Which is the most expensive street in Chichester?

The most expensive property on the market in Chichester at the moment is a ten-bedroom detached house in Pine Grove, priced at £2.25m. This got me thinking….which is the most expensive street in Chichester?

Using Zoopla’s property value data and focusing on the PO19 postcode region, it showed that Pine Grove was actually in second place with an average value on the street of £963,760.

The third most expensive street is Brandy Hole Lane, with each of its 42 properties having an average value of £924,351. This would give the whole street a combined value of nearly £40m; something of a bargain when you consider that might get you just one property in London’s Mayfair!

West Broyle Drive and Mill Lane are in fourth and fifth spot respectively (with average values of £890,159 and £860,193).

So, which is the most expensive street in Chichester? That accolade goes to North Pallant, which has just become the first street in Chichester to break through the £1m mark, with each property valued at an average of £1,012,539.

With the average property in Chichester valued at around £350,000, this makes a property on North Pallant nearly three times more expensive than the local average.

There are currently two properties for sale on North Pallant; a 3,881 square foot home priced at £1.7m and a tardis-like 5,591 square foot townhouse priced at £2m.

These hefty price tags still can’t quite match that of a neighbouring property on North Pallant, which I found to be the most expensive residential property ever sold in Chichester. This six-bedroom Grade II listed (most of North Pallant is listed) townhouse sold in November 2013 for £2,185,000 and is estimated to be worth in excess of £2.5m today.

Top 5 most expensive streets in Chichester:

1. North Pallant (£1,012,539)

2. Pine Grove (£963,760)

3. Brandy Hole Lane (£924,351)

4. West Broyle Drive (£890,159)

5. Mill Lane (£860,193)

North Pallant: The most expensive street in Chichester

If you’re interested in keeping up-to-date with Chichester’s property market, you can sign up for my free weekly newsletter at www.tinyurl.com/crjlettingssubscribe.

(This article was featured in the Chichester Observer's property section 

on 26th November 2015).

Clive Janes, CRJ Lettings.  

www.crjlettings.co.uk

___________________________________

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:

Follow The Buy-To-Let Property Investment Market in Chichester

Chichester Property Market LinkedIn Page for Clive Janes

CRJ Letting Agents Chichester Facebook Page

CRJ Letting Agents Chichester Twitter Page

Chichester Investment Property Management Specialist CRJ Letting Agents Website

__________________________________