2 Bed Flat, Single Let, Chichester, PO19 7JY, £180,000

49 Melbourne Road, Chichester, West Sussex, PO19 7JY - 4 views - 6 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£123.8K - £450K
Sold Prices/m²£2K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£227,550
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,750

Total Cash In

£51,750

 

 

Cash Out

 

Rent Range

£995 - £1,450

Rent Estimate

£1,150

Running Costs/mo

£813

Cashflow/mo

£338

Cashflow/yr

£4,050

ROI

8%

Gross Yield

8%

Local Sold Prices

47 sold prices from £123.8K to £450K, average is £247.5K. £2K/m² to £5.1K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£212.5K03/210.07 mi30, Lennox Road, Chichester, West Sussex PO19 6SY2
£186.5K10/230.09 mi87, Lennox Road, Chichester, West Sussex PO19 6SZ2
£213K03/210.13 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£213K03/210.13 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£210K11/220.13 mi46, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£217K03/210.23 mi36, Tozer Way, Chichester, West Sussex PO19 7LG2
£275K03/230.29 mi4, Stride Close, Chichester, West Sussex PO19 7WX2
£280K03/240.3 mi92, St Agnes Place, Chichester, West Sussex PO19 7TU2
£336K05/230.3 mi65, St Agnes Place, Chichester, West Sussex PO19 7TU2
£123.8K09/210.31 mi123, St Agnes Place, Chichester, West Sussex PO19 7TY2
£369K10/220.32 mi11, St Agnes Place, Chichester, West Sussex PO19 7TN2
£330K05/240.32 mi6, St Agnes Place, Chichester, West Sussex PO19 7TN2
£345K07/230.32 mi31, St Agnes Place, Chichester, West Sussex PO19 7TN2
£213K08/230.35 miFlat 5, Eastgate Court, The Hornet, Chichester, West Sussex PO19 7JX2
£242.8K01/210.36 mi2a, Whyke Road, Chichester, West Sussex PO19 7AL2
£200K01/210.38 miFlat 8, Bayton Court, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£200K01/210.38 miFlat 8, Bayton Court, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£190K12/230.38 miBayton Court, Flat 12, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£355K11/200.38 mi100, Shippam Street, Chichester, West Sussex PO19 1AY2
£235K12/220.43 miFlat 5, Sharp Garland House, East Walls, Chichester, West Sussex PO19 1EX2
£380K08/230.48 mi21b, St Johns Street, Chichester, West Sussex PO19 1UP2
£238K09/210.5 miFlat 11, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£237K01/230.5 miFlat 17, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£270K02/210.53 miFlat, 75a, North Street, Chichester, West Sussex PO19 1LQ2
£275K03/210.54 miFlat 7, Regnum Court, North Walls, Chichester, West Sussex PO19 1BZ2
£248K06/210.54 mi2b, St Cyriacs, Chichester, West Sussex PO19 1AN2
£212.5K06/230.54 mi5a, Crane Street, Chichester, West Sussex PO19 1LH2
£352.5K02/240.56 mi4, Penny Acre, Chichester, West Sussex PO19 6DY2
£262K12/200.57 miFlat 18, Downland Court, Somerstown, Chichester, West Sussex PO19 6AQ2
£365K02/210.58 miFlat 6, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£310K06/210.58 miFlat 23, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£450K01/240.58 miFlat 19, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£247.5K11/230.58 mi54b, Lyndhurst Road, Chichester, West Sussex PO19 7PE2
£353K03/210.59 mi220, Longley Road, Chichester, West Sussex PO19 6EA2
£260K06/230.59 mi246, Longley Road, Chichester, West Sussex PO19 6EA2
£250K05/210.6 mi66, Longley Road, Chichester, West Sussex PO19 6DD2
£260K08/230.6 mi138, Longley Road, Chichester, West Sussex PO19 6DD2
£240K03/230.63 mi1, Orchard Gardens, Chichester, West Sussex PO19 1DG2
£220K12/220.66 mi33, Parchment Street, Chichester, West Sussex PO19 3BX2
£190K07/210.8 miFlat 27, The Maltings, Henty Gardens, Chichester, West Sussex PO19 3DW2
£330K03/230.84 mi2, Henty Gardens, Chichester, West Sussex PO19 3DL2
£395K06/210.84 mi6, Henty Gardens, Chichester, West Sussex PO19 3DL2
£245K08/230.84 mi17, Henty Gardens, Chichester, West Sussex PO19 3DL2
£200K09/210.84 mi156, Winterbourne Road, Chichester, West Sussex PO19 6RS2
£225K03/230.84 mi160, Winterbourne Road, Chichester, West Sussex PO19 6RS2
£240K10/230.84 mi19, Broyle Close, Chichester, West Sussex PO19 6BG2
£330K06/210.93 mi12, St Bartholomews Close, Chichester, West Sussex PO19 3EP2

Local Rents

50 rents from £995/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20008/240.04 miMelbourne Road, Chichester2
£1,20007/240.06 miLennox Road, Chichester2
£1,25004/250.07 mi-2
£1,39505/240.08 mi-2
£1,19506/240.11 mi-2
£1,20012/240.11 mi-2
£1,19506/240.11 mi-2
£1,19506/240.11 mi-2
£1,25007/240.11 miBewick Gardens, Chichester2
£1,19506/240.11 mi-2
£1,19507/240.12 mi-2
£1,20007/240.13 miBewick Gardens Chichester PO192
£1,12506/240.14 mi-2
£1,10006/240.14 miBewick Gardens, Chichester, PO192
£1,25007/240.14 mi-2
£1,25006/240.14 miBewick Gardens, Chichester, PO192
£1,10007/240.15 miBewick Gardens, Chichester, PO192
£1,19512/240.17 mi-2
£1,29507/240.23 miJubilee Road, Chichester PO192
£1,25008/240.24 miPeregrine Court Swanfield Drive PO192
£1,30008/240.28 miBaxendale Road, Chichester, PO192
£1,35008/240.29 mi2 bedroom Terraced House in Chichester2
£1,35008/240.29 mi2 bedroom property in Chichester2
£1,30007/240.29 miStride Close, Chichester, West Sussex, PO192
£1,15009/240.3 miStride Close, Chichester2
£1,25007/240.3 miSt. Agnes Place Chichester PO192
£99506/240.3 miOving Road, Chichester2
£1,15007/240.31 miSt. Agnes Place, Chichester2
£1,25008/240.31 miSt Agnes Place Chichester PO192
£1,35006/240.31 mi-2
£1,15006/240.31 mi-2
£1,25007/240.32 miSt James` Square, Chichester2
£1,27508/240.32 miBaxendale Road, Chichester2
£1,25007/240.32 miSt Agnes Place Chichester PO192
£1,40007/240.33 miOving Road, Chichester2
£1,10007/240.33 miSt Pancras, Chichester2
£1,45007/240.33 miOving Road, Chichester2
£1,35008/240.33 miFranklin Place, Chichester2
£1,20008/240.35 miSt Agnes Place, Chichester2
£1,20006/240.35 miPrice House, Chichester, West Sussex2
£1,35007/240.35 miSt James, Chichester2
£1,29506/240.35 miUnicorn House, Eastgate Square, Chichester, PO192
£1,40008/240.35 miUnicorn House, Eastgate Square, Chichester, PO192
£1,05006/240.37 miVelyn Avenue, Chichester2
£1,22506/240.37 mi-2
£1,17506/240.37 mi-2
£1,17505/240.37 mi-2
£1,25007/240.37 miMcNeil House, Charlotte Avenue, Rousillon Park, Chichester, PO192
£1,25007/240.38 miGordon House, Chichester2
£1,15009/240.38 miVelyn Avenue, Chichester PO192

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.60 miles away

Nearest school

0.20 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £180,000

February 28, 2025

Listed for £185,000

November 5, 2024

Sold for £90,000

2009

Sold for £44,000

1997

Floor Plans

Description

  • First Floor Apartment +
  • Age-restricted +
  • Two Bedrooms +
  • New Kitchen & Shower Room +
  • Private Entrance +
  • Communal Garden +
  • Allocated Parking +
  • Walking Distance from Chichester City Centre +

This first-floor, age-restricted apartment is conveniently located within walking distance of Chichester city centre and benefits from a private entrance, as well as a newly installed kitchen and shower room.

From the porch, private stairs lead up to the property which boasts a living room with attractive wooden flooring and space for a dining table and chairs. The adjacent modern kitchen features stylish units and integrated appliances.

There is a double and a single bedroom, both of which benefit from fitted wardrobes. The new bathroom has a large walk-in shower. Externally there is a pretty communal garden for all the residents to relax in, and the property comes with an allocated parking space.

The apartment is situated in the heart of the Cathedral City of Chichester, which provides various cultural, leisure, and shopping facilities, including the internationally renowned Festival Theatre, Pallant House Gallery, and museums.

The South Downs National Park can be found to the north of Chichester and provides miles of beautiful walks and rides. Approximately 3½ miles to the North lies Goodwood with its’ famous racecourse, golf courses and airfield which is also home to the annual Festival of Speed and The Revival.

Some of the best beaches on the south coast are just south of the city. Chichester benefits from a mainline rail service to London Victoria (approximately 90 minutes) and the A27 provides access across the Coast to Brighton to the East and Southampton to the West.

Agents Note: Upon acceptance of an offer, White & Brooks will complete an online identity check provided by Veriphy. The cost of this check to the successful purchaser is £69 including VAT per purchase which will be payable in advance to White & Brooks Ltd. This charge verifies your identity in line with our obligations as requested by HMRC and documents to prove your identity and address will be required.

Agent Details

White & Brooks, Chichester

01243 973413

Next Steps?

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