2 Bed Flat, Single Let, Chichester, PO19 6RW, £247,500

38, CROFT MEAD, CHICHESTER, WEST SUSSEX, PO19 6RW - 2 months ago

Leasehold
BTL
ROI: 3%
61 m²
+17 photos

ValuationOvervalued

Sold Prices£186.5K - £450K
Sold Prices/m²£2.7K/m² - £4.8K/m²

 

 

Square Metres

61 m²
Price/m²£4.1K/m²

Value Estimate

£220,862

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£61,875

Stamp Duty & Legal Fees

£8,625

Total Cash In

£70,500

 

 

Cash Out

 

Rent Range

£1,200 - £1,750

Rent Estimate

£1,200

Running Costs/mo

£1,033

Cashflow/mo

£167

Cashflow/yr

£1,999

ROI

3%

Gross Yield

6%

Local Sold Prices

31 sold prices from £186.5K to £450K, average is £260K. £2.7K/m² to £4.8K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£200K09/210.14 mi156, Winterbourne Road, Chichester, West Sussex PO19 6RS2
£225K03/230.14 mi160, Winterbourne Road, Chichester, West Sussex PO19 6RS2
£395K08/230.29 miFlat 2, Ladygrove, Chestnut Avenue, Chichester, West Sussex PO19 5QD2
£426K11/200.29 miFlat 4, Ladygrove, Chestnut Avenue, Chichester, West Sussex PO19 5QD2
£415K01/230.29 miFlat 8, Ladygrove, Chestnut Avenue, Chichester, West Sussex PO19 5QD2
£250K05/210.32 mi66, Longley Road, Chichester, West Sussex PO19 6DD2
£260K08/230.32 mi138, Longley Road, Chichester, West Sussex PO19 6DD2
£269K07/210.34 miFlat 23, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£269.5K06/210.35 miFlat 10, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£270K03/210.35 miFlat 19, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£255K05/210.35 miFlat 29, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£251.8K12/200.35 miFlat 21, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£353K03/210.36 mi220, Longley Road, Chichester, West Sussex PO19 6EA2
£260K06/230.36 mi246, Longley Road, Chichester, West Sussex PO19 6EA2
£352.5K02/240.36 mi4, Penny Acre, Chichester, West Sussex PO19 6DY2
£360K01/210.36 miFlat 3, Garden House, The Avenue, Chichester, West Sussex PO19 5PT2
£240K10/230.42 mi19, Broyle Close, Chichester, West Sussex PO19 6BG2
£320K02/230.48 mi4, Plainwood Close, Chichester, West Sussex PO19 5YB2
£365K02/210.72 miFlat 6, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£310K06/210.72 miFlat 23, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£450K01/240.72 miFlat 19, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£213K03/210.81 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£213K03/210.81 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£210K11/220.81 mi46, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£262K12/200.82 miFlat 18, Downland Court, Somerstown, Chichester, West Sussex PO19 6AQ2
£238K09/210.83 miFlat 11, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£237K01/230.83 miFlat 17, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£212.5K03/210.87 mi30, Lennox Road, Chichester, West Sussex PO19 6SY2
£186.5K10/230.87 mi87, Lennox Road, Chichester, West Sussex PO19 6SZ2
£220K12/220.92 mi33, Parchment Street, Chichester, West Sussex PO19 3BX2
£195.5K06/210.97 miFirst Floor Flat, 32, Carleton Road, Chichester, West Sussex PO19 3NU2

Local Rents

21 rents from £1.2K/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,55007/240.1 miMaplehurst Road Chichester PO192
£1,20007/240.1 miWinterbourne Road, Chichester2
£1,40007/240.13 miLloyd Road, Chichester2
£1,40007/240.13 miLloyd Road, Chichester2
£1,55007/240.23 mi2 bedroom End Terrace House in Chichester2
£1,75007/240.25 miHighland Road, Chichester2
£1,25008/240.32 miLongley Road, Graylingwell Park, Chichester2
£1,35008/240.33 miThe Lane, Chichester2
£1,25007/240.33 miLongley Road, Chichester, PO192
£1,25007/240.34 miLavant Road, Chichester, PO192
£1,29509/240.36 miLongley Road, Chichester, PO192
£1,30007/240.39 miWolfe Close, Chichester2
£1,35006/240.42 miCharlotte Avenue, Chichester2
£1,30008/240.43 mi7 Wolfe Close, Chicheste2
£1,50009/240.5 miUpper Mill Mews, Chichester2
£1,35006/240.5 miChichester2
£1,25006/240.51 mi-2
£1,25005/240.51 mi-2
£1,49507/240.52 miRew Lane, Lavant. PO19 5QH2
£1,35004/250.55 mi-2
£1,25007/240.56 miMcNeil House, Charlotte Avenue, Rousillon Park, Chichester, PO192

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

1.22 miles away

Nearest school

0.20 miles away

Nearest train station

1.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £247,500

February 13, 2025

Floor Plans

Description

  • First Floor Flat +
  • Private Entrance +
  • Large Sitting Room +
  • Fitted Kitchen/Dining Room +
  • 2 Bedrooms +
  • Bathroom +
  • Private Garden +
  • Gas Fired Central Heating +
  • Must Be Viewed +

A very well presented FIRST FLOOR FLAT in the popular Summersdale area of Chichester about a mile to the north of the city centre. NO FORWARD CHAIN.

This lovely flat has its own private double glazed entrance with a door to a footpath to a private garden and stairs to the first floor.

The spacious sitting room has a wonderful view over an open greensward and wooded copse.

The kitchen is very well fitted with good range of counter tops with cupboards and drawers under and wall cupboards over. Electric hob with extractor over and oven below. Space and plumbing for washing machine. Wall mounted gas fired boiler for central heating and hot water.

There are 2 double bedrooms and a bathroom with panel bath and shower over. Pedestal wash basin and low level WC.

Outside the property has its own private garden which is surrounded by a fence and with a gate to a parking area.

The property is held on a 125 year lease from 1988 and thus has 88 years remaining.
Ground rent - £10.00 pa. Service Charge - £1116 pa.

Disclaimer - As the seller's agent we are not surveyors or conveyancing experts and as such we cannot and do not comment on the condition of the property or issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions.

Directions - Follow the Broyle Road north from the Northgate roundabout and after about half a mile turn right into The Broadway. At the junction with Summersdale Road cross over into Winterbourne Road. Turn left into Croft Mead and the property can be found on the right hand side.

Agent Details

Sims Williams, Chichester

01243 973402

Next Steps?

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