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See how verdicts work2-bedroom house · PO20 3BD
Listing removedListed 240 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern age-restricted apartment with long lease. A spacious ground floor, age-restricted apartment offered on a 75% shared ownership basis.
The property features a bright south facing lounge/diner overlooking the communal gardens with a door to a patio, a modern fitted kitchen, two bedrooms and a Jack & Jill wet room designed for easy access.
Further benefits include a large storage cupboard, gas central heating, double glazing, residents’ permit parking and vacant possession.
Situated within Monaveen in Eastergate, near Chichester and Bognor Regis, this extra-care development for those aged 65+ (or 55+ with care needs) is operated by Housing 21 and offers independent living with access to on-site care, communal lounges, gardens, a restaurant and a range of resident facilities.
Prospective buyers will be required to attend a Housing 21 purchaser interview with the Court Manager at the Scheme, during which charges and related costs of the apartment will be discussed together with confirmation of consent as suitable for independent living.
Following this interview, Housing 21 will confirm to the Vendor that the proposed buyer has been approved and can proceed with the sale. Tenure: Leasehold with a balance of a 999 year lease.
Rent and service charge: Currently £371.29 pm Arun District Council - 25/26 Tax Band C £2,097.30 EPC - B Directions - Proceed east along the A27 passing straight over the Tangmere/Boxgrove roundabout.
At the Fontwell roundabout take the third exit off into Fontwell Avenue. Proceed to near the end and before the mini roundabout turn right into Peckham Chase.
At the ‘T’ junction turn right and Monvaveen is on your right.
What3words - panels.grandson.propelled EPC Rating: B Location The village of Eastergate offers a range of facilities including, a village store and post office, restaurant and village pub as well as a doctors surgery.
There are excellent transport links and the nearby village of Barnham, less than a mile away, has a mainline station with direct access to London Victoria.
There is horseracing at Fontwell Race Course and golf at Avisford Park.
The cathedral city of Chichester offers excellent high street shopping, many fashionable restaurants, cafes and bars and the Festival Theatre.
Goodwood is located to the north west and is famous for its many event days. 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.
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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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 advisers before making any investment decisions.
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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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About Apt 16, Monaveen, Chichester
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