Thursday, 19 February 2015

Which parts of Chichester are the most affluent?

chichester property paper scan
This article was featured in the Chichester Observer's property section on 19th February 2015.

This week I’ve put together a marketing campaign to post out my latest ‘Chichester Property News’ report.
Whilst it’s nice to provide this juicy information to people there is of course a business reason for doing it - I would like more landlords’ properties to manage!
Because of this, it seemed sensible to try and target the most affluent parts of Chichester and its surrounding areas, which is where most landlords would logically live.
This begged the question…..which parts of Chichester are the most affluent?
It would be fair to assume that the areas with the highest average property prices are likely to be amongst the wealthier areas.
With a little local knowledge I could pick out a few obvious prime areas, such as Summersdale, Brandy Hole Lane, Littlebreach, parts of Stockbridge, Chichester’s town centre and the Manhood Peninsula.
To confirm this was the case, I thought it would be interesting to see which individual streets contained the most expensive homes. 
Spinney Lane in Itchenor holds the honour as the most expensive street in the PO18-PO21 postcode districts, with an average property value of £2,070,630 according to Zoopla.
Chunks of West Wittering then follow, with East Strand (£2,047,689), Rookwood Lane (£1,914,009) and West Strand (£1,888,396) just outgunning parts of Bosham - with Bosham Hoe’s properties averaging £1,771,636 and Smugglers Lane’s £1,512,287.
The first area away from the Manhood Peninsula then features, with East Marden having an average property value of £1,457,590.
The top ten is then rounded off in Bosham, Birdham and the Witterings. I was surprised to see that parts of Chichester’s city centre, Brandy Hole Lane and Summersdale only then begin to feature in the list and none of these areas have a street able to break the £1million average value mark.
To finish off the exercise I was interested in taking a closer look at the most expensive street, Spinney Lane. The most recent sale was in March 2012 for a staggering £3,825,000, the same house having sold for £1.3m in 2003 and £600,000 in 1999. That’s some impressive capital growth of 638% in 16 years!
So, if you live in one of the targeted areas you can expect to receive the latest issue of Chichester Property News through your letterbox in the next couple of weeks. If not and you’d like a copy, or you or anyone you know would like some assistance letting and managing a rental property, then please get in touch.

Clive Janes, CRJ Lettings
www.crjlettings.co.uk
01243 624 599 / clive@crjlettings.co.uk


spinney lane itchenor chichester house
The £3.825m house in Spinney Lane
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If you are looking for an agent that is well-established, professional and communicative in Chichester, then contact us to find out how we can get the best out of your investment property.

E-mail me on clive@crjlettings.co.uk or call 01243 624 599.

Don't forget to visit the links below to view my previous buy-to-let deals and Chichester Property News articles:


c/o CRJ Lettings, 30B Southgate, Chichester, West Sussex, PO19 1DP

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