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See how verdicts work2-bedroom house · PO19 1BS
For saleReduced £65k (−43.3%) on 26 AugListed 223 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold A chain free first floor retirement apartment in the heart of the city centre A two-bedroom first-floor retirement apartment, ideally located in the heart of the city centre, just a short walk from the main shopping precinct with its excellent selection of shops, restaurants and cafés.
This spacious and well-designed apartment offers comfortable and convenient living throughout.
The accommodation comprises a welcoming entrance hall, a bright and airy south-facing sitting room flooded with natural light, a well-appointed kitchen, a generous principal bedroom with en-suite shower room, a second bedroom ideal for guests or hobbies and a separate bathroom.
Residents benefit from a range of excellent on-site facilities designed for comfort and peace of mind, including an on-site manager and a 24-hour Careline emergency call system for out-of-hours support.
The development also features beautifully maintained communal gardens, a guest suite for visiting family and friends and a shared laundry room.
Offered to the market with no onward chain, this delightful apartment presents an excellent opportunity for those seeking a relaxed and secure lifestyle in a highly convenient central location.
Lease - 125 years from 01/01/1986 (85 years remaining) Service Charge - For 2025 is £4,032.87 per annum (estimated) Ground rent - £75 per annum Chichester District Council - 25/26 Tax Band C £2,077.38 epc-c Directions - Proceed on foot from the city centre cross into West Street with the cathedral on the left, turn right into Chapel Street.
Follow the road north and Providence Place is on the left. There is a pay and display car park a short distance along on the right.
What3words - manliness.these.class EPC Rating: C Location Located in a central position within the city walls and within easy access of the pedestrian shopping precinct.
The cathedral city of Chichester offers excellent high street shopping, many fashionable restaurants, cafes and bars, the Festival Theatre and a mainline station to London Victoria.
Close by there is the library and regular bus service (outside the cathedral) to Tesco and Sainsburys.
Goodwood is located to the north and is famous for its many event days including the world renowned Festival of Speed and Goodwood Revival for motor racing enthusiasts and a season of horse racing including the Qatar Goodwood Festival.
Value & comps
No previous sales on record.
Returns
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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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FAQ
About 24 Providence Place Chapel Street, Chichester
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