3 Bed Terraced House, Single Let, Chichester, PO19 8AZ, £280,000

Eastland Road, Chichester, West Sussex, PO19 8AZ - 1 views - a year ago

BTL
ROI: 3%
~93 m²
+15 photos

ValuationUndervalued

Sold Prices£280K - £740K
Sold Prices/m²£2.7K/m² - £7.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£341,600
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£16,700

Total Cash In

£86,700

 

 

Cash Out

 

Rent Range

£1,150 - £2,100

Rent Estimate

£1,388

Running Costs/mo

£1,173

Cashflow/mo

£215

Cashflow/yr

£2,585

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £280K to £740K, average is £417.5K. £2.7K/m² to £7.8K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£520K03/210.05 miTrimmers House, Whyke Road, Chichester, West Sussex PO19 8JG3
£437.5K02/230.05 mi122, Whyke Road, Chichester, West Sussex PO19 8JG3
£440K02/210.05 miDutchmans Cottage, Whyke Road, Chichester, West Sussex PO19 8JG3
£740K10/230.05 miTrimmers House, Whyke Road, Chichester, West Sussex PO19 8JG3
£430K11/220.07 mi3, Garland Close, Chichester, West Sussex PO19 8DB3
£396K01/210.09 mi80, Whyke Road, Chichester, West Sussex PO19 8HU3
£415K01/210.11 mi130, Whyke Lane, Chichester, West Sussex PO19 8AS3
£595K05/230.12 mi6, Willowbed Avenue, Chichester, West Sussex PO19 8JD3
£437K08/210.12 mi83, Kingsham Avenue, Chichester, West Sussex PO19 8AY3
£500K04/230.14 mi43, Willowbed Drive, Chichester, West Sussex PO19 8HX3
£575K04/240.14 mi33, Willowbed Drive, Chichester, West Sussex PO19 8HX3
£280K03/210.16 mi16, Whyke Close, Chichester, West Sussex PO19 8BB3
£450K03/210.17 mi104, Grove Road, Chichester, West Sussex PO19 8AR3
£385K09/230.17 mi9, Grove Road, Chichester, West Sussex PO19 8AR3
£510K02/230.17 mi96, Grove Road, Chichester, West Sussex PO19 8AR3
£465K06/210.17 mi22, Willowbed Drive, Chichester, West Sussex PO19 8JB3
£408K03/210.18 mi14, Old Bakery Gardens, Chichester, West Sussex PO19 8AJ3
£525K03/230.19 mi61, Willowbed Drive, Chichester, West Sussex PO19 8HY3
£315K03/210.2 mi12, Bramber Road, Chichester, West Sussex PO19 8DA3
£310K11/200.21 mi8, Littlefield Road, Chichester, West Sussex PO19 7AE3
£315K06/230.22 mi39, Exton Road, Chichester, West Sussex PO19 8BW3
£336K08/210.23 mi28, Grove Road, Chichester, West Sussex PO19 8AP3
£340K09/210.23 mi30, Grove Road, Chichester, West Sussex PO19 8AP3
£345K05/210.23 mi47, Grove Road, Chichester, West Sussex PO19 8AP3
£390K06/210.23 mi73, Grove Road, Chichester, West Sussex PO19 8AP3
£407.5K09/210.24 mi84, Whyke Lane, Chichester, West Sussex PO19 7PD3
£347.5K07/230.24 mi37, Langdale Avenue, Chichester, West Sussex PO19 8JQ3
£520K08/230.26 mi82, Cleveland Road, Chichester, West Sussex PO19 7AF3
£435K02/240.26 mi7, Cleveland Road, Chichester, West Sussex PO19 7AF3
£402K12/220.26 mi15, Cleveland Road, Chichester, West Sussex PO19 7AF3
£480K01/210.29 mi20, Lyndhurst Road, Chichester, West Sussex PO19 7PE3
£470K06/210.3 mi41, Whyke Lane, Chichester, West Sussex PO19 7UT3
£315K05/210.3 mi17, Ettrick Road, Chichester, West Sussex PO19 7DU3
£580K03/210.32 mi7, Barford Road, Chichester, West Sussex PO19 7DP3
£344K11/200.34 mi64, Kingsham Road, Chichester, West Sussex PO19 8AH3
£380K05/210.34 mi10, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£380K05/210.37 mi10, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£375K01/230.37 mi11, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£420K05/230.37 mi8, Ormonde Avenue, Chichester, West Sussex PO19 7UX3
£370K06/210.37 mi46, Winden Avenue, Chichester, West Sussex PO19 7UZ3
£320K03/210.37 mi37, Winden Avenue, Chichester, West Sussex PO19 7UZ3
£460K01/210.38 mi36, Caledonian Road, Chichester, West Sussex PO19 7PJ3
£425K11/210.4 mi146, Bognor Road, Chichester, West Sussex PO19 7TQ3
£375K10/230.4 mi132, Bognor Road, Chichester, West Sussex PO19 7TQ3
£495K06/210.43 mi13, Bognor Road, Chichester, West Sussex PO19 7TF3
£453K03/210.45 mi221, Whyke Road, Chichester, West Sussex PO19 7AH3
£455K10/230.48 mi14, Peter Weston Place, Chichester, West Sussex PO19 7AP3
£335K01/210.5 mi15, Windsor Road, Chichester, West Sussex PO19 7XF3
£370K10/220.52 mi25, Pound Farm Road, Chichester, West Sussex PO19 7PX3
£500K04/230.54 mi39, Pound Farm Road, Chichester, West Sussex PO19 7PU3

Local Rents

11 rents from £1.1K/mo to £2.1K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50007/240.03 miHay Road, Chichester, PO193
£1,65007/240.21 miLangdale Avenue3
£1,50001/250.3 mi-3
£1,35008/240.34 miOrmonde Avenue, Chichester, West Sussex3
£1,15006/240.48 miVelyn Avenue, Chichester3
£1,59507/240.53 miBishops Courtyard3
£1,75010/240.55 mi-3
£1,50008/240.55 miLake Road, Chichester3
£2,10007/240.56 miSt Pancras, Chichester3
£1,59506/240.58 miRussell Street, Chichester, West Sussex, PO193
£1,79507/240.59 miGreen Lane Chichester PO193

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.75 miles away

Nearest school

0.20 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £280,000

September 26, 2024

Listed for £299,950

May 9, 2024

Floor Plans

Description

  • Three Bedroom Mid Terrace Family Home +
  • No Ongoing Chain +
  • Wet Room Shower Room +
  • Two Impressive Sized Reception Rooms +
  • Sunny Rear Garden +
  • Prime Chichester Location +
  • Huge Potential For Refurbishment +
  • Separate Fitted Kitchen +
  • Ample Storage And Extensive Ground Floor Accommodation +
  • ASKING PRICE OF £280,000 +

A three-bedroom terraced house located in South Chichester. The property comprises of two receptions, a separate kitchen, a large conservatory, two double bedrooms with built in storage, a single bedroom and wet room family bathroom. A medium-sized rear garden with access via the side entrance.

A three-bedroom terraced house located in South Chichester. The property comprises of two receptions, a separate kitchen, a large conservatory, two double bedrooms with built-in storage, a single bedroom and a wet room family bathroom. A medium-sized rear garden with access via the side entrance.

Upon entry, you're welcomed by a spacious entrance leading to the primary living area, currently utilised as a cosy living room, as well as a generously sized second reception room. The separate kitchen boasts abundant fitted cupboards, while a large conservatory beckons, opening onto the sizable private rear garden, which includes convenient outdoor storage. Access to the garden is conveniently available through the side passage.

Upstairs, the accommodation comprises two double bedrooms complete with built-in storage solutions for added convenience, alongside a third single bedroom and a well-appointed family bathroom.

Perfectly positioned just southeast of Chichester's historic city centre, residents can enjoy easy access to an array of bars, restaurants, and shops. Chichester's cultural scene shines with attractions such as the renowned Festival Theatre and Pallant House Gallery, while nearby lies the prestigious Goodwood Estate, famous for its motorsport and equestrian events. Nature enthusiasts will appreciate the proximity to Chichester Harbour, designated an Area of Outstanding Natural Beauty, and the picturesque blue flag beach at West Wittering.

For commuters, Chichester station offers excellent rail links to London via both the Victoria and Waterloo Lines, as well as connections along the scenic south coast via Havant. This property presents an exceptional opportunity to embrace the vibrant lifestyle and diverse offerings of Chichester and its surrounding areas.

Additional Information :

Council Tax Band : C
Council : Chichester Council
Tenure : Freehold
Broadband Speeds : Up to 1000mbps
Phone Coverage : Three, O2, Vodaphone, EE,

Agent Details

Solomons Estate Agents, Chichester

01243 973407

Next Steps?

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