Thursday, 22 September 2016

Pine Grove becomes the most expensive street in Chichester

pine grove chichester street view

I asked the audience at my recent property talk in Chichester which street they thought was the most expensive in the city. Whilst they correctly named a few of the top five, no one guessed that the most expensive street in Chichester (by average property value) was Pine Grove.

This is a recent change, whereby Pine Grove has dethroned North Pallant (which has dropped to third place) from the top spot of the most expensive streets in the PO19 postcode area. Each of Pine Grove’s 32 homes now have an average value of £997,242, which is nearly three times more expensive than the average property value in Chichester (£361,041).

Brandy Hole Lane has jumped into second spot, with each of its 42 properties having an average value of £972,551. This would give the whole street a combined value of nearly £41million; something of a bargain when you consider that might get you just one property in London’s Mayfair!  

North Pallant has dropped from top of the table to third spot, even though average property values in the street have increased to £971,144.

West Broyle Drive remains in fourth spot, with an average value of £919,016 whilst Mill Lane has snatched fifth place from St. Johns Street, with an average value of £885,043.

Compare these figures to the cheapest street in Chichester (Lennox Road at £148,897 per property) and you can see there is quite a difference in fortunes within our reasonably small city.

The top five most expensive streets in Chichester (average property value) are:
1. Pine Grove (£997,242)
2. Brandy Hole Lane (£972,551)
3. North Pallant (£971,144)
4. West Broyle Drive (£919,016)
5. Mill Lane (£885,043)

There’s another battle going on in Chichester between Pine Grove and North Pallant; this time for bragging rights over the most expensive property currently on the market.

North Pallant still holds that honour (just) with the same 5,591 square foot Grade II listed townhouse that has been on the market since March - priced at a cool £2million.

north pallant chichester property

Just last month Pine Grove offered up its own premium-priced property, in the form of a seven bedroom detached house (5,131 square feet) set in seven acres - a snip at £1.95million.

pine grove chichester property

Neither property can quite match the most expensive residential property I found to have ever sold in Chichester. This was a six-bedroom Grade II listed townhouse located on North Pallant. It sold in November 2013 for £2,185,000 and is estimated to be worth in excess of £2.6million today.

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chichester observer property headline

(This article was featured in the Chichester Observer's property section on 22nd September 2016)
Clive Janes, CRJ Lettings.


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