.12 miCherry Tree Court, 37, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£255K10/200.12 miApple Tree Court, 7, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£230K10/200.12 miCherry Tree Court, 27, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£230K01/210.12 miCherry Tree Court, 32, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£260K11/200.12 miBaytree Court, 10, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£245K06/210.12 miCherry Tree Court, 28, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£275K10/220.12 miCherry Tree Court, 23, Marama Gardens, Rustington, Littlehampton, West Sussex BN16 2ND2
£285K06/230.16 miFlat 1, Selsey Court, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2LD2
£265K03/230.17 miFlat 1, Climping Court, Rackham Road, Rustington, Littlehampton, West Sussex BN16 2LQ2
£258K08/230.17 miFlat 7, Climping Court, Rackham Road, Rustington, Littlehampton, West Sussex BN16 2LQ2
£315K04/230.21 miFlat 7, Norfolk Court, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2JX2
£270K05/210.21 miFlat 8, Norfolk Court, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2JX2
£295K06/210.21 miFlat 7, Fitzalan Court, Rackham Road, Rustington, Littlehampton, West Sussex BN16 2LE2
£285K02/210.21 miFlat 16, Fitzalan Court, Rackham Road, Rustington, Littlehampton, West Sussex BN16 2LE2
£250K03/210.21 miFlat 14, Fitzalan Court, Rackham Road, Rustington, Littlehampton, West Sussex BN16 2LE2
£240K01/210.22 miFlat 10, Petworth Court, Rackham Road, Rustington, Littlehampton, West Sussex BN16 2LF2
£350K02/230.25 miBeaufort Court, 37, Millfield Close, Rustington, Littlehampton, West Sussex BN16 2JZ2
£460K09/210.27 mi97, Whitehorses Way, Littlehampton, West Sussex BN17 6NL2
£240K11/200.27 miAusten Court, 47, Millfield Close, Rustington, Littlehampton, West Sussex BN16 2JZ2
£270K01/230.29 miFlat 7, Rawson Court, Sea Lane, Rustington, Littlehampton, West Sussex BN16 2SD2
£250K05/230.29 miFlat 8, Rawson Court, Sea Lane, Rustington, Littlehampton, West Sussex BN16 2SD2
£227K06/210.32 miDrake Court, 23, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JS2
£252K02/230.32 miGrenville Court, 27, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JS2
£290K11/220.34 miHardy Court, 38, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JU2
£320K04/210.36 miJellicoe Court, 58, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JT2
£350K07/230.36 miJellicoe Court, 72, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JT2
£195K11/200.37 miFlat 9, Shaftesbury Court, Shaftesbury Road, Rustington, Littlehampton, West Sussex BN16 2HU2
£225K10/230.37 miFlat 12a, Shaftesbury Court, Shaftesbury Road, Rustington, Littlehampton, West Sussex BN16 2HU2
£250K03/230.41 mi2, Hazel Lodge, Rustington, Littlehampton, West Sussex BN16 2RW2
£225K12/200.41 mi4, Hazel Lodge, Rustington, Littlehampton, West Sussex BN16 2RW2
£275K03/230.42 mi4, Summers Close, Rustington, Littlehampton, West Sussex BN16 2HY2
£253K10/230.43 miFlat 2, Ilex House, Cudlow Garden, Rustington, Littlehampton, West Sussex BN16 2RL2
£255K03/230.43 miFlat 6, Ilex House, Cudlow Garden, Rustington, Littlehampton, West Sussex BN16 2RL2
£255K11/230.44 mi1, Mulberry Lodge, Rustington, Littlehampton, West Sussex BN16 2RN2
£412K12/220.45 miFlat 18, Heritage Place, Broadmark Lane, Rustington, Littlehampton, West Sussex BN16 2GY2

Local Rents

12 rents from £1.1K/mo to £1.4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.05 miAegean House Harsfold Close, Rustington, West Sussex, BN162
£1,20012/240.29 miChurchill Court, Rustington2
£1,15012/240.32 miOverstrand Avenue, Rustington, Littlehampton, West Sussex2
£1,15007/230.38 mi-2
£1,19511/240.38 mi-2
£1,45012/240.45 miBroadmark Lane, Rustington, Littlehampton, West Sussex, BN162
£1,40012/240.45 miRustington2
£1,40003/250.47 mi-2
£1,25012/240.5 miBroadmark Lane, Rustington2
£1,30003/250.55 mi-2
£1,32512/240.55 miSutton Avenue, Rustington, Littlehampton, West Sussex, BN162
£1,35012/240.6 miOld Manor Road, Rustington2

Local Area Statistics

Population in BN16

28,125

Population in Littlehampton

56,651

Town centre distance

1.17 miles away

Nearest school

0.90 miles away

Nearest train station

1.32 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £215,000

March 13, 2025

Floor Plans

Description

  • Purpose Built Top Floor Flat +
  • Two Double Bedrooms +
  • No Onward Chain +
  • Lounge +
  • Spacious Kitchen/Dining Room +
  • Bathroom & Separate WC +
  • West Facing Balcony Providing Sea Glimpses +
  • Double Glazing +
  • Private Garage +
  • EER: D +

Offered for sale with NO ONWARD CHAIN is this purpose-built top floor flat positioned within a popular block located close to the seafront.

Whilst modernisation and improvement would be required, the accommodation is bright and spacious, with the room arrangement comprising: two double bedrooms, both with built-in storage; a lounge with sliding doors that enable access to a WEST FACING BALCONY BOASTING SEA GLIMPSES; sizeable kitchen/dining room; shower room, and a separate WC.

Additional attributes include: double glazing; a private garage located to the rear of the development, and an extended lease.

The delightful situation within a small cul-de-sac is a key attribute, being within only a few hundred metres of Rustington's picturesque seafront/promenade, and approximately 1 mile from the village centre, with its vast array of shops, restaurants, and numerous other useful amenities.

Furthermore, the charming Mewsbrook Park, as well as Littlehampton Wave leisure centre, can both be found within only 0.25-miles, plus there is a handy local bus service operating along neighbouring Harsfold Road.

Rustington is centrally situated on the West Sussex Coast almost midway between the cities of Chichester and Brighton, and just south of the A259, which provides a link to the larger neighbouring towns of Bognor Regis and Worthing. Notably, Angmering mainline railway station can be found within approximately miles and offers a regular service to London Victoria via Gatwick.

Lounge - 4.24 x 3.62 (13'10" x 11'10") -

West Facing Balcony - 2.78 x 0.96 (9'1" x 3'1") -

Kitchen/Dining Room - 4.56 x 3.09 (max) (14'11" x 10'1" (max)) -

Bedroom One - 3.62 x 3.33 (11'10" x 10'11") -

Bedroom Two - 3.47 x 3.27 (max) (11'4" x 10'8" (max)) -

Shower Room - 2.47 (max) x 1.63 (max) (8'1" (max) x 5'4" (max)) -

Separate Wc - 2.38 x 0.80 (7'9" x 2'7") -

Agent Details

Glyn-Jones & Co, Rustington

01903 497288

Next Steps?

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