2-bedroom flat · PO19 6LF
For saleListed 56 days
Opportunity summary
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About
Forbes Place was formerly the Royal West Sussex Hospital and was originally built in 1828. This handsome Grade II Listed building was converted into apartments in the late 1990's.
Flat 19 is an elegant first floor apartment and occupies an excellent position in the building with views over the communal grounds and Oaklands Park.
The apartment benefits from high ceilings throughout and has a spacious reception hall off which lies a very elegant dual-aspect and split-level sitting/dining room offering fine views.
The apartment has a well-fitted kitchen, principal bedroom suite with en-suite shower room, second bedroom and bathroom.
The residents of Forbes Place enjoy extensive well maintained communal grounds and perhaps one of the most notable features is a magnificent wisteria which covers almost the whole of the lower facade of the building and interestingly it is probably one of the only Listed shrubs throughout the country.
The apartment also benefits from one allocated car parking space, a garage and there is also a visitors designated parking space.
Forbes Place is located in a superb position just 1/4 of a mile outside the city centre and opposite the recreation area of Oaklands Park and Chichester Festival Theatre as well as the Nest and Minerva Theatres.
Chichester city centre offers an excellent range of shops, restaurants and bistros arranged principally within the pedestrianised centre.
The 12th century cathedral dominates the skyline with the adjacent Canon Lane leading to the medieval Bishops Palace Gardens.
Other than previously mentioned theatres, Chichester also has the award winning Pallant House Gallery, Oxmarket Contemporary Gallery as well as numerous other recreational activities including the Westgate sports centre, New Park cinema and the Chichester Racquets & Fitness Club.
Chichester also has a mainline station to Victoria in about 1 hour 45 minutes.
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 Flat 19, Forbes Place,, King George Gardens, West Sussex
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