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

54 Green Lane, Chichester, PO19 7NT - 3 views - a month ago

Leasehold
BTL
ROI: 4%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£112K - £450K
Sold Prices/m²£2K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£223,200
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Rent Range

£950 - £1,450

Rent Estimate

£978

Running Costs/mo

£778

Cashflow/mo

£200

Cashflow/yr

£2,399

ROI

4%

Gross Yield

7%

Local Sold Prices

46 sold prices from £112K to £450K, average is £247.8K. £2K/m² to £5.1K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£217K03/210.09 mi36, Tozer Way, Chichester, West Sussex PO19 7LG2
£275K03/230.1 mi4, Stride Close, Chichester, West Sussex PO19 7WX2
£242.8K01/210.14 mi2a, Whyke Road, Chichester, West Sussex PO19 7AL2
£123.8K09/210.14 mi123, St Agnes Place, Chichester, West Sussex PO19 7TY2
£280K03/240.18 mi92, St Agnes Place, Chichester, West Sussex PO19 7TU2
£336K05/230.18 mi65, St Agnes Place, Chichester, West Sussex PO19 7TU2
£213K08/230.18 miFlat 5, Eastgate Court, The Hornet, Chichester, West Sussex PO19 7JX2
£369K10/220.19 mi11, St Agnes Place, Chichester, West Sussex PO19 7TN2
£330K05/240.19 mi6, St Agnes Place, Chichester, West Sussex PO19 7TN2
£345K07/230.19 mi31, St Agnes Place, Chichester, West Sussex PO19 7TN2
£200K01/210.22 miFlat 8, Bayton Court, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£200K01/210.22 miFlat 8, Bayton Court, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£190K12/230.22 miBayton Court, Flat 12, Velyn Avenue, Chichester, West Sussex PO19 7PA2
£212.5K03/210.28 mi30, Lennox Road, Chichester, West Sussex PO19 6SY2
£186.5K10/230.29 mi87, Lennox Road, Chichester, West Sussex PO19 6SZ2
£213K03/210.34 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£213K03/210.34 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£210K11/220.34 mi46, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£355K11/200.37 mi100, Shippam Street, Chichester, West Sussex PO19 1AY2
£235K12/220.38 miFlat 5, Sharp Garland House, East Walls, Chichester, West Sussex PO19 1EX2
£247.5K11/230.42 mi54b, Lyndhurst Road, Chichester, West Sussex PO19 7PE2
£380K08/230.42 mi21b, St Johns Street, Chichester, West Sussex PO19 1UP2
£270K02/210.55 miFlat, 75a, North Street, Chichester, West Sussex PO19 1LQ2
£248K06/210.59 mi2b, St Cyriacs, Chichester, West Sussex PO19 1AN2
£212.5K06/230.59 mi5a, Crane Street, Chichester, West Sussex PO19 1LH2
£275K03/210.62 miFlat 7, Regnum Court, North Walls, Chichester, West Sussex PO19 1BZ2
£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
£240K03/230.72 mi1, Orchard Gardens, Chichester, West Sussex PO19 1DG2
£262K12/200.73 miFlat 18, Downland Court, Somerstown, Chichester, West Sussex PO19 6AQ2
£365K02/210.76 miFlat 6, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£310K06/210.76 miFlat 23, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£450K01/240.76 miFlat 19, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£352.5K02/240.79 mi4, Penny Acre, Chichester, West Sussex PO19 6DY2
£220K12/220.8 mi33, Parchment Street, Chichester, West Sussex PO19 3BX2
£353K03/210.81 mi220, Longley Road, Chichester, West Sussex PO19 6EA2
£260K06/230.81 mi246, Longley Road, Chichester, West Sussex PO19 6EA2
£250K05/210.83 mi66, Longley Road, Chichester, West Sussex PO19 6DD2
£260K08/230.83 mi138, Longley Road, Chichester, West Sussex PO19 6DD2
£190K07/210.85 miFlat 27, The Maltings, Henty Gardens, Chichester, West Sussex PO19 3DW2
£330K03/230.89 mi2, Henty Gardens, Chichester, West Sussex PO19 3DL2
£395K06/210.89 mi6, Henty Gardens, Chichester, West Sussex PO19 3DL2
£245K08/230.89 mi17, Henty Gardens, Chichester, West Sussex PO19 3DL2
£145K11/210.92 miFlat 19, Heather Court, Stockbridge Road, Chichester, West Sussex PO19 8HJ2
£112K12/200.92 miFlat 25, Heather Court, Stockbridge Road, Chichester, West Sussex PO19 8HJ2
£330K06/210.95 mi12, St Bartholomews Close, Chichester, West Sussex PO19 3EP2

Local Rents

50 rents from £950/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,35008/240.07 mi2 bedroom Terraced House in Chichester2
£1,35008/240.07 mi2 bedroom property in Chichester2
£99506/240.08 miOving Road, Chichester2
£1,30007/240.1 miStride Close, Chichester, West Sussex, PO192
£1,40007/240.11 miOving Road, Chichester2
£1,15009/240.11 miStride Close, Chichester2
£1,45007/240.12 miOving Road, Chichester2
£1,15007/240.14 miSt. Agnes Place, Chichester2
£1,25008/240.14 miSt Agnes Place Chichester PO192
£1,20006/240.14 miPrice House, Chichester, West Sussex2
£1,35007/240.17 miSt James, Chichester2
£1,25007/240.18 miSt. Agnes Place Chichester PO192
£1,15006/240.19 mi-2
£1,25007/240.19 miSt Agnes Place Chichester PO192
£1,20008/240.21 miSt Agnes Place, Chichester2
£1,35006/240.21 mi-2
£1,05006/240.22 miVelyn Avenue, Chichester2
£1,15009/240.22 miVelyn Avenue, Chichester PO192
£1,20008/240.22 miMelbourne Road, Chichester2
£1,22506/240.23 mi-2
£1,17506/240.23 mi-2
£1,17505/240.23 mi-2
£1,39505/240.23 mi-2
£1,25007/240.24 miSt James` Square, Chichester2
£1,25006/240.24 miWinden Avenue, Chichester PO192
£1,20007/240.25 miLennox Road, Chichester2
£1,25004/250.25 mi-2
£1,35008/240.26 miFlorence Road, Chichester, PO192
£1,29508/240.26 miVictoria Road, Chichester, West Sussex, PO192
£1,19512/240.27 mi-2
£1,15007/240.28 miFlorence Road, Chichester2
£1,10007/240.28 miSt Pancras, Chichester2
£1,29506/240.28 miUnicorn House, Eastgate Square, Chichester, PO192
£1,40008/240.28 miUnicorn House, Eastgate Square, Chichester, PO192
£1,40008/240.31 mi-2
£1,10006/240.31 miBewick Gardens, Chichester, PO192
£1,29507/240.31 miBognor Road, Chichester2
£1,15008/240.32 miBognor Road, Chichester2
£1,19506/240.32 mi-2
£1,25007/240.32 miGordon House, Chichester2
£1,05006/240.32 miCambrai Avenue, Chichester2
£1,20012/240.32 mi-2
£1,19507/240.33 mi-2
£1,25007/240.33 miBewick Gardens, Chichester2
£1,19506/240.33 mi-2
£1,19506/240.33 mi-2
£1,19506/240.33 mi-2
£95006/240.33 miChichester2
£1,12506/240.34 mi-2
£1,20007/240.34 miBewick Gardens Chichester PO192

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.62 miles away

Nearest school

0.10 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £180,000

March 17, 2025

Floor Plans

Description

  • No onward chain +
  • Gas fired central heating +
  • Two double bedrooms +
  • Built in storage throughout +
  • Communal grounds +
  • City centre +

A spacious two double bedroom first floor apartment situated in a purpose built block with parking, located in the heart of Chichester. No onward chain.

This large and light apartment is need of updating but offers great city centre accommodation and is being offered to the market with no onward chain.

Accommodation
Once inside the apartment the light accommodation is arranged over one floor and briefly comprises of a entrance hall which gives access to a kitchen and beyond into the second double bedroom, a family bathroom and a separate wc. A good sized, dual aspect, sitting room and a master bedroom complete the accommodation. There is built in storage throughout the apartment.

Outside
The block is surrounded on three sides by leafy and green communal grounds and there is communal bin storage. There is also parking within the development.

Location
Green Lane is located within the heart of Chichester's city centre near St Richards Hospital. The city centre offers a wide selection of shops, cafes, pubs, bars, restaurants and notable attractions such as The Pallant House Gallery and Festival Theatre along with a mainline rail station. The latter offering services to London Victoria. Just to the north of Chichester lie the rolling foothills of The South Downs National Park and within the popular Goodwood Estate. To To the south are the calm waters and inlets of Chichester Harbour and at the mouth of the harbour lie the beaches of West Wittering and East Head.

Additional Information :
Tenure : Leasehold
Council Band : C
Broadband : Up To 1000mbps
Mobile : EE, O2, Three, Vodafone
Service Charge : TBC
Ground Rent : N/A
Years On Lease : 125 years remaining from point of sale

Agent Details

Hancock & Partners Limited, Chichester

01202 145340

Next Steps?

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