2 Bed Semi-Detached House, Refurb/BRRR, Chichester, PO19 7QJ, £250,000

28 Osborne Crescent, Chichester, PO19 7QJ - a month ago

Refurb/BRRR
ROI: 1%
68 m²
+11 photos

ValuationFair Value

Sold Prices£210K - £445K
Sold Prices/m²£3.3K/m² - £7.3K/m²

 

 

Square Metres

68 m²
Price/m²£3.7K/m²

Value Estimate

£252,500

 

 

End Value (After Refurb)

£281,553

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Refurb Costs

£31,549

Bridging Loan Interest

£6,563

Total Cash In

£116,061

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£281,553

Mortgage (After Refinance)

£211,165

Mortgage LTV

75%

Cash Released

£23,665

Cash Left In

£92,396

Equity

£70,388

Rent Range

£800 - £1,500

Rent Estimate

£1,259

Running Costs/mo

£1,152

Cashflow/mo

£107

Cashflow/yr

£1,288

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £210K to £445K, average is £304K. £3.3K/m² to £7.3K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£255K07/210.04 mi31, Osborne Crescent, Chichester, West Sussex PO19 7QJ2
£275K10/210.05 mi52, Osborne Crescent, Chichester, West Sussex PO19 7QJ2
£275K04/210.1 mi48, Caernarvon Road, Chichester, West Sussex PO19 7YE2
£260K09/210.1 mi87, Caernarvon Road, Chichester, West Sussex PO19 7QS2
£241K07/230.1 mi86, Caernarvon Road, Chichester, West Sussex PO19 7QS2
£270K06/230.1 mi74, Caernarvon Road, Chichester, West Sussex PO19 7QS2
£260K07/230.14 mi4, Caernarvon Road, Chichester, West Sussex PO19 7YB2
£250K11/210.14 mi37, Windsor Road, Chichester, West Sussex PO19 7XG2
£270K11/230.14 mi47, Windsor Road, Chichester, West Sussex PO19 7XG2
£270K11/220.14 mi145, Charles Avenue, Chichester, West Sussex PO19 7HD2
£249.9K06/210.15 mi74, Chatsworth Road, Chichester, West Sussex PO19 7YJ2
£265K12/220.16 mi4, Henry Close, Chichester, West Sussex PO19 7HQ2
£270K08/230.16 mi82, Chatsworth Road, Chichester, West Sussex PO19 7YJ2
£255K04/210.16 mi98, Chatsworth Road, Chichester, West Sussex PO19 7YJ2
£260K08/230.17 mi79, Charles Avenue, Chichester, West Sussex PO19 7HE2
£222K05/230.21 mi15, Charles Avenue, Chichester, West Sussex PO19 7EY2
£370K03/230.22 mi4, Sandringham Road, Chichester, West Sussex PO19 7XJ2
£362K06/210.3 miJasmine Bungalow, Church Road, Chichester, West Sussex PO19 7HL2
£372.8K09/220.3 miSymene, Church Road, Chichester, West Sussex PO19 7HL2
£277K06/210.31 mi5, Florence Road, Chichester, West Sussex PO19 7PZ2
£355K09/230.32 mi60, Victoria Road, Chichester, West Sussex PO19 7JA2
£262.5K06/210.34 mi99, Victoria Road, Chichester, West Sussex PO19 7HZ2
£303K11/200.34 mi37, Victoria Road, Chichester, West Sussex PO19 7HY2
£338.5K03/210.35 mi30, Bognor Road, Chichester, West Sussex PO19 7TG2
£330K12/200.38 mi127, Bognor Road, Chichester, West Sussex PO19 7TH2
£300K02/210.4 mi3, St James Road, Chichester, West Sussex PO19 7HS2
£350K02/230.4 mi15, St James Road, Chichester, West Sussex PO19 7HS2
£290K02/210.41 mi36, St James Square, Chichester, West Sussex PO19 7HX2
£350K12/200.41 mi58b, Pound Farm Road, Chichester, West Sussex PO19 7PU2
£330K03/210.49 mi1, Russell Street, Chichester, West Sussex PO19 7EL2
£298K09/210.54 mi9, Oving Road, Chichester, West Sussex PO19 7EG2
£225K06/230.55 mi33, Farndell Close, Chichester, West Sussex PO19 7HB2
£327K02/210.55 mi33, Cleveland Road, Chichester, West Sussex PO19 7AD2
£372K04/230.56 mi20, Winden Avenue, Chichester, West Sussex PO19 7UZ2
£305K11/200.56 mi4, Winden Avenue, Chichester, West Sussex PO19 7UZ2
£345K03/210.56 mi22, Winden Avenue, Chichester, West Sussex PO19 7UZ2
£405K06/210.56 mi18, Green Lane, Chichester, West Sussex PO19 7NS2
£315K06/230.6 mi23, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£319K06/210.6 mi24, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£358K10/230.6 mi48, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£361K06/230.6 mi17, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£350K04/240.6 mi20, Cambrai Avenue, Chichester, West Sussex PO19 7UY2
£445K08/230.62 mi17, Cleveland Road, Chichester, West Sussex PO19 7AF2
£398K09/210.69 mi109, Grove Road, Chichester, West Sussex PO19 8AR2
£443K04/210.71 mi50, The Hornet, Chichester, West Sussex PO19 7JJ2
£430K11/200.72 mi16, Whyke Lane, Chichester, West Sussex PO19 7US2
£210K11/200.73 mi61, Melbourne Road, Chichester, West Sussex PO19 7JZ2
£240K03/210.74 mi76, Adelaide Road, Chichester, West Sussex PO19 7NQ2
£332.5K11/200.74 mi2, Ettrick Close, Chichester, West Sussex PO19 7DX2
£356.1K03/210.75 mi32, Melbourne Road, Chichester, West Sussex PO19 7ND2

Local Rents

32 rents from £800/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,19507/240.04 miOsborne Crescent, Chichester2
£1,25006/240.08 miBuckingham Drive, Chichester2
£1,20008/240.09 mi2 bedroom End Terrace House in Chichester2
£1,30008/240.12 miCaernarvon Road, Chichester2
£1,45007/240.14 miWindsor Road, Chichester2
£1,38512/240.14 mi-2
£1,50007/240.17 miChatsworth Road, Chichester2
£1,35008/240.17 miCyril Way, Chichester, PO192
£1,22507/240.2 miRichard Road, Chichester2
£95006/240.23 miChichester2
£80006/240.25 mi-2
£1,15006/240.26 miChurch Road, Chichester2
£1,15007/240.29 miFlorence Road, Chichester2
£1,35008/240.3 miFlorence Road, Chichester, PO192
£1,29508/240.34 miVictoria Road, Chichester, West Sussex, PO192
£1,15008/240.34 miBognor Road, Chichester2
£1,29507/240.35 miBognor Road, Chichester2
£1,39505/240.37 mi-2
£1,35007/240.39 miSt James, Chichester2
£1,40003/240.41 mi-2
£1,25007/240.43 miSt James` Square, Chichester2
£1,45007/240.44 miOving Road, Chichester2
£1,15009/240.45 miStride Close, Chichester2
£1,40007/240.45 miOving Road, Chichester2
£1,30007/240.46 miStride Close, Chichester, West Sussex, PO192
£1,35008/240.48 mi2 bedroom Terraced House in Chichester2
£1,35008/240.48 mi2 bedroom property in Chichester2
£99506/240.53 miOving Road, Chichester2
£1,25006/240.56 miWinden Avenue, Chichester PO192
£1,20006/240.57 miPrice House, Chichester, West Sussex2
£1,40008/240.59 mi-2
£1,05006/240.6 miCambrai Avenue, Chichester2

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

1.13 miles away

Nearest school

0.40 miles away

Nearest train station

1.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £250,000

March 21, 2025

Floor Plans

Description

  • No onward chain +
  • Entrance hall +
  • Sitting room +
  • Kitchen +
  • Conservatory +
  • Two bedrooms +
  • Shower room & separate cloakroom +
  • Paved garden +
  • Allocated parking space +

A two bedroom semi-detached house providing an ideal project. An excellent opportunity to purchase a two bedroom semi-detached house on the periphery of Chichester requiring modernisation and improvement. The property is situated on the popular Arundel Park development, which is about a mile level walk for the city centre, with easy access to the A27. Approached via a communal courtyard to the front of the property, the front door opens to an enclosed porch with a large store to one side and main front door to the entrance hall on the other. The ground floor accommodation comprises a sitting room overlooking the rear garden, a kitchen and a conservatory. On the first floor, there are two bedrooms, a shower room and separate cloakroom. The rear garden is mainly hard landscaped with a side gate opening to a parking space. Chichester District Council - 25/26 Tax Band C £2,077.38 EPC-D Directions - Proceed east out of Chichester along the Bognor Road (A259). After passing the Co-operative, turn left into Florence Road. Take the first turning on the right into Windsor Road and proceed to the end. At the end turn left into Osborne Crescent and the property is on the right and is approached by foot via the communal courtyard. what3words - nodded.zebra.fines. Vehicular access to the parking is the next turning on the right and towards the rear.

EPC Rating: D Parking - Allocated parking

Agent Details

Henry Adams, Chichester

01243 973395

Next Steps?

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