3-bedroom flat · PO19 5RF
For saleReduced £15k (−5.2%) on 21 AugListed 211 days
Opportunity summary
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About
The accommodation is arranged around a generous reception room being dual aspect with parquet flooring and a glazed door opening directly onto the private terrace, creating an easy connection to the outside and giving the room an open, airy feel.
The terrace provides a sheltered seating area overlooking the communal grounds, while the wider setting enjoys an attractive outlook across mature lawns and trees.
The kitchen is fitted with a comprehensive range of fitted units, ample work surface and integrated appliances, with a practical layout that makes full use of the available space and a window bringing in good natural light.
There are three bedrooms, including a spacious principal bedroom with fitted storage and good proportions, together with two further rooms (one with a wardrobe cupboard) offering flexibility for guest accommodation, study or dining room use if required.
The shower room is currently arranged as a wet room and there is an additional cloakroom with low level WC and wash hand basin.
Outside, the mature communal gardens are a key feature of the development, extending well beyond the immediate terrace and providing an open green setting for the apartment.
A single garage is situated separately within a garage block, with additional residents’ parking nearby.
Location The property is situated in the sought-after residential suburb of Summersdale only about 1 mile to the north of Chichester city centre and the bustling mainly pedestrianised shopping precinct.
It is also within easy reach of Summersdale's local Co-op convenience store, a One Stop convenience store with Post Office, Lavant Road Doctors’ Surgery, and the popular Centurion Way cycle route which leads from the western side of the city northwards through Summersdale and onto to the villages of Lavant and West Dean.
Nearby bus stops provide regular bus services to Chichester and Midhurst, whilst the A27 just south of the city centre links with the A3(M) to the west providing a route north to the M25.
Chichester train station, only about 2 miles to the south of the property, provides services along the coast to Portsmouth and Brighton, and to London Victoria.
The cathedral city of Chichester offers excellent high-street shopping, many fashionable restaurants, cafes, bars, a leisure centre with swimming pool, sports clubs, cinemas, and is home to the Pallant House Gallery and the renowned Festival Theatre.
Information: Services: Mains water and electricity. Electric heating (storage heaters).
Tenure: Leasehold with Share of Freehold Lease term – We understand the property is held on the remnant of a 125-year lease from March 1991.
Ground Rent: Peppercorn Service Charge: 2026/2027 £2,129 Local Authority: Chichester District Council Council Tax: Band D Energy Rating: Tbc what3words: ///wiped.worry.sung Communal Garden Beautifully tended communal gardens and grounds
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.
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FAQ
About Flat 12, Summersdale Court The Drive, Chichester
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