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See how verdicts work2-bedroom flat · PO19 1EA
For saleReduced £40k (−20%) on 21 JunListed 282 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A city centre retirement apartment This first-floor retirement apartment is ideally situated close to the heart of the city centre and offers convenient access via both lift and stairs.
The accommodation includes a bright, south-facing sitting room with a charming Juliet balcony, a kitchen, two generous double bedrooms, and a modern shower room with WC.
Residents benefit from excellent communal facilities including a shared sitting room, on-site laundry facilities, residents’ parking and the support of an on-site house manager.
Limited car parking is available in the private rear car park to the rear of the building.
The property is offered with vacant possession and has been newly carpeted and redecorated throughout, making it ready for immediate occupation.
Lease: 125 year lease from 2001 Service charge: £5305 pa Ground rent: £ Age Restricted: 55 years + Chichester District Council - 25/26 Tax Band D £2,337.06 epc-b Directions - On foot proceed to the bottom of South Street, keeping on the right.
Turn right into Avenue de Chartres and then right again into Deanery Close. The apartment block is on the right.
What3words - rock.target.method Location Located at the end of South Street, ideally located for the local amenities, the train and bus station, all within a short walk.
The cathedral city of Chichester offers excellent high street shopping, many fashionable restaurants, cafes and bars, Festival Theatre and a mainline station to London Victoria.
Goodwood 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.
There are superb sailing facilities around Chichester Harbour and water sports from the beaches at West Wittering.
The area is a paradise for wildlife enthusiasts, with beautiful walks and cycle tracks over the South Downs and around the harbour.
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.
Area
Agent & docs
FAQ
About 6 Pegasus Court Deanery Close, Chichester
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