1-bedroom property · PO19 8HJ
Sold STCListed 566 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This super RETIREMENT FLAT has been the subject of extensive improvements in recent times and it now has the benefit of a MODERN KITCHEN and BATHROOM.
The apartment, which is situated on the FIRST FLOOR, has the benefit of the use of a lift, as well as a stair case. It has a DOUBLE BEDROOM and generous SITTING ROOM.
Iutside, there is a delightful COMMUNAL GARDEN. Please note that residents must be age 60 or over to live here.
Situated just to the south of the train station, and near the canal, this modernised first floor apartment is ideal for a retired person wishing to enjoy the benefits of living in a retirement block.
There is a resident manager and as well as the conmfortable accommodation that the flat offers, there is a communal lounge and a lovely communal garden to the rear.
The flat has its own entrance hall, with storage cupboard. There is a modern bathroom and the kitchen lies off the sitting room. It has an electric hob and oven, as well as fitted cupboards.
There is a fridge/freezer. There is a separate, communal laundry room.
The sitting room, which is of a good size, has an attractive outlook to the front, over Stockbridge Road, as does the double bedroom.
There is electric heating and an emergency call system, should it be necessary. Residents must be age 60 or over. There is a guest suite which residents can book for friends and relatives to stay in.
Chichester has a good selesction of shops, restaurants and cafes. There is a cinema complex in Chichester Gate, which is just opposite Heather Court.
The train station and canal are both within a short walk and the Wstgate Leisure Centre is nearby. The city has cultural amenities, including the Festival Theatre and Pallant House Gallery.
Directions From our office in South Street,follow Stockbridge Road south and Heather Court is on your left hand side, just after the canal.
Value & comps
No previous sales on record.
Returns
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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.
Area
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FAQ
About Stockbridge Road, Chichester
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