3 Bed Bungalow, Single Let, Chichester, PO19 3JW, £275,000

Mill Close, Chichester, West Sussex, PO19 3JW - a month ago

BTL
ROI: 5%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£240K - £1.2M
Sold Prices/m²£2.8K/m² - £8.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£338,250
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Total Cash In

£84,950

 

 

Cash Out

 

Rent Range

£1,450 - £2,400

Rent Estimate

£1,500

Running Costs/mo

£1,179

Cashflow/mo

£321

Cashflow/yr

£3,848

ROI

5%

Gross Yield

7%

Local Sold Prices

41 sold prices from £240K to £1.2M, average is £380K. £2.8K/m² to £8.5K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£425K06/210.11 mi103, Fishbourne Road West, Chichester, West Sussex PO19 3JP3
£363.3K02/210.18 miCreek End Cottage, Creek End, Chichester, West Sussex PO19 3JS3
£307.5K12/200.24 mi1, Gilpin Close, Chichester, West Sussex PO19 3QW3
£385K08/230.28 mi30, Fishbourne Road East, Chichester, West Sussex PO19 3JA3
£325K04/210.34 mi27, Salthill Road, Chichester, West Sussex PO19 3QH3
£382.5K12/200.34 mi25a, Salthill Road, Chichester, West Sussex PO19 3QH3
£385K02/210.34 mi14, Appledram Lane North, Chichester, West Sussex PO19 3RN3
£419.9K07/210.35 mi47, Salthill Road, Chichester, West Sussex PO19 3QH3
£430K09/230.36 mi1, Fernleigh Close, Chichester, West Sussex PO19 3RU3
£395K02/210.4 mi11, Waterfield Gardens, Chichester, West Sussex PO19 3DE3
£367K05/230.42 mi22, Grove Park, Chichester, West Sussex PO19 3HY3
£266K04/210.42 mi7, Grove Park, Chichester, West Sussex PO19 3HY3
£290K11/200.42 mi8, Grove Park, Chichester, West Sussex PO19 3HY3
£585K01/210.45 miCrawley, 93, Salthill Road, Chichester, West Sussex PO19 3QD3
£326K07/210.5 mi8, Mosse Gardens, Chichester, West Sussex PO19 3PG3
£295K11/200.51 mi60, Mosse Gardens, Chichester, West Sussex PO19 3PQ3
£330K09/230.51 mi100, Mosse Gardens, Fishbourne, Chichester, West Sussex PO19 3PQ3
£285K08/210.51 mi17, Mosse Gardens, Chichester, West Sussex PO19 3PQ3
£240K01/230.52 mi20, Mosse Gardens, Fishbourne, Chichester, West Sussex PO19 3PG3
£355K04/210.56 mi9, Halfrey Road, Chichester, West Sussex PO18 8BU3
£375K06/230.59 mi19, Storrington Close, Chichester, West Sussex PO19 3QB3
£705K11/220.64 miBraemar, 120, Blackboy Lane, Fishbourne, Chichester, West Sussex PO18 8BL3
£410K09/220.68 mi53, Caspian Close, Fishbourne, Chichester, West Sussex PO18 8AY3
£935K10/210.69 mi14, Flaxman Avenue, Chichester, West Sussex PO19 3LZ3
£390K06/230.7 miWoodmancote, Clay Lane, Fishbourne, Chichester, West Sussex PO18 8DW3
£387.5K08/230.7 miGallop View, Clay Lane, Fishbourne, Chichester, West Sussex PO18 8DW3
£370K04/230.71 mi6, Godwin Way, Chichester, West Sussex PO18 8BW3
£640K04/230.76 miDormer Cottage, Clay Lane, Fishbourne, Chichester, West Sussex PO18 8BS3
£340K06/210.77 mi67, Oliver Whitby Road, Chichester, West Sussex PO19 3LL3
£380K03/230.77 mi51, Oliver Whitby Road, Chichester, West Sussex PO19 3LL3
£362K03/210.78 mi20, Oliver Whitby Road, Chichester, West Sussex PO19 3LW3
£1.2M11/200.82 mi70, Westgate, Chichester, West Sussex PO19 3HH3
£728K10/220.84 mi114, Cedar Drive, Chichester, West Sussex PO19 3EN3
£712.5K02/210.85 miCourt Barn, Salthill Park, Chichester, West Sussex PO19 3PS3
£598K11/220.89 mi90, Cedar Drive, Chichester, West Sussex PO19 3EN3
£350K07/230.9 mi2, Barton Road, Chichester, West Sussex PO19 3LJ3
£330K02/230.9 mi4, Barton Road, Chichester, West Sussex PO19 3LJ3
£630K12/230.92 mi117, Cedar Drive, Chichester, West Sussex PO19 3EL3
£615K06/210.94 mi106, Cedar Drive, Chichester, West Sussex PO19 3EN3
£335K12/200.95 mi2, John Arundel Road, Chichester, West Sussex PO19 3LG3
£352K11/200.99 mi53, Westgate, Chichester, West Sussex PO19 3EZ3

Local Rents

19 rents from £1.4K/mo to £2.4K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,55010/230.5 miDolphin Mews, Chichester3
£1,50007/240.58 miSalthill Road, Fishbourne 3
£1,50006/240.73 miFraser Row, Fishbourne, Chichester3
£1,65007/240.89 miNewlands Lane, Chichester, PO193
£1,59507/240.98 miCity Centre, Chichester3
£1,65006/241.05 miHenty Gardens, Chichester3
£1,80005/241.06 mi-3
£1,80005/241.06 mi-3
£1,85004/251.06 mi-3
£1,80006/241.06 miMilestone Cottages, Chichester, PO203
£1,45008/241.1 miOak Avenue, Chichester PO193
£1,80007/241.1 miDrovers Lane, Chichester3
£1,75008/241.1 miDrovers Lane, Chichester3
£1,80008/241.1 miDrovers Lane, Chichester3
£1,50007/241.1 miOak Avenue, Chichester3
£1,52007/241.11 miThe Meadows, PO193
£1,57506/241.14 miGobey Drive, West Broyle3
£2,40003/251.24 mi-3
£1,45007/241.24 miOrchard Street Chichester PO193

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

1.31 miles away

Nearest school

0.30 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £275,000

March 24, 2025

Floor Plans

Description

  • No Chain +
  • Quiet Cul-De-Sac Location +
  • Three Bedroom Bungalow +
  • Spacious Living/Dining Room +
  • Private Courtyard Garden & Communal Gardens +
  • Shower Room & Cloakroom +
  • Separate Kitchen +
  • Garage In Block +
  • Remainder Of 999 Year Lease +
  • Stunning Chichester Harbour Walks +

Situated in a quiet Cul-de-Sac and available with no forward chain, we have this brilliant three bedroom bungalow in a lovely location.

A paved pathway leads across the front lawn up to a covered entrance with outside light and double glazed front door opening into the entrance hall. The hallway has fitted meter cupboards and an adjoining cloakroom with sliding oak door, storage cupboards, WC and wash hand basin. The front aspect kitchen features a good range of wall and base units set beneath laminate worksurfaces with a built-in fridge and freezer. There is planned space for an electric cooker and washing machine. The wonderfully proportioned sitting/dining room enjoys a southerly aspect with French doors opening out to the patio garden area.

There are three bedrooms (two doubles), with two of the rooms having built-in wardrobes. The neatly finished wet room style shower room features a large shower area, WC, and a fitted range of cabinets with inset wash hand basin.

The property comes with a garage located in a nearby block.

Lease: 999 years from 1/1/2002
Service Charge: £2000 per annum

Agent Notes:
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 insurance to protect against the cost of an abortive purchase.

Sales Disclaimer- 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.

Agent Details

Leaders Sales, Bognor Regis

01243 973384

Next Steps?

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