2 Bed Flat, Single Let, Chichester, PO20 2JP, £250,000

Sandpiper Road, Chichester, West Sussex, PO20 2JP - 2 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+22 photos

ValuationFair Value

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

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£246,609

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£1,150 - £1,550

Rent Estimate

£1,295

Running Costs/mo

£1,060

Cashflow/mo

£235

Cashflow/yr

£2,817

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £123.8K to £450K, average is £249K. £2K/m² to £5.1K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£275K03/230.84 mi4, Stride Close, Chichester, West Sussex PO19 7WX2
£186.5K10/230.87 mi87, Lennox Road, Chichester, West Sussex PO19 6SZ2
£213K03/210.88 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£213K03/210.88 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£210K11/220.88 mi46, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£212.5K03/210.89 mi30, Lennox Road, Chichester, West Sussex PO19 6SY2
£242.8K01/210.98 mi2a, Whyke Road, Chichester, West Sussex PO19 7AL2
£217K03/211.01 mi36, Tozer Way, Chichester, West Sussex PO19 7LG2
£123.8K09/211.05 mi123, St Agnes Place, Chichester, West Sussex PO19 7TY2
£353K03/211.06 mi220, Longley Road, Chichester, West Sussex PO19 6EA2
£260K06/231.06 mi246, Longley Road, Chichester, West Sussex PO19 6EA2
£213K08/231.09 miFlat 5, Eastgate Court, The Hornet, Chichester, West Sussex PO19 7JX2
£280K03/241.09 mi92, St Agnes Place, Chichester, West Sussex PO19 7TU2
£336K05/231.09 mi65, St Agnes Place, Chichester, West Sussex PO19 7TU2
£369K10/221.1 mi11, St Agnes Place, Chichester, West Sussex PO19 7TN2
£330K05/241.1 mi6, St Agnes Place, Chichester, West Sussex PO19 7TN2
£345K07/231.1 mi31, St Agnes Place, Chichester, West Sussex PO19 7TN2
£200K01/211.13 miFlat 8, Bayton Court, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£200K01/211.13 miFlat 8, Bayton Court, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£190K12/231.13 miBayton Court, Flat 12, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£250K05/211.13 mi66, Longley Road, Chichester, West Sussex PO19 6DD2
£260K08/231.13 mi138, Longley Road, Chichester, West Sussex PO19 6DD2
£352.5K02/241.14 mi4, Penny Acre, Chichester, West Sussex PO19 6DY2
£197.5K06/211.14 mi11, Saxon Meadow, Tangmere, Chichester, West Sussex PO20 2GA2
£200K09/211.23 mi156, Winterbourne Road, Chichester, West Sussex PO19 6RS2
£225K03/231.23 mi160, Winterbourne Road, Chichester, West Sussex PO19 6RS2
£180K05/211.26 mi15a, Bayley Road, Tangmere, Chichester, West Sussex PO20 2ET2
£355K11/201.28 mi100, Shippam Street, Chichester, West Sussex PO19 1AY2
£247.5K11/231.29 mi54b, Lyndhurst Road, Chichester, West Sussex PO19 7PE2
£235K12/221.3 miFlat 5, Sharp Garland House, East Walls, Chichester, West Sussex PO19 1EX2
£380K08/231.34 mi21b, St Johns Street, Chichester, West Sussex PO19 1UP2
£238K09/211.41 miFlat 11, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£237K01/231.41 miFlat 17, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£270K02/211.44 miFlat, 75a, North Street, Chichester, West Sussex PO19 1LQ2
£365K02/211.45 miFlat 6, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£310K06/211.45 miFlat 23, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£450K01/241.45 miFlat 19, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£248K06/211.47 mi2b, St Cyriacs, Chichester, West Sussex PO19 1AN2
£275K03/211.47 miFlat 7, Regnum Court, North Walls, Chichester, West Sussex PO19 1BZ2
£212.5K06/231.47 mi5a, Crane Street, Chichester, West Sussex PO19 1LH2
£262K12/201.47 miFlat 18, Downland Court, Somerstown, Chichester, West Sussex PO19 6AQ2
£240K10/231.56 mi19, Broyle Close, Chichester, West Sussex PO19 6BG2
£240K03/231.56 mi1, Orchard Gardens, Chichester, West Sussex PO19 1DG2
£220K12/221.58 mi33, Parchment Street, Chichester, West Sussex PO19 3BX2
£395K08/231.66 miFlat 2, Ladygrove, Chestnut Avenue, Chichester, West Sussex PO19 5QD2
£426K11/201.66 miFlat 4, Ladygrove, Chestnut Avenue, Chichester, West Sussex PO19 5QD2
£415K01/231.66 miFlat 8, Ladygrove, Chestnut Avenue, Chichester, West Sussex PO19 5QD2
£269K07/211.69 miFlat 23, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£270K03/211.7 miFlat 19, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£251.8K12/201.7 miFlat 21, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2

Local Rents

11 rents from £1.1K/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35007/240.05 miSandpiper Road, Chichester2
£1,39505/240.31 mi-2
£1,40006/240.41 miSurtees Street, Westhampnett, Chichester2
£1,29506/240.45 miFairman Road, Westhamptnett, Chichester, PO182
£1,29506/240.45 miHamilton Way, Westhampnett, Chichester, PO182
£1,50007/240.47 miGerard Walk, Westhampnett2
£1,15006/240.49 miChurch Road, Chichester2
£1,50006/240.5 miHamilton Way, Chichester2
£1,55006/240.5 miHill Road Westhampnett PO182
£1,38512/240.53 mi-2
£1,35001/240.55 mi-2

Local Area Statistics

Population in PO20

32,437

Population in Chichester

75,877

Town centre distance

1.52 miles away

Nearest school

0.30 miles away

Nearest train station

1.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £250,000

January 17, 2025

Floor Plans

Description

  • Spacious top floor apartment situated in popular, modern development +
  • Excellent condition throughout with fitted kitchen appliances +
  • Easy access into Chichester's city centre & onto the A27 +
  • Great public transport links +
  • Light & airy accommodation +
  • Ideal first home or investment property +

A modern and beautifully presented two-bedroom apartment, located within the popular Shopwhyke Lakes development. The property is well laid out and very well-proportioned living space. The property comes with a stunning open plan kitchen dining plus a lovely living space, which has a light and bright feel. The property boasts two double bedrooms. A modern bathroom and functional entrance hall completes the accommodation. There is a nearby recreational park and lake. Internal viewing strongly recommended to appreciate the space and the excellent decorative order of the property.

Room sizes:

  • Hallway
  • Lounge/Kitchen: 25'0 x 12'9 (7.63m x 3.89m)
  • Bedroom 1: 12'2 x 11'2 (3.71m x 3.41m)
  • En-Suite Shower Room
  • Bedroom 2: 12'2 x 8'6 (3.71m x 2.59m)
  • Bathroom
  • Allocated Parking
  • Communal Gardens  
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Cubitt & West, Chichester

01243 215656

Next Steps?

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