2 Bed Flat, Single Let, Chichester, PO19 5RQ, £250,000

Lavant Road, Chichester, West Sussex, PO19 5RQ - 1 views - 2 years ago

BTL
ROI: 3%
~54 m²
+8 photos

ValuationOvervalued

Sold Prices£195.5K - £450K
Sold Prices/m²£2.7K/m² - £4.8K/m²

 

 

Square Metres

~53.90 m²
Price/m²£4.6K/m²

Value Estimate

£191,528

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£1,200 - £1,750

Rent Estimate

£1,250

Running Costs/mo

£1,051

Cashflow/mo

£199

Cashflow/yr

£2,385

ROI

3%

Gross Yield

6%

Local Sold Prices

32 sold prices from £195.5K to £450K, average is £260K. £2.7K/m² to £4.8K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£269.5K06/210.08 miFlat 10, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£270K03/210.08 miFlat 19, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£255K05/210.08 miFlat 29, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£251.8K12/200.08 miFlat 21, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£269K07/210.08 miFlat 23, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£360K01/210.12 miFlat 3, Garden House, The Avenue, Chichester, West Sussex PO19 5PT2
£320K02/230.19 mi4, Plainwood Close, Chichester, West Sussex PO19 5YB2
£395K08/230.22 miFlat 2, Ladygrove, Chestnut Avenue, Chichester, West Sussex PO19 5QD2
£426K11/200.22 miFlat 4, Ladygrove, Chestnut Avenue, Chichester, West Sussex PO19 5QD2
£415K01/230.22 miFlat 8, Ladygrove, Chestnut Avenue, Chichester, West Sussex PO19 5QD2
£240K10/230.24 mi19, Broyle Close, Chichester, West Sussex PO19 6BG2
£200K09/210.46 mi156, Winterbourne Road, Chichester, West Sussex PO19 6RS2
£225K03/230.46 mi160, Winterbourne Road, Chichester, West Sussex PO19 6RS2
£250K05/210.53 mi66, Longley Road, Chichester, West Sussex PO19 6DD2
£260K08/230.53 mi138, Longley Road, Chichester, West Sussex PO19 6DD2
£352.5K02/240.53 mi4, Penny Acre, Chichester, West Sussex PO19 6DY2
£353K03/210.6 mi220, Longley Road, Chichester, West Sussex PO19 6EA2
£260K06/230.6 mi246, Longley Road, Chichester, West Sussex PO19 6EA2
£365K02/210.64 miFlat 6, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£310K06/210.64 miFlat 23, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£450K01/240.64 miFlat 19, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£195.5K06/210.73 miFirst Floor Flat, 32, Carleton Road, Chichester, West Sussex PO19 3NU2
£262K12/200.73 miFlat 18, Downland Court, Somerstown, Chichester, West Sussex PO19 6AQ2
£238K09/210.78 miFlat 11, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£237K01/230.78 miFlat 17, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£220K12/220.8 mi33, Parchment Street, Chichester, West Sussex PO19 3BX2
£199.9K08/230.84 mi64, Newlands Lane, Chichester, West Sussex PO19 3AS2
£240K03/230.93 mi1, Orchard Gardens, Chichester, West Sussex PO19 1DG2
£213K03/210.96 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£213K03/210.96 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£210K11/220.96 mi46, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£275K03/210.98 miFlat 7, Regnum Court, North Walls, Chichester, West Sussex PO19 1BZ2

Local Rents

18 rents from £1.2K/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25007/240 miLavant Road, Chichester, PO192
£1,35008/240.02 miThe Lane, Chichester2
£1,75007/240.09 miHighland Road, Chichester2
£1,30007/240.27 miWolfe Close, Chichester2
£1,55007/240.27 mi2 bedroom End Terrace House in Chichester2
£1,30008/240.28 mi7 Wolfe Close, Chicheste2
£1,35006/240.33 miChichester2
£1,25006/240.34 mi-2
£1,25005/240.34 mi-2
£1,35006/240.34 miCharlotte Avenue, Chichester2
£1,40007/240.35 miLloyd Road, Chichester2
£1,40007/240.35 miLloyd Road, Chichester2
£1,55007/240.43 miMaplehurst Road Chichester PO192
£1,20007/240.44 miWinterbourne Road, Chichester2
£1,49507/240.49 miRew Lane, Lavant. PO19 5QH2
£1,25008/240.53 miLongley Road, Graylingwell Park, Chichester2
£1,25007/240.57 miLongley Road, Chichester, PO192
£1,29509/240.59 miLongley Road, Chichester, PO192

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

1.16 miles away

Nearest school

0.30 miles away

Nearest train station

1.50 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

July 21, 2023

Floor Plans

Description

  • Stunning Duplex Apartment +
  • Two Bedrooms +
  • Communal Garden +
  • Bike & Bin Store +
  • Allocated Parking +
  • Freehold & No Charges +
  • Open-Planned Living +

Freehold with no service charges King and Chasemore are delighted to welcome to the market a delightful two-bedroom duplex apartment. Desirably located a short walk into Chichester's city centre offering convenient access to local restaurants, bars, shops and the popular theatre. The property is a perfect purchase for investors, first time buyers and buyers looking to downsize.

The apartment is set over two floors and is entered via the well-kept communal entrance. The hallway leads into the immaculate kitchen which boasts fully-fitted appliances and a superb open-planned living concept. There is an abundance of light in the living area and good space to relax or entertain.

On the first floor, bedroom one is a good sized double and features a built-in storage cupboard. Bedroom two is a superb office space and can additionally be used as dressing room. The modern bathroom offers a bath with overhead shower, basin, w.c. and towel radiator.

This delightful apartment also benefits from a secluded communal garden, bike and bin store and allocated parking. With no service charges, this freehold apartment is a must-see!

Agent Details

King & Chasemore, Chichester

020 3872 4877

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪