2-bedroom flat · PO19 6AE
Sold STCListed 68 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No Onward Chain. A first floor apartment situated in the highly desirable Somerstown, Chichester.
Offered to the market chain free, this well-presented two-bedroom first-floor apartment is situated within Festival Court, conveniently positioned in the popular Somerstown area of Chichester.
The property is in good condition throughout and offers spacious, practical accommodation with excellent built-in storage and the added benefit of a single garage.
The accommodation comprises an entrance hallway with useful storage, leading through to a generously sized living room offering ample space for comfortable seating and entertaining.
The modern fitted kitchen provides a good range of units and worktop space, together with room for a dining table, creating a practical kitchen/dining area.
There are two well-proportioned double bedrooms, both benefiting from built-in storage, alongside a modern family bathroom featuring the convenience of both a separate freestanding shower and bath.
Further benefits include excellent built-in storage throughout the apartment and a single garage situated within a compound to the rear of the development.
Location Festival Court enjoys an excellent position in Somerstown, just to the north of Chichester city centre, making it particularly convenient for those wanting easy access to the city and its amenities.
Chichester offers an extensive selection of shops, cafés, restaurants and leisure facilities, together with the renowned Festival Theatre and historic city centre.
The property is also well placed for local amenities, schools and transport connections, with Chichester railway station providing services towards Portsmouth, Brighton and London.
With its spacious accommodation, convenient location, garage and no onward chain, Flat 15 Festival Court represents an excellent opportunity for first-time buyers, downsizers or those seeking an investment property close to the heart of Chichester.
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.
Area
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FAQ
About Somerstown, Chichester
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