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See how verdicts work2-bedroom flat · PO19 6AJ
For saleListed 415 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A bright and spacious south facing apartment with garage.
This bright and spacious purpose-built two-bedroom second-floor apartment is just half a mile from the city centre and enjoys a south-facing aspect from the sitting room and both bedrooms.
Tastefully modernised by the current owner and offered with no onward chain, the property features a welcoming entrance hall, a generous sitting room with a large bay window, a classic shaker-style kitchen, a stylish shower room and two well-proportioned bedrooms.
Recent updates include modern wall-mounted electric heating units and the building benefits from a security entry phone system and well-kept communal areas with stairs to all floors.
Externally, the apartment comes with a single garage in a private rear courtyard, while residents’ permit on-street parking is also available.
This is an ideal home for those seeking a light-filled, conveniently located city apartment in excellent decorative order.
Lease: 125 years from 2012 Service charge: £ 2,532 per annum Ground rent: Peppercorn.
Residents are shareholders in the management company Agents’ Note: Somerstown is currently undergoing a four-year programme to replace the flat roofs of each apartment block.
The total cost of the works is £12,000 per apartment , payable in annual instalments of £3,000 The vendor has already paid the first instalment in January 2025 Chichester District Council - 25/26 Tax Band C £2,077.38 epc-e Directions - From the Northgate circulatory system take the exit signposted Midhurst (A286).
Continue for approximately one hundred meters and take the first turning on the left into Somerstown (opposite the Festival Theatre).
At the ‘t’ junction turn right and follow the road to the end where the apartment block is on the right.
What3words -fever.stump.singer EPC Rating: E Location The property is conveniently situated for Oaklands Park and the Festival Theatre and a short walk from the city centre.
There is excellent high street shopping, many fashionable restaurants, cafes and bars and a mainline station to London Victoria.
Goodwood to the north 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. Parking - Garage En Bloc
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.
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FAQ
About Flat 7, Paulus Court Somerstown, Chichester
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