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See how verdicts work1-bedroom flat · PO19 6SJ
For saleListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ground floor age-restricted garden apartment enjoying direct access to, and delightful views over, attractive communal gardens, whilst being conveniently situated close to the city centre and its excellent range of shops, amenities and services.
The accommodation comprises a comfortable sitting room with door opening onto the gardens, a fitted kitchen, double bedroom with fitted wardrobe, shower room with brand new walk-in shower and a large useful storage cupboard.
Forming part of a well-maintained retirement development, residents benefit from an on-site House Manager, communal lounge, laundry facilities and communal parking.
The apartment has an emergency Careline system installed, monitored by the onsite Lodge Manager during the day and 24 hours, 365 days a year by the Careline team.
Careline integrated intruder alarm, secure video entry system and sophisticated fire and smoke detection systems throughout both the apartment and communal areas provide unrivalled peace of mind.
This property is perfectly suited for those looking to downsize or enjoy a relaxed retirement lifestyle in a vibrant community setting.
St Richards Lodge requires at least one apartment resident to be over the age of 60 with any second resident over the age of 55.
Offered for sale with no forward chain, an internal viewing is highly recommended. Leasehold - 125 year lease granted 04/10/2008.
Service Charge - Half yearly, in advance £1480.65 Ground Rent - Half yearly, in advance £439.10 Chichester District Council - 26/27 Tax Band B £1,938.33 epc-c From the top of North Street proceed in an easterly direction along Oaklands Way.
At the roundabout, take the first exit into Spitalfield Lane. At the mini roundabout proceed straight over and St Richards Lodge is a short distance along on the left.
What3words - cages.soda.shut EPC Rating: C Location The property stands in this convenient position and is well placed for access to the city centre, St Richards Hospital and business retail park with Sainsburys and John Lewis.
The city centre which offers a wealth of historical landmarks, buildings and places of interest.
Set within its impressive Roman Wall the city's four main streets intersect at the Tudor Market Cross which is truly the heart of the city and where one can meet and enjoy wonderful examples of Georgian architecture.
Well known as a cultural hub, Chichester has a 100 seater art-house cinema, the award-winning Chichester Festival Theatre, Pallant House Gallery.
The nearby Goodwood Estate hosts an exciting flat racing calendar including the prestigious 'Qatar Goodwood Festival', as well as International motor racing events such as the 'Festival of Speed' and 'Goodwood Revival'.
The Chichester Harbour is on the doorstep and is a popular hub for sailing and other water sports with its direct access to the Solent and events such as the world famous Cowes Week sailing Regatta on the Isle of Wight.
Disclaimer Please note: Successful buyers will be required to complete online identity checks provided by Lifetime Legal.
The cost of these checks is £80 + VAT per purchase which is paid in advance, directly to Lifetime Legal.
This charge verifies your identity in line with our obligations as agreed with hmrc and includes mover protection insurance to protect against the cost of an abortive purchase.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 12 St. Richards Lodge, Chichester
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