3 Bed Flat, Single Let, Littlehampton, BN17 5LE, £240,000

South Terrace, Littlehampton, West Sussex, BN17 5LE - 23 days ago

Leasehold
BTL
ROI: 4%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£165K - £500K
Sold Prices/m²£2.2K/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£288,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Total Cash In

£73,200

 

 

Cash Out

 

Rent Range

£1,250 - £1,650

Rent Estimate

£1,275

Running Costs/mo

£1,025

Cashflow/mo

£250

Cashflow/yr

£3,000

ROI

4%

Gross Yield

6%

Local Sold Prices

13 sold prices from £165K to £500K, average is £347.5K. £2.2K/m² to £4.4K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£315K02/230.22 mi51a, Beach Road, Littlehampton, West Sussex BN17 5JG3
£416K03/210.9 miFlat 11, Strand Court, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2NT3
£410K03/210.9 miFlat 8, Strand Court, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2NT3
£295K09/230.9 miFlat 18, Strand Court, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2NT3
£500K09/230.9 miFlat 8, Strand Court, Harsfold Road, Rustington, Littlehampton, West Sussex BN16 2NT3
£315K06/211.01 miFlat 9, Downside Court, Rackham Road, Rustington, Littlehampton, West Sussex BN16 2LG3
£184K05/211.02 mi22, Manning Road, Wick, Littlehampton, West Sussex BN17 7HT3
£330K08/231.03 miFlat 11, Norfolk Court, Chanctonbury Road, Rustington, Littlehampton, West Sussex BN16 2JX3
£165K05/211.05 mi68, West Way, Wick, Littlehampton, West Sussex BN17 7NA3
£365K01/231.1 miBeaufort Court, 36, Millfield Close, Rustington, Littlehampton, West Sussex BN16 2JZ3
£347.5K04/211.19 miJellicoe Court, 86, Overstrand Avenue, Rustington, Littlehampton, West Sussex BN16 2JT3
£500K02/211.91 miFlat 9, Fosters, Fosters Close, East Preston, Littlehampton, West Sussex BN16 2TT3
£410K10/222.52 mi6, Woodbridge Park, East Preston, Littlehampton, West Sussex BN16 1NL3

Local Rents

26 rents from £1.3K/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,60003/250.01 mi-3
£1,25012/240.02 mi-3
£1,50012/240.13 miGranville Road, Littlehampton3
£1,40012/240.28 miNorfolk Gardens3
£1,35012/240.31 mi-3
£1,35012/240.31 mi-3
£1,35007/230.35 mi-3
£1,32512/240.36 miNew Road, Littlehampton3
£1,50012/240.53 miMariners Quay, Littlehampton3
£1,40012/240.61 miLinden Road, Littlehampton, West Sussex, BN173
£1,40012/240.65 mi-3
£1,40012/240.65 mi-3
£1,50012/240.66 miCornwall Road, Littlehampton3
£1,59903/250.77 mi-3
£1,30012/240.88 miSussex Street, Littlehampton3
£1,37512/240.95 miWick Farm Road, Wick3
£1,45012/240.96 miClun Road, Wick3
£1,37512/240.98 miWick Farm Road, Littlehampton3
£1,32512/241 miFontwell Close, Rustington3
£1,49512/241.03 miKirdford Close, Rustington, Littlehampton3
£1,49512/241.03 miKirdford Close, Rustington, Littlehampton3
£1,49512/241.03 miKirdford Close, Rustington, Littlehampton3
£1,37512/241.03 miManning Road, Littlehampton3
£1,35012/241.04 mi-3
£1,65012/241.05 miParham Close, Rustington, Littlehampton, West Sussex, BN163
£1,30003/251.24 mi-3

Local Area Statistics

Population in BN17

28,522

Population in Littlehampton

56,651

Town centre distance

1.25 miles away

Nearest school

0.60 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £240,000

March 19, 2025

Floor Plans

Description

  • Period property +
  • Sea views +
  • Close to town +
  • New bathroom +
  • Station nearby +
  • New Gas central heating system +
  • New kitchen +

Guide Price £240,000 to £250,000

Leaders are pleased to introduce this newly refurbished three-bedroom second floor flat located in South Terrace which boasts sea views from several room. This seafront property is located in the traditional seaside town of Littlehampton with many local amenities such as cafes, restaurants, pubs, supermarkets and shops plus a weekly market every Friday approximately 0.6 miles away. Rustington village with its array of shops, cafes and banks is 1.5 miles away. The stretch of seafront between Littlehampton and Rustington has lots to offer including Harbour Park, Wave leisure centre, Mewsbrook Park plus a selection of cafes, all of which is on the doorstep. The property is perfectly situated if you have to commute with access to the A259 making it easy to travel to Chichester, Worthing, Brighton or beyond. For those looking to travel by train Littlehampton station is 0.7 miles away with direct trains to London.

This period property comprises of a hallway which gives access to all rooms and features a couple of storage cupboards. The lounge/diner has a bay window allowing lots of natural light makes the most of the sea views. The kitchen has been fitted with wall and floor units providing ample storage and work surface space with integrated appliances. Bedroom one is a good-sized double with a bay window to take in the sea views, bedroom two is also a double with dual windows and bedroom three is a single or would make a great office which also has sea views. Lastly the bathroom features a shower unit, basin and toilet.

Additional benefits include new gas central heating system with 10 year warranty and period features.

Remaining Lease: 82 years
Will be extended on completion 171 year price dependent
Services charges: £2200pa
Ground rent: £60pa

‘’These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However, any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.

Successful buyers will be required to complete online identity checks provided by Lifetime Legal. The cost of these checks is £80 inc. VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection.’’

Agent Details

Leaders Sales, Worthing

01903 497313

Next Steps?

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