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See how verdicts work2-bedroom terraced house · PO19 5AD
Listing removedListed 298 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in an excellent position on the northern fringes of Chichester, 5 Maddoxwood forms part of a small private development constructed by Seaward Properties.
This property is one of three that are sold at 70% of the open market value for each subsequent purchaser in perpetuity. Restrictions apply.
* 5 Maddoxwood offers well-presented accommodation benefitting from an open plan kitchen/living/dining room, ground floor cloakroom.
On the first floor there is a principal bedroom with en-suite shower room, second bedroom and bathroom. Outside the property has allocated parking to the front and to the rear a landscaped garden.
Maddoxwood can be found within 1.3 miles of Chichester city centre which is arranged largely within its pedestrianised centre.
The city has an excellent choice of bars, restaurants and shops and is well-known for its internationally recognised Festival and Minerva Theatres as well as the Pallant House Gallery.
Other recreational activities include the Westgate sports centre and Chichester Racquets and Fitness Club.
Chichester is in easy reach of the rich countryside of the South Downs National Park with the Goodwood Estate approximately 3 miles away.
Goodwood hosts a number of events throughout the year including the Festival of Speed, Revival Meeting and Members Meeting at its historic motor circuit.
* A person with a local connection is defined as: a person who is not easily able to compete in the open market for housing accommodation within the Chichester District, and: a) lives within the Chichester District; or b) is in permanent employment in the Chichester District; or c) within the last two years lived within Chichester District but was forced to move away due to lack of affordable house; or d) has a family member (as defined in S.186 of the Housing Act 1985) who is an existing living resident of the Chichester District AND owns no other residential property in total or part.
- Part glazed front door to Entrance Hall 2.08m x 1.22m Radiator. Cloakroom Equipped with low level WC, hand basin, radiator, downlighting.
Open Plan Kitchen/Dining/Living Room 8.59m max 6.88m min x 4.5m - Built-in storage cupboard with plumbing for washing machine.
The kitchen is equipped with a good range of matching wall and floor units comprising of cupboards and drawers with worksurfaces incorporating single sink with mixer tap and drainer, Neff four ring gas hob with overhead Neff extractor hood, Vaillant gas fired boiler, downlighting, part panelled walls to the living room area, double glazed casement doors providing access out onto the rear garden, downlighting.
Stairs to First Floor Landing Radiator, built-in storage cupboard. Bedroom 1 3.9m x 2.51m Radiator, views over the rear garden, built-in wardrobe cupboards.
En-Suite Shower Room Part tiled walls and equipped with a fully tiled walk-in shower cubicle with fitted shower unit, low level WC, hand basin with mixer tap and storage cupboards below, downlighting, extractor fan, chrome heated towel rail.
Bedroom 2 4.57m x 2.44m Radiator.
Bathroom Part tiled walls and equipped with low level WC, hand basin, bath with shower screen and mixer tap, hand shower attachment, chrome heated towel rail, downlighting, extractor fan.
Outside The front of the property has allocated parking for 2 vehicles and to the rear there is a landscaped garden of 29'3" x 19'6", two entertaining terraces, area of lawn with raised planters, side access.
Restrictions A person with a local connection is defined as: a person who is not easily able to compete in the open market for housing accommodation within the Chichester District and: A) Lives within the Chichester District; or B) Is in permanent employment in the Chichester District; or C) Within the last two years lived within Chichester District but was forced to move away due to lack of affordable housing; or D) Has a family member (as defined in s.186 of the Housing Act 1985) who is an existing living resident of the Chichester District AND Owns no other residential property in total or part.
For the avoidance of doubt where there are joint purchasers only one of the purchasers needs to be the person with local connection.
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
Agent & docs
FAQ
About 5, Maddoxwood, Chichester, West Sussex, PO19
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