# 2 bedroom apartment for sale (PO22 7BG)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 16, SUMMERLEY POINT, SUMMERLEY LANE, BOGNOR REGIS, FELPHAM, WEST SUSSEX PO22 7BG |
| Price | £265,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Council tax | D |
| Floor area | 96 m² |
| Last sold | £262,000 Dec 2024 |

## EPC Rating & Upgrade Cost

- **Current rating:** B
- **Potential rating:** B
- **Expiry date:** 09/12/2025 — **EXPIRED** (no longer valid for marketing or letting)
- **Current heating cost:** £290/year

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9549-3810-7726-9295-3121)

## Description

Summerley Point is an imposing gated development of luxury apartments set near the entrance of the sought-after Summerley Private Estate, right in the heart of Felpham village and a short walk from the Felpham beach, promenade and Felpham Sailing Club.

The well presented communal entrance hall serves just two of the apartments in this development. Stairs rise to the 2nd floor with its impressive landing area which services only this apartment.

The apartment itself measures 991 sqft and briefly comprises: entrance hall with store cupboard. To the front of the building is the very generous, dual aspect sitting room with its Juliet Balcony and rooftop views. The surprisingly spacious kitchen/dining room is fitted with a range of stylish and modern units with integral appliances, and again, far reaching views including glimpses of the South Downs. There is plenty of space in the kitchen for a dining table as well as sofas creating an ideal area for entertaining guests. The principal bedroom has double fitted wardrobes and en-suite shower room, the second double bedroom also has fitted wardrobes and there is a modern family bathroom.

Outside there is remote controlled electric gates to the residents allocated parking.

Tenure: We understand there is 125 year lease from 2016.

Maintenance Charge: We understand the maintenance charge is currently £2,026 p.a.

Ground Rent: We understand the ground rent is currently £250 p.a.

EPC Rating: B

## Property Photos

- ![Photo](/listings/photos/146908085/341316)
- ![Sitting Room](/listings/photos/146908085/341318) - Sitting Room
- ![Kitchen](/listings/photos/146908085/341319) - Kitchen
- ![Outside of building](/listings/photos/146908085/341320) - Outside of building
- ![Sitting Room](/listings/photos/146908085/341321) - Sitting Room
- ![Kitchen](/listings/photos/146908085/341322) - Kitchen
- ![Sitting Room](/listings/photos/146908085/341323) - Sitting Room
- ![Sitting Room](/listings/photos/146908085/341324) - Sitting Room
- ![Bedrooms](/listings/photos/146908085/341325) - Bedrooms
- ![En-suite and Bathroom](/listings/photos/146908085/341326) - En-suite and Bathroom
- ![Bedrooms](/listings/photos/146908085/341327) - Bedrooms
- ![Bedrooms](/listings/photos/146908085/341328) - Bedrooms
- ![Bedrooms](/listings/photos/146908085/341329) - Bedrooms
- ![En-suite and Bathroom](/listings/photos/146908085/341330) - En-suite and Bathroom
- ![Outside of building](/listings/photos/146908085/341331) - Outside of building
- ![Outside of building](/listings/photos/146908085/341332) - Outside of building

## Floorplans

- ![Floorplan 1](/listings/photos/146908085/341333) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/146908085/341334) - EPC 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| SUMMERLEY POINT FLAT 16 SUMMERLEY LANE, FELPHAM, BOGNOR REGIS, ARUN, WEST SUSSEX, PO22 7BG | £262,000 | 12/12/2024 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] SUMMERLEY POINT FLAT 10 SUMMERLEY LANE, FELPHAM, BOGNOR REGIS, ARUN, WEST SUSSEX, PO22 7BG | £315,000 | 21/09/2022 | Flat |
| [Same street] SUMMERLEY POINT FLAT 4 SUMMERLEY LANE, FELPHAM, BOGNOR REGIS, ARUN, WEST SUSSEX, PO22 7BG | £340,000 | 15/07/2022 | Flat |
| SUMMERLEY GATE APARTMENT 4 SOUTHVIEW ROAD, FELPHAM, BOGNOR REGIS, ARUN, WEST SUSSEX, PO22 7BF | £337,500 | 01/07/2022 | Flat |
| [Same street] SUMMERLEY POINT FLAT 11 SUMMERLEY LANE, FELPHAM, BOGNOR REGIS, ARUN, WEST SUSSEX, PO22 7BG | £350,000 | 01/06/2022 | Flat |
| SUMMERLEY GATE APARTMENT 8 SOUTHVIEW ROAD, FELPHAM, BOGNOR REGIS, ARUN, WEST SUSSEX, PO22 7BF | £350,000 | 31/05/2022 | Flat |
| SUMMERLEY GATE APARTMENT 7 SOUTHVIEW ROAD, FELPHAM, BOGNOR REGIS, ARUN, WEST SUSSEX, PO22 7BF | £435,000 | 23/03/2022 | Flat |
| SUMMERLEY GATE APARTMENT 10 SOUTHVIEW ROAD, FELPHAM, BOGNOR REGIS, ARUN, WEST SUSSEX, PO22 7BF | £310,000 | 12/11/2021 | Flat |
| [Same street] SUMMERLEY POINT FLAT 14 SUMMERLEY LANE, FELPHAM, BOGNOR REGIS, ARUN, WEST SUSSEX, PO22 7BG | £325,000 | 28/06/2021 | Flat |

**Street average:** £332,500 (4 sales)
**Area average:** £358,125 (4 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £193,818 (11 Flat, PO22, 2024–2026)
- **Deviation:** +36.7%

## Rental Range

*ONS Price Index of Private Rents (Arun). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,099/mo
- **Realistic:** £1,221/mo
- **Optimistic:** £1,343/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Worthing (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £947/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Terraced House, Stanhorn Grove, PO22 | £1,300/mo | 2 | 0.63 miles | OpenRent |
| 2 Bed Terraced House, Templars Close, PO22 | £1,300/mo | 2 | 0.84 miles | OpenRent |
| 2 Bed Flat, Compass Point, PO21 | £1,450/mo | 2 | 1.14 miles | OpenRent |
| 2 Bed Flat, High Street, PO21 | £1,200/mo | 2 | 1.16 miles | OpenRent |
| 2 Bed Flat, Fraser Court, PO21 | £1,250/mo | 2 | 1.2 miles | OpenRent |
| 2 Bed Flat, High Street, PO21 | £1,300/mo | 2 | 1.2 miles | OpenRent |
| 2 Bed Flat, Upper Bognor Road, PO21 | £1,400/mo | 2 | 1.23 miles | OpenRent |

**Average rent: £1,314/mo (7 listings)**

## 1% Rule

- **Rent ratio:** 0.49% (weak for cashflow)
- **Max investor price (0.8%):** £162,500
- **Target investor price (1%):** £130,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,300/mo).*

- **Gross yield:** 5.9%
- **Cost-to-rent:** 17×
- **Monthly cashflow:** £101/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 1.6%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £2,760/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -2.6%
- **10y growth:** 30.4%

## House Price Index (HM Land Registry)

*Official index for Arun; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -6.5%
- **5y growth (index):** -2.4%
- **10y growth (index):** 12.9%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)