1-bedroom flat · PO19 6SH
To rentListed 22 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold 56 Spitalfield Lane is a well-proportioned one-bedroom ground floor flat forming part of an attractive Victorian semi-detached property, built in the traditional Sussex flint and brick style.
The accommodation is accessed from the side of the building, with the entrance opening into the kitchen.
This is fitted with a range of units and work surfaces, together with an inset sink, boiler and useful storage cupboard.
From here there is access to the bathroom, which is fitted with a bath with shower over, WC and wash basin.
The sitting/dining room is a comfortable and versatile living space, with a feature fireplace, a large built-in storage cupboard and good natural light.
A further door leads through to the bedroom, which is a generous double room with a large bay window to the front.
The bedroom also benefits from an original open fireplace with an ornate surround and decorative tiled hearth, adding plenty of period character.
To the rear, the property benefits from its own private lawned garden, accessed from the kitchen. There is also an allocated off-road gravel parking space to the rear, approached from Melbourne Road.
Overall, the flat offers a good balance of character, practical accommodation and outside space, making it a particularly appealing rental in a convenient Chichester location.
Available - Early October Holding Deposit - £270.00 Security Deposit - £1380.00 EPC Rating - D Council Tax - Band B (Chichester District Council) Location Spitalfield Lane sits on the eastern side of Chichester city centre, within easy walking distance of the pedestrianised shopping precinct, St Richard's Hospital and the University of Chichester.
The city offers a wide range of shopping, restaurants, cafes and leisure facilities, as well as the Pallant House Gallery and the Chichester Festival Theatre.
To the north of the city, the Goodwood Estate hosts a number of well-known events including the Festival of Speed and Goodwood Revival, as well as the Glorious Goodwood horseracing festival.
The South Downs National Park is approximately 2.5 miles to the north, and Chichester Harbour, Chichester Marina and the beaches at West Wittering are within easy reach to the south-west.
Chichester station provides rail services along the coast to Portsmouth and Brighton and to London Victoria, with bus stops also nearby.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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
Agent & docs
FAQ
About 56, Spitalfield Lane, Chichester, PO19
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