2 Bed Flat, Single Let, Chichester, PO19 6SR, £187,000

16 Douglas Martin Road, Chichester, PO19 6SR - 2 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 5%
72 m²
+14 photos

ValuationUndervalued

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

 

 

Square Metres

72 m²
Price/m²£2.6K/m²

Value Estimate

£224,400
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,750

Stamp Duty & Legal Fees

£6,810

Total Cash In

£53,560

 

 

Cash Out

 

Rent Range

£995 - £1,450

Rent Estimate

£1,023

Running Costs/mo

£809

Cashflow/mo

£214

Cashflow/yr

£2,568

ROI

5%

Gross Yield

7%

Local Sold Prices

48 sold prices from £123.8K to £450K, average is £246.3K. £2K/m² to £5.1K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£212.5K03/210.05 mi30, Lennox Road, Chichester, West Sussex PO19 6SY2
£186.5K10/230.07 mi87, Lennox Road, Chichester, West Sussex PO19 6SZ2
£213K03/210.08 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£213K03/210.08 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£210K11/220.08 mi46, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£217K03/210.3 mi36, Tozer Way, Chichester, West Sussex PO19 7LG2
£275K03/230.35 mi4, Stride Close, Chichester, West Sussex PO19 7WX2
£280K03/240.36 mi92, St Agnes Place, Chichester, West Sussex PO19 7TU2
£336K05/230.36 mi65, St Agnes Place, Chichester, West Sussex PO19 7TU2
£123.8K09/210.38 mi123, St Agnes Place, Chichester, West Sussex PO19 7TY2
£369K10/220.39 mi11, St Agnes Place, Chichester, West Sussex PO19 7TN2
£330K05/240.39 mi6, St Agnes Place, Chichester, West Sussex PO19 7TN2
£345K07/230.39 mi31, St Agnes Place, Chichester, West Sussex PO19 7TN2
£213K08/230.41 miFlat 5, Eastgate Court, The Hornet, Chichester, West Sussex PO19 7JX2
£355K11/200.42 mi100, Shippam Street, Chichester, West Sussex PO19 1AY2
£242.8K01/210.44 mi2a, Whyke Road, Chichester, West Sussex PO19 7AL2
£200K01/210.45 miFlat 8, Bayton Court, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£200K01/210.45 miFlat 8, Bayton Court, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£190K12/230.45 miBayton Court, Flat 12, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£238K09/210.48 miFlat 11, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£237K01/230.48 miFlat 17, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£235K12/220.48 miFlat 5, Sharp Garland House, East Walls, Chichester, West Sussex PO19 1EX2
£352.5K02/240.48 mi4, Penny Acre, Chichester, West Sussex PO19 6DY2
£353K03/210.52 mi220, Longley Road, Chichester, West Sussex PO19 6EA2
£260K06/230.52 mi246, Longley Road, Chichester, West Sussex PO19 6EA2
£380K08/230.52 mi21b, St Johns Street, Chichester, West Sussex PO19 1UP2
£250K05/210.53 mi66, Longley Road, Chichester, West Sussex PO19 6DD2
£260K08/230.53 mi138, Longley Road, Chichester, West Sussex PO19 6DD2
£365K02/210.54 miFlat 6, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£275K03/210.54 miFlat 7, Regnum Court, North Walls, Chichester, West Sussex PO19 1BZ2
£310K06/210.54 miFlat 23, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£450K01/240.54 miFlat 19, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£262K12/200.54 miFlat 18, Downland Court, Somerstown, Chichester, West Sussex PO19 6AQ2
£248K06/210.55 mi2b, St Cyriacs, Chichester, West Sussex PO19 1AN2
£270K02/210.55 miFlat, 75a, North Street, Chichester, West Sussex PO19 1LQ2
£212.5K06/230.56 mi5a, Crane Street, Chichester, West Sussex PO19 1LH2
£240K03/230.62 mi1, Orchard Gardens, Chichester, West Sussex PO19 1DG2
£220K12/220.64 mi33, Parchment Street, Chichester, West Sussex PO19 3BX2
£247.5K11/230.65 mi54b, Lyndhurst Road, Chichester, West Sussex PO19 7PE2
£200K09/210.77 mi156, Winterbourne Road, Chichester, West Sussex PO19 6RS2
£225K03/230.77 mi160, Winterbourne Road, Chichester, West Sussex PO19 6RS2
£240K10/230.78 mi19, Broyle Close, Chichester, West Sussex PO19 6BG2
£190K07/210.81 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
£245K08/230.85 mi17, Henty Gardens, Chichester, West Sussex PO19 3DL2
£330K06/210.94 mi12, St Bartholomews Close, Chichester, West Sussex PO19 3EP2
£195.5K06/210.99 miFirst Floor Flat, 32, Carleton Road, Chichester, West Sussex PO19 3NU2

Local Rents

50 rents from £995/mo to £1.4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.05 mi-2
£1,19506/240.05 mi-2
£1,19506/240.05 mi-2
£1,25007/240.06 miBewick Gardens, Chichester2
£1,19506/240.06 mi-2
£1,19506/240.06 mi-2
£1,20007/240.07 miLennox Road, Chichester2
£1,19507/240.08 mi-2
£1,20007/240.08 miBewick Gardens Chichester PO192
£1,12506/240.09 mi-2
£1,25004/250.09 mi-2
£1,20008/240.09 miMelbourne Road, Chichester2
£1,25007/240.09 mi-2
£1,25006/240.09 miBewick Gardens, Chichester, PO192
£1,10007/240.1 miBewick Gardens, Chichester, PO192
£1,39505/240.13 mi-2
£1,10006/240.13 miBewick Gardens, Chichester, PO192
£1,25008/240.2 miPeregrine Court Swanfield Drive PO192
£1,19512/240.2 mi-2
£1,30008/240.22 miBaxendale Road, Chichester, PO192
£1,29507/240.24 miJubilee Road, Chichester PO192
£1,27508/240.25 miBaxendale Road, Chichester2
£1,25007/240.3 miMcNeil House, Charlotte Avenue, Rousillon Park, Chichester, PO192
£1,25007/240.33 miBarnfield Drive, Chichester2
£1,35004/250.33 mi-2
£1,35008/240.33 miFranklin Place, Chichester2
£1,30007/240.36 miStride Close, Chichester, West Sussex, PO192
£1,35008/240.36 mi2 bedroom Terraced House in Chichester2
£1,35008/240.36 mi2 bedroom property in Chichester2
£1,15009/240.36 miStride Close, Chichester2
£1,25007/240.36 miSt. Agnes Place Chichester PO192
£1,25007/240.36 miSt James` Square, Chichester2
£1,35006/240.37 mi-2
£99506/240.37 miOving Road, Chichester2
£1,15007/240.38 miSt. Agnes Place, Chichester2
£1,25008/240.38 miSt Agnes Place Chichester PO192
£1,10007/240.38 miSt Pancras, Chichester2
£1,15006/240.38 mi-2
£1,25007/240.39 miSt Agnes Place Chichester PO192
£1,40007/240.4 miOving Road, Chichester2
£1,29506/240.4 miUnicorn House, Eastgate Square, Chichester, PO192
£1,40008/240.4 miUnicorn House, Eastgate Square, Chichester, PO192
£1,45007/240.4 miOving Road, Chichester2
£1,35007/240.41 miSt James, Chichester2
£1,20008/240.41 miSt Agnes Place, Chichester2
£1,20006/240.42 miPrice House, Chichester, West Sussex2
£1,25007/240.43 miGordon House, Chichester2
£1,05006/240.44 miVelyn Avenue, Chichester2
£1,22506/240.44 mi-2
£1,17506/240.44 mi-2

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.63 miles away

Nearest school

0.30 miles away

Nearest train station

0.92 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £187,000

December 2, 2024

Floor Plans

Description

  • No Onward Chain +
  • Spacious Apartment +
  • Private Rear Garden +
  • Storage Throughout +
  • Close Proximity To Hospital +
  • Close Proximity To Town Centre +
  • Council Band B +
  • Leasehold +

Hancock and Partners are delighted to present this spacious first-floor flat with two large bedrooms, a bright living room, a separate kitchen with fitted storage, and a family bathroom with a shower over the bath. Benefiting from a private rear garden and additional outdoor storage, the property is offered with no onward chain. Situated on Douglas Martin Road near St Richard's Hospital, it is within walking distance of Chichester's historic city centre, renowned for its shops, restaurants, and cultural landmarks, including the Chichester Festival Theatre. The location also provides easy access to local conveniences, the South Downs National Park, the Goodwood Estate, and the stunning beaches of West Wittering and East Head.

Hancock and Partners are delighted to present this spacious and well-located first-floor flat, featuring two generous bedrooms, a private garden, and the convenience of no onward chain.

Key Features

- Two large double bedrooms
- Bright and airy living room
-Separate kitchen with ample fitted storage
-Family bathroom with a shower over the bath
-Private rear garden and additional outdoor storage
-Location Highlights

Situated on Douglas Martin Road, this property enjoys a prime position near St Richard's Hospital and is just a short stroll from the historic Chichester city centre. The city offers an array of shops, restaurants, cafes, and cultural landmarks, including the renowned Chichester Festival Theatre and Pallant House Gallery.

Local conveniences include a nearby park and a convenience store, while outdoor enthusiasts will appreciate the proximity to the South Downs National Park and the Goodwood Estate. To the south, discover the picturesque Chichester Harbour and the sandy beaches of West Wittering and East Head, perfect for seaside escapes.

This property offers a blend of comfort, convenience, and access to some of the region's finest amenities—ideal for homeowners and investors alike.

Additional Information :
Tenure : Leasehold
Service Charge : £1500 per annum
Ground Rent : £10 per annum
Lease Length : 89 Years Remaining
Council Band : B

Agent Details

Hancock & Partners Limited, Chichester

01202 145340

Next Steps?

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