Northwyke Road, Felpham, Bognor Regis, PO22

DETACHED THREE-BEDROOM BUNGALOW

• For Sale by Traditional Auction

• Auction Online Bidding Opens 13th November

• Auction Online Bidding Closes 20th November

• Freehold with Vacant Possession

Felpham – Private Roundle Estate

This three-bedroom detached bungalow is located within the desirable private, tree-lined Roundle Estate in Felpham. It lies approximately half a mile on a level walk from the seafront and promenade and is conveniently positioned for access to local schools, shops and other amenities.

The property is currently let on an AST at £935 per calendar month, however it is considered a more realistic market rental of £1,200 per calendar month is possible in its current condition.

The property will be sold with vacant possession on completion making it appealing to both homebuyers, investors and developers.

Having been rented for many years, it would now benefit from a programme of improvement works. Once refurbished, the rental income is estimated to be in the region of £1,700 per calendar month.

The accommodation includes a spacious entrance hall with a storage cupboard and access to all rooms. The living room features an open fireplace and sliding patio doors leading to the rear garden. The fitted kitchen also has a door to the side of the property. There are three double bedrooms, a bathroom, and a separate cloakroom with a W.C.

The original garage has been converted to provide storage space and is accessed via a door from the rear garden. It is considered that this area could be fully integrated into the main bungalow, subject to any necessary consents, to create additional accommodation, or re-established as a garage.

The gardens surround much of the bungalow, with a path leading from the front around the perimeter to the rear access of the converted garage. The grounds are laid out with a mixture of lawn and established flower beds, and there is the added benefit of off-road parking. The are also two timber sheds.

This property presents an appealing opportunity for owner-occupiers, developers or investors seeking refurbishment potential in a well-regarded coastal location.

Auction
To be sold by Traditional Auction (Online).

Registration
All potential buyers are required to register to be able to bid, please visit our website to set-up an online auction account.

Tenure
Freehold with vacant possession

EPC rating
D

Council tax band
D - Arun

Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor and available to download. You are advised to complete your own due diligence before bidding.

Additional fees
A buyers charge of £1,250 plus VAT is payable to the Auctioneer on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £5,000 (which forms part of the deposit) and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.

Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.

Please note
All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot.

*Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Location

Felpham is a charming Village located directly to the east of Bognor Regis, offering much history and array of different architectural properties and Private Estates. Popular amongst all age ranges due to its convenient seaside location and comprehensive facilities on offer which include Shops, Post Offices, Butchers, sought after Schools, Convenience Stores, a Golf Club, Pubs, Restaurants, a Sports Centre, Playing Fields and many more. The Village is within a short stroll to the Beach, where you will find the famous Lobster Pot Restaurant, Beachcroft Hotel and Yacht Club. The Promenade is a lovely place to walk with stunning coastal views which takes you towards Bognor Regis Town leading to Aldwick. Felpham is also within easy access to Chichester and Littlehampton.

Living Room

4.94m x 3.64m

Bedroom One

3.93m x 3.63m

Bedroom Two

3.89m x 2.93m

Bedroom Three

3.17m x 2.99m

Kitchen

3.02m x 2.56m

Storage Room - Former Garage

5.1m x 2.72m