2 Bed Flat, Single Let, Chichester, PO19 3BB, £240,000

PASCOE COURT Orchard Avenue, Chichester, West Sussex, PO19 3BB - 3 views - 9 months ago

Sold STC
BTL
ROI: 3%
62 m²
+4 photos

ValuationOvervalued

Sold Prices£112K - £450K
Sold Prices/m²£2K/m² - £5.1K/m²

 

 

Square Metres

62 m²
Price/m²£3.9K/m²

Value Estimate

£224,969

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£1,100 - £1,700

Rent Estimate

£1,196

Running Costs/mo

£1,009

Cashflow/mo

£187

Cashflow/yr

£2,242

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £112K to £450K, average is £243.9K. £2K/m² to £5.1K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£275K03/210.08 miFlat 7, Regnum Court, North Walls, Chichester, West Sussex PO19 1BZ2
£240K03/230.09 mi1, Orchard Gardens, Chichester, West Sussex PO19 1DG2
£238K09/210.14 miFlat 11, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£237K01/230.14 miFlat 17, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£220K12/220.16 mi33, Parchment Street, Chichester, West Sussex PO19 3BX2
£212.5K06/230.16 mi5a, Crane Street, Chichester, West Sussex PO19 1LH2
£248K06/210.17 mi2b, St Cyriacs, Chichester, West Sussex PO19 1AN2
£262K12/200.17 miFlat 18, Downland Court, Somerstown, Chichester, West Sussex PO19 6AQ2
£270K02/210.24 miFlat, 75a, North Street, Chichester, West Sussex PO19 1LQ2
£310K06/210.26 miFlat 23, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£450K01/240.26 miFlat 19, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£365K02/210.26 miFlat 6, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£190K07/210.31 miFlat 27, The Maltings, Henty Gardens, Chichester, West Sussex PO19 3DW2
£330K03/230.33 mi2, Henty Gardens, Chichester, West Sussex PO19 3DL2
£395K06/210.33 mi6, Henty Gardens, Chichester, West Sussex PO19 3DL2
£355K11/200.33 mi100, Shippam Street, Chichester, West Sussex PO19 1AY2
£245K08/230.34 mi17, Henty Gardens, Chichester, West Sussex PO19 3DL2
£380K08/230.4 mi21b, St Johns Street, Chichester, West Sussex PO19 1UP2
£235K12/220.4 miFlat 5, Sharp Garland House, East Walls, Chichester, West Sussex PO19 1EX2
£330K06/210.44 mi12, St Bartholomews Close, Chichester, West Sussex PO19 3EP2
£330K03/240.52 mi12, Tannery Close, Chichester, West Sussex PO19 3EY2
£280K03/240.53 mi92, St Agnes Place, Chichester, West Sussex PO19 7TU2
£336K05/230.53 mi65, St Agnes Place, Chichester, West Sussex PO19 7TU2
£369K10/220.54 mi11, St Agnes Place, Chichester, West Sussex PO19 7TN2
£330K05/240.54 mi6, St Agnes Place, Chichester, West Sussex PO19 7TN2
£345K07/230.54 mi31, St Agnes Place, Chichester, West Sussex PO19 7TN2
£304.9K08/210.54 mi12, Tannery Close, Chichester, West Sussex PO19 3EY2
£195.5K06/210.55 miFirst Floor Flat, 32, Carleton Road, Chichester, West Sussex PO19 3NU2
£217K03/210.56 mi36, Tozer Way, Chichester, West Sussex PO19 7LG2
£200K01/210.58 miFlat 8, Bayton Court, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£200K01/210.58 miFlat 8, Bayton Court, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£190K12/230.58 miBayton Court, Flat 12, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£212.5K03/210.58 mi30, Lennox Road, Chichester, West Sussex PO19 6SY2
£213K08/230.58 miFlat 5, Eastgate Court, The Hornet, Chichester, West Sussex PO19 7JX2
£199.9K08/230.58 mi64, Newlands Lane, Chichester, West Sussex PO19 3AS2
£123.8K09/210.58 mi123, St Agnes Place, Chichester, West Sussex PO19 7TY2
£186.5K10/230.6 mi87, Lennox Road, Chichester, West Sussex PO19 6SZ2
£213K03/210.6 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£213K03/210.6 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£210K11/220.6 mi46, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£240K10/230.66 mi19, Broyle Close, Chichester, West Sussex PO19 6BG2
£247.5K11/230.66 mi54b, Lyndhurst Road, Chichester, West Sussex PO19 7PE2
£352.5K02/240.68 mi4, Penny Acre, Chichester, West Sussex PO19 6DY2
£192K03/210.68 mi36, Bishop Luffa Close, Chichester, West Sussex PO19 3LS2
£242.8K01/210.7 mi2a, Whyke Road, Chichester, West Sussex PO19 7AL2
£195K01/210.73 mi30, Bishop Luffa Close, Chichester, West Sussex PO19 3LR2
£275K03/230.74 mi4, Stride Close, Chichester, West Sussex PO19 7WX2
£250K05/210.75 mi66, Longley Road, Chichester, West Sussex PO19 6DD2
£260K08/230.75 mi138, Longley Road, Chichester, West Sussex PO19 6DD2
£112K12/200.75 miFlat 25, Heather Court, Stockbridge Road, Chichester, West Sussex PO19 8HJ2

Local Rents

49 rents from £1.1K/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,38007/240.09 miOrchard Street, Chichester, PO192
£1,38008/240.09 mi-2
£1,20008/240.14 miFestival Court, Chichester2
£1,50008/240.14 mi-2
£1,50012/240.14 mi-2
£1,50007/240.14 miCavendish Street, Chichester, PO192
£1,25007/240.15 mi-2
£1,30003/250.15 mi-2
£1,20007/240.15 miPaulus Court, Somerstown2
£1,25007/240.16 mi-2
£1,15003/250.16 mi-2
£1,25006/240.2 miNorth Close 2
£1,35008/240.2 miFranklin Place, Chichester2
£1,20008/240.21 miHawthorn Close, Chichester2
£1,25009/240.21 miHawthorn Close, Chichester2
£1,25007/240.21 miHawthorn Close, Chichester2
£1,60006/240.23 miThe Chambers, Chapel Street, Chichester, West Sussex, PO192
£1,25007/240.23 miChapel Street, Chichester, PO192
£1,25007/240.23 miChapel Street, Chichester, PO192
£1,30008/240.24 mi2 bedroom First Floor Flat in Chichester2
£1,30008/240.26 miWest Street, Chichester, PO192
£1,39506/240.27 miWall Cottage Drive, Chichester2
£1,29507/240.31 miJubilee Road, Chichester PO192
£1,35006/240.32 miFlat 2, East Street, Chichester2
£1,30006/240.32 miFlat 3, East Street, Chichester2
£1,35007/240.32 miWestgate, Chichester, PO192
£1,40006/240.33 miCentral Chichester2
£1,35006/240.33 miCentral Chichester2
£1,30006/240.33 miCentral Chichester2
£1,39506/240.33 miEast Street, Chichester2
£1,39506/240.34 miEast Street, Chichester2
£1,35006/240.34 miEast Street, Chichester2
£1,30006/240.34 miEast Street, Chichester2
£1,30007/240.36 miEast Street, Chichester, PO192
£1,60007/240.37 miWest Pallant, Chichester2
£1,60007/240.37 miWest Pallant, Chichester2
£1,70012/240.38 mi-2
£1,50007/240.38 miBaffins Court, Baffins Lane, Chichester, West Sussex, PO192
£1,19512/240.39 mi-2
£1,29507/240.4 miDurnford Close, Chichester2
£1,20007/240.4 miEast Walls, Chichester2
£1,20002/250.4 mi-2
£1,20008/240.4 miEast Pallant, Chichester, PO192
£1,60006/240.41 miSt Johns Street, Chichester, PO192
£1,45007/240.41 miSt. Johns Street, Chichester2
£1,40008/240.41 miUnicorn House, Eastgate Square, Chichester, PO192
£1,10007/240.42 miSt Pancras, Chichester2
£1,25007/240.42 miGordon House, Chichester2
£1,25006/240.43 miThe Chantry, Canon Lane, Chichester, PO192

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.26 miles away

Nearest school

0.10 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £240,000

July 26, 2024

Sold for £223,000

2021

Sold for £70,000

1998

Floor Plans

Description

  • Ground Floor Purpose Built Two Bedroom Flat +
  • Allocated Parking For Two Cars +
  • Large Lounge Diner +
  • Separate Modern Kitchen +
  • Superb Position In Chichester City Centre +
  • Share Of Freehold +
  • Good Decorative Order Throughout +
  • Easy Access To Station And A27 +
  • Communal Gardens +
  • OFFERS IN EXCESS OF £240,000 +

Nestled in the highly sought-after Orchard Avenue, Chichester, this immaculate ground floor flat is part of a charming low-rise purpose-built block. From the moment you step inside, you'll be greeted by a spacious and welcoming entrance hall. This impressive hall not only leads to each room but is also thoughtfully designed with an abundance of storage cupboards, perfect for coats, shoes, towels, and bedding.

To your right, you'll discover a wonderfully sized separate kitchen, complete with ample space for a fridge freezer, dishwasher, and washer dryer. The kitchen boasts generous storage options for all your culinary supplies and food essentials, making it an ideal space for any home chef. Adjacent to the kitchen, the elegant lounge diner awaits. This superb room is bathed in natural light thanks to its south-facing windows, creating a bright and airy ambiance. There's plenty of space here for both a dining table and your living room furniture, making it the perfect spot for both relaxing and entertaining.

The master bedroom is a cosy retreat, offering ample space for a king-size bed and dressing table. You'll also find his and hers built-in wardrobes, providing exceptional storage and ensuring a clutter-free environment. The second bedroom is equally delightful, making an ideal guest room or children's bedroom with enough space for a free-standing wardrobe and additional furniture.
The stylish bathroom is designed with modern white tiles and features a convenient bath with an overhead shower, combining functionality with practicality.
One of the standout benefits of this property is the allocated parking space for two cars, ensuring convenience and ease for you and your guests. Additionally, there is a handy storage cupboard housed in the communal entrance and access to beautifully maintained communal gardens, offering a peaceful retreat right outside your door.

This wonderful flat also comes with a share of freehold, managed efficiently by the residents, ensuring a well-kept and friendly community atmosphere.
Location is key, and this property excels in that regard. Orchard Avenue is ideally situated close to Chichester city centre, where a myriad of activities and amenities await. Enjoy world-class performances at the renowned Chichester Festival Theatre, explore the historic Chichester Cathedral, or take a leisurely stroll through the picturesque city streets. For commuters, Chichester Station is within walking distance, providing direct lines to London and Gatwick, making travel a breeze.

Families will appreciate the proximity to top local schools, ensuring an excellent education for children of all ages. This ground floor flat in Orchard Avenue truly offers the best of both worlds - a tranquil, well-appointed home in a vibrant and convenient location. Don't miss your chance to make this exceptional property your own!

Agent Details

Solomons Estate Agents, Chichester

01243 973407

Next Steps?

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