1-bedroom house · PO19 8ES
Sold STCListed 96 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superbly presented and recently redecorated 2nd floor 1 BEDROOM RETIREMENT APARTMENT close to the city centre.
The property has been re carpeted throughout (August 2023) and has views to the rear over the communal gardens.
A second floor 1 bedroom retirement flat in an exclusive development close to the railway station.
The development has lovely communal facilities including a communal lounge, laundry room and a flat available to visitors to use over night for a small fee.
There are lovely communal gardens and ample communal parking. Owners have the use of a dining room where upon one can have a 3 course lunch at a very reasonable price.
Hallway with storage cupboard housing hot water tank, doors to sitting room with views to the rear overlooking the gardens.
Fitted kitchen with good range of counter tops with cupboards and drawers under.
Single stainless steel sink unit and drainer, 4 plate ceramic hob, eye level electric fan assisted oven and grill, free standing 'fridge and freezer, window overlooking gardens.
There is a good sized double bedroom with range of built in wardrobe cupboards and a generous sized bathroom with panel bath and wet room style shower.
The property is held on a 125 year lease from 2004. Ground rent £405.00 pa. Service Charge £7,453.64 pa. All these figures will need to be checked by your conveyancer.
The service charge includes either cleaning or laundry every week.
Disclaimer - As the seller's agent we are not surveyors or conveyancing experts and as such we cannot and do not comment on the condition of the property or issues that may affect this property, unless we have been made aware of such matters.
Interested parties should employ their own professionals to make such enquiries before making any transactional decisions. Directions - From our offices in Southgate proceed south on Stockbridge Road.
Carry on over the railway line and before reaching the A27 by pass the development can be found on the left hand side.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs
FAQ
About Stockbridge Road, Chichester
Explore nearby