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See how verdicts work2-bedroom flat · PO19 3RA
Under offerReduced £20k (−8.7%) on 10 JulListed 403 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A bright two bedroom first floor apartment close to the city centre.
This bright and well-presented two bedroom first-floor apartment offers both comfort and convenience, positioned just half a mile from the historic city centre yet tucked away in a peaceful private cul-de-sac setting.
Purpose-built and forming part of a small block of only four apartments, the property enjoys a sense of exclusivity and community, enhanced by attractively landscaped surroundings.
Access is via a shared hallway, used by just one other property, with stairs rising to the first floor.
Inside, a welcoming entrance hall leads to a sunny west facing sitting room, the perfect space for relaxing and entertaining while enjoying the afternoon and evening light.
The fitted kitchen is well designed, complete with an integrated electric oven and gas hob, offering practicality for everyday living.
There are two well-proportioned bedrooms, with the principal bedroom benefiting from full width built-in wardrobes that provide excellent storage.
A modern bathroom completes the accommodation, featuring a suite with a shower over the bath.
The property is warmed by gas central heating via radiators, ensuring year-round comfort, and is offered to the market with no onward chain, making it an ideal purchase for first-time buyers, downsizers, or investors alike.
Externally, the apartment is further enhanced by the provision of a private carport*, along with additional visitor parking for guests.
The development is thoughtfully maintained, and each apartment holds a one-sixteenth share in the Management Company, which owns the freehold, giving residents both a stake and the opportunity to have a say in the management of their homes.
The carport is owned by the management company Lease: 999 years from 01/01/1995 Service Charge: £1,441 pa Ground Rent: Peppercorn Chichester District Council - 25/26 Tax Band D £2,337.06 Epc-c Directions - From the Northgate circulatory system take the B2178 St Pauls Road signposted to Funtington & West Ashling.
Take the third turning on the left into Parchment Street and Mayfair Court can be found towards the end on the right.
What3words - tests.down.remark EPC Rating: C Location Close by is a convenience store and the just half a mile level walk is 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.
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.
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FAQ
About Flat 16, Mayfair Court, Chichester
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