2 Bed Flat, Single Let, Chichester, PO19 6EA, £240,000

Longley Road, Chichester, West Sussex, PO19 6EA - 2 views - 3 months ago

Leasehold
BTL
ROI: 3%
~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£3.5K/m²

Value Estimate

£249,581
BMV4%

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 - £1,750

Rent Estimate

£1,195

Running Costs/mo

£1,009

Cashflow/mo

£186

Cashflow/yr

£2,232

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £123.8K to £450K, average is £257.5K. £2K/m² to £5.1K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£353K03/210.02 mi220, Longley Road, Chichester, West Sussex PO19 6EA2
£260K06/230.02 mi246, Longley Road, Chichester, West Sussex PO19 6EA2
£250K05/210.06 mi66, Longley Road, Chichester, West Sussex PO19 6DD2
£260K08/230.06 mi138, Longley Road, Chichester, West Sussex PO19 6DD2
£352.5K02/240.11 mi4, Penny Acre, Chichester, West Sussex PO19 6DY2
£200K09/210.25 mi156, Winterbourne Road, Chichester, West Sussex PO19 6RS2
£225K03/230.25 mi160, Winterbourne Road, Chichester, West Sussex PO19 6RS2
£213K03/210.47 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£213K03/210.47 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£210K11/220.47 mi46, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£240K10/230.51 mi19, Broyle Close, Chichester, West Sussex PO19 6BG2
£186.5K10/230.53 mi87, Lennox Road, Chichester, West Sussex PO19 6SZ2
£212.5K03/210.53 mi30, Lennox Road, Chichester, West Sussex PO19 6SY2
£365K02/210.59 miFlat 6, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£310K06/210.59 miFlat 23, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£450K01/240.59 miFlat 19, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£395K08/230.63 miFlat 2, Ladygrove, Chestnut Avenue, Chichester, West Sussex PO19 5QD2
£426K11/200.63 miFlat 4, Ladygrove, Chestnut Avenue, Chichester, West Sussex PO19 5QD2
£415K01/230.63 miFlat 8, Ladygrove, Chestnut Avenue, Chichester, West Sussex PO19 5QD2
£269K07/210.63 miFlat 23, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£269.5K06/210.63 miFlat 10, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£270K03/210.63 miFlat 19, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£255K05/210.63 miFlat 29, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£251.8K12/200.63 miFlat 21, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£238K09/210.65 miFlat 11, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£237K01/230.65 miFlat 17, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£360K01/210.66 miFlat 3, Garden House, The Avenue, Chichester, West Sussex PO19 5PT2
£262K12/200.67 miFlat 18, Downland Court, Somerstown, Chichester, West Sussex PO19 6AQ2
£320K02/230.77 mi4, Plainwood Close, Chichester, West Sussex PO19 5YB2
£220K12/220.79 mi33, Parchment Street, Chichester, West Sussex PO19 3BX2
£217K03/210.82 mi36, Tozer Way, Chichester, West Sussex PO19 7LG2
£275K03/210.84 miFlat 7, Regnum Court, North Walls, Chichester, West Sussex PO19 1BZ2
£275K03/230.85 mi4, Stride Close, Chichester, West Sussex PO19 7WX2
£240K03/230.86 mi1, Orchard Gardens, Chichester, West Sussex PO19 1DG2
£355K11/200.87 mi100, Shippam Street, Chichester, West Sussex PO19 1AY2
£280K03/240.88 mi92, St Agnes Place, Chichester, West Sussex PO19 7TU2
£336K05/230.88 mi65, St Agnes Place, Chichester, West Sussex PO19 7TU2
£123.8K09/210.9 mi123, St Agnes Place, Chichester, West Sussex PO19 7TY2
£248K06/210.9 mi2b, St Cyriacs, Chichester, West Sussex PO19 1AN2
£369K10/220.9 mi11, St Agnes Place, Chichester, West Sussex PO19 7TN2
£330K05/240.9 mi6, St Agnes Place, Chichester, West Sussex PO19 7TN2
£345K07/230.9 mi31, St Agnes Place, Chichester, West Sussex PO19 7TN2
£212.5K06/230.9 mi5a, Crane Street, Chichester, West Sussex PO19 1LH2
£213K08/230.93 miFlat 5, Eastgate Court, The Hornet, Chichester, West Sussex PO19 7JX2
£270K02/210.94 miFlat, 75a, North Street, Chichester, West Sussex PO19 1LQ2
£235K12/220.95 miFlat 5, Sharp Garland House, East Walls, Chichester, West Sussex PO19 1EX2
£242.8K01/210.95 mi2a, Whyke Road, Chichester, West Sussex PO19 7AL2
£200K01/210.96 miFlat 8, Bayton Court, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£200K01/210.96 miFlat 8, Bayton Court, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£190K12/230.96 miBayton Court, Flat 12, Velyn Avenue, Chichester, West Sussex PO19 7PA2

Local Rents

38 rents from £1.1K/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,29509/240.01 miLongley Road, Chichester, PO192
£1,25007/240.02 miLongley Road, Chichester, PO192
£1,25008/240.06 miLongley Road, Graylingwell Park, Chichester2
£1,50009/240.17 miUpper Mill Mews, Chichester2
£1,35004/250.2 mi-2
£1,40007/240.25 miLloyd Road, Chichester2
£1,40007/240.25 miLloyd Road, Chichester2
£1,25007/240.26 miMcNeil House, Charlotte Avenue, Rousillon Park, Chichester, PO192
£1,27508/240.3 miBaxendale Road, Chichester2
£1,20007/240.3 miWinterbourne Road, Chichester2
£1,25007/240.3 miBarnfield Drive, Chichester2
£1,55007/240.32 mi2 bedroom End Terrace House in Chichester2
£1,30008/240.33 miBaxendale Road, Chichester, PO192
£1,55007/240.36 miMaplehurst Road Chichester PO192
£1,35006/240.41 miCharlotte Avenue, Chichester2
£1,25008/240.43 miPeregrine Court Swanfield Drive PO192
£1,30007/240.45 miWolfe Close, Chichester2
£1,10007/240.47 miBewick Gardens, Chichester, PO192
£1,20007/240.47 miBewick Gardens Chichester PO192
£1,25007/240.47 mi-2
£1,25006/240.47 miBewick Gardens, Chichester, PO192
£1,12506/240.47 mi-2
£1,30008/240.48 mi7 Wolfe Close, Chicheste2
£1,19506/240.48 mi-2
£1,19506/240.48 mi-2
£1,19506/240.48 mi-2
£1,25007/240.48 miBewick Gardens, Chichester2
£1,19507/240.49 mi-2
£1,20012/240.49 mi-2
£1,19506/240.5 mi-2
£1,75007/240.5 miHighland Road, Chichester2
£1,10006/240.52 miBewick Gardens, Chichester, PO192
£1,20007/240.56 miLennox Road, Chichester2
£1,35008/240.57 miThe Lane, Chichester2
£1,25007/240.59 miLavant Road, Chichester, PO192
£1,25004/250.6 mi-2
£1,20008/240.61 miMelbourne Road, Chichester2
£1,50007/240.62 miGerard Walk, Westhampnett2

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

1 miles away

Nearest school

0.30 miles away

Nearest train station

1.34 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

January 24, 2025

Floor Plans

Description

A smartly presented well appointed apartment, situated close to greenspace at Graylingwell Park, offering two bedrooms, open plan kitchen/reception accommodation, allocated parking.

Located close to Graylingwell Park, this bright two bedroom apartment is situated on the second floor and offers well lit modern accommodation.

The open plan living space comprises a sitting room / dining room of good size and this space enjoys a bright outlook with a deep window to one side and a glazed door with side panel to the other which leads onto a Juliette balcony.

The kitchen is located off the sitting room / dining room and is fitted with a variety of both base and eye level units, integral hob and oven with extractor.

There are two bedrooms, a double and a single, and these are served by a bathroom located off the entrance hall.

An allocated parking space is located close by.

Location

Longley Road is situated in a superb position on the edge of the Graylingwell Park development, which enjoys 85 acres of parkland and is within easy reach of Oaklands Park, Chichester Festival Theatre, Rugby Club and Tennis Club.

Grayllingwell has its own chapel and pavilion community buildings incorporating cafés and community events such as comedy and music evenings, yoga, spa treatments and educational courses. There is also an on-site pre-school, children's park and outdoor gym. Chichester city centre also offers a comprehensive range of shopping facilities arranged within a partly pedestrianised centre including a wide range of restaurants, bistros and bars.

Chichester has a mainline station providing access to London Victoria in approximately 1 hour 40 minutes. Goodwood can be found approximately 3.5 miles to the north and the Blue Flag beaches of West Wittering and the National Trust Reserve at East Head are some 8 miles to the south.

Agent Details

Tod Anstee, Chichester

01243 523723

Next Steps?

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