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See how verdicts work1-bedroom flat · PO19 3GJ
Listing removedReduced £14.8k (−8.7%) on 7 FebListed 543 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This one-bedroom ground floor home offers a comfortable and contemporary lifestyle, perfect for modern-day living.
If you're looking for a stylish and cost-effective home in Chichester, we highly recommend this impressively presented ground floor flat in the popular Minerva Heights development, located just a mile north of the city centre.
The flat features a bright open-plan living and dining space, complemented by a well-appointed kitchen with integrated appliances, including an electric oven, ceramic hob and a cooker hood.
The bedroom is spacious and filled with natural light, while the bathroom includes a full-size bath with a shower over it.
The hallway offers two useful storage cupboards and a secure phone entry system. To the rear of the property, there is an allocated parking space.
Lease - 250 years from 2023 Service Charge - £1,281.36 per annum Monthly rental - £129.45 Full ownership available @ £225,000 Chichester District Council - Tax Band B £1,817.72 epc-b Directions - Proceed north west out of Chichester on the B2178 (St Pauls Road).
After leaving the outskirts of Chichester at the roundabout take the first exit into Drovers Lane.
Proceed for approximately 0.33 of a mile and the apartment is on the right on the corner of Hester Road.
What3words - regularly.angers.fishery EPC Rating: B Location The apartment is situated in a semi-rural location on a new development on the edge of the cathedral city of Chichester which 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 excellent 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. Parking - Allocated Parking
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
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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
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FAQ
About 1 Drovers House Drovers Lane, Chichester
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