2 Bed Flat, Single Let, Chichester, PO19 7HF, £125,000

14 Charles Avenue, Chichester, West Sussex, PO19 7HF - 3 views - 8 months ago

Leasehold
Auction
BTL
ROI: 11%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£123.8K - £380K
Sold Prices/m²£2K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£151,250
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£800 - £1,500

Rent Estimate

£913

Running Costs/mo

£593

Cashflow/mo

£320

Cashflow/yr

£3,837

ROI

11%

Gross Yield

9%

Local Sold Prices

30 sold prices from £123.8K to £380K, average is £240.4K. £2K/m² to £5.1K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£275K03/230.24 mi4, Stride Close, Chichester, West Sussex PO19 7WX2
£242.8K01/210.32 mi2a, Whyke Road, Chichester, West Sussex PO19 7AL2
£217K03/210.42 mi36, Tozer Way, Chichester, West Sussex PO19 7LG2
£123.8K09/210.43 mi123, St Agnes Place, Chichester, West Sussex PO19 7TY2
£213K08/230.46 miFlat 5, Eastgate Court, The Hornet, Chichester, West Sussex PO19 7JX2
£280K03/240.49 mi92, St Agnes Place, Chichester, West Sussex PO19 7TU2
£336K05/230.49 mi65, St Agnes Place, Chichester, West Sussex PO19 7TU2
£369K10/220.49 mi11, St Agnes Place, Chichester, West Sussex PO19 7TN2
£330K05/240.49 mi6, St Agnes Place, Chichester, West Sussex PO19 7TN2
£345K07/230.49 mi31, St Agnes Place, Chichester, West Sussex PO19 7TN2
£200K01/210.49 miFlat 8, Bayton Court, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£200K01/210.49 miFlat 8, Bayton Court, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£190K12/230.49 miBayton Court, Flat 12, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£186.5K10/230.51 mi87, Lennox Road, Chichester, West Sussex PO19 6SZ2
£212.5K03/210.52 mi30, Lennox Road, Chichester, West Sussex PO19 6SY2
£213K03/210.56 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£213K03/210.56 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£210K11/220.56 mi46, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£247.5K11/230.61 mi54b, Lyndhurst Road, Chichester, West Sussex PO19 7PE2
£235K12/220.69 miFlat 5, Sharp Garland House, East Walls, Chichester, West Sussex PO19 1EX2
£355K11/200.7 mi100, Shippam Street, Chichester, West Sussex PO19 1AY2
£380K08/230.72 mi21b, St Johns Street, Chichester, West Sussex PO19 1UP2
£270K02/210.87 miFlat, 75a, North Street, Chichester, West Sussex PO19 1LQ2
£248K06/210.92 mi2b, St Cyriacs, Chichester, West Sussex PO19 1AN2
£212.5K06/230.92 mi5a, Crane Street, Chichester, West Sussex PO19 1LH2
£275K03/210.95 miFlat 7, Regnum Court, North Walls, Chichester, West Sussex PO19 1BZ2
£238K09/210.98 miFlat 11, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£237K01/230.98 miFlat 17, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£353K03/210.99 mi220, Longley Road, Chichester, West Sussex PO19 6EA2
£260K06/230.99 mi246, Longley Road, Chichester, West Sussex PO19 6EA2

Local Rents

50 rents from £800/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£95006/240 miChichester2
£1,35008/240.1 miFlorence Road, Chichester, PO192
£1,15007/240.12 miFlorence Road, Chichester2
£1,29508/240.12 miVictoria Road, Chichester, West Sussex, PO192
£1,20008/240.14 mi2 bedroom End Terrace House in Chichester2
£1,25006/240.16 miBuckingham Drive, Chichester2
£1,45007/240.16 miWindsor Road, Chichester2
£1,35007/240.16 miSt James, Chichester2
£1,19507/240.19 miOsborne Crescent, Chichester2
£1,15006/240.2 miChurch Road, Chichester2
£1,25007/240.22 miSt James` Square, Chichester2
£1,15009/240.22 miStride Close, Chichester2
£1,50007/240.23 miChatsworth Road, Chichester2
£1,45007/240.24 miOving Road, Chichester2
£1,30007/240.24 miStride Close, Chichester, West Sussex, PO192
£1,29507/240.24 miBognor Road, Chichester2
£1,15008/240.24 miBognor Road, Chichester2
£1,40007/240.24 miOving Road, Chichester2
£1,30008/240.26 miCaernarvon Road, Chichester2
£1,38512/240.26 mi-2
£1,35008/240.27 mi2 bedroom Terraced House in Chichester2
£1,35008/240.27 mi2 bedroom property in Chichester2
£1,35008/240.27 miCyril Way, Chichester, PO192
£1,22507/240.29 miRichard Road, Chichester2
£1,40003/240.33 mi-2
£99506/240.33 miOving Road, Chichester2
£80006/240.37 mi-2
£1,20006/240.38 miPrice House, Chichester, West Sussex2
£1,25006/240.41 miWinden Avenue, Chichester PO192
£1,15007/240.43 miSt. Agnes Place, Chichester2
£1,25008/240.43 miSt Agnes Place Chichester PO192
£1,39505/240.43 mi-2
£1,40008/240.45 mi-2
£1,05006/240.47 miCambrai Avenue, Chichester2
£1,25007/240.49 miSt. Agnes Place Chichester PO192
£1,25007/240.49 miSt Agnes Place Chichester PO192
£1,15009/240.49 miVelyn Avenue, Chichester PO192
£1,20007/240.49 miLennox Road, Chichester2
£1,15006/240.49 mi-2
£1,10006/240.49 miBewick Gardens, Chichester, PO192
£1,05006/240.5 miVelyn Avenue, Chichester2
£1,20008/240.5 miSt Agnes Place, Chichester2
£1,22506/240.51 mi-2
£1,17506/240.51 mi-2
£1,17505/240.51 mi-2
£1,20008/240.52 miMelbourne Road, Chichester2
£1,35006/240.52 mi-2
£1,39505/240.54 mi-2
£1,19506/240.55 mi-2
£1,19507/240.55 mi-2

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.94 miles away

Nearest school

0.30 miles away

Nearest train station

1.08 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £125,000

August 24, 2024

Sold for £118,000

2003

Floor Plans

Description

A well-presented two bedroom upper floor flat with plenty of parking located within striking distance of Chichester city centre. The property has well-proportioned accommodation comprising two good bedrooms a generous open plan sitting/dining room. Outside the property is set in communal grounds with plenty of unallocated residents parking. This property would make an attractive investment purchase or home, and is offered with no onward chain.

Auctioneer Comments This property is for sale by the Modern Method of Auction. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer’s solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability, and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services, and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Agent Details

King & Chasemore, Chichester

020 3872 4877

Next Steps?

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