Chichester Property News: Chichester’s Monopoly board

Thursday, 17 January 2019

Chichester’s Monopoly board

After a few epic Christmas time battles, it’s time to pack away the Monopoly set for another year. Owning Mayfair for a mere £400 seems a distant dream, but then again the game did come out in 1935 (although it was originally released in 1903 entitled ‘The Landlord’s Game’). But as 2019 kicks off, how would Chichester’s modern-day Monopoly board look?

With around 454 streets in Chichester (PO19 postcode district only), it would take a long time to get around the full board, so I’ll pick out a few notable mentions.

Let’s start with Old Kent Road; the cheapest space on the board. In Chichester that spot would go to Lennox Road, with the average property on the street valued at £163,000. Located close to the hospital, the street mainly consists of flats; many housing just a single person, the majority of which are either renting socially or privately.

The Strand is halfway across the Monopoly board and today in Chichester this spot would be occupied by Oak Avenue. It’s a pleasant street in Parklands, with 82% of the 131 properties being semi-detached, the vast majority of which are owner-occupied. With the average property on the street worth £384,000 it closely matches Chichester’s average property value as a whole.

And what’s the Mayfair of Chichester? The most expensive street in the City? Well that honour falls to North Pallant, whereby the average property in the street will set you back £1,115,000. Located in the heart of the city, with Pallant House Gallery on its doorstep, North Pallant is home to some 171 people, most of whom own their property (74% without a mortgage).

So, what type of Monopoly player are you? It’s always interesting to note the different styles of play, which seem to mimic landlords’ real-life dealings. Some like to accumulate the cheaper properties, receiving multiple rents, whilst others prefer to save up for the premium plots, every so often bringing in a king’s ransom.

If you’re thinking of getting into the ‘landlord’s game’ for real, be sure to follow my Chichester property market updates throughout 2019 at www.tinyurl.com/ChiPropertyNews or give me a call to discuss how you’re thinking of playing it.

(This article was featured in the Chichester Observer's property section on January 17, 2019)

Clive Janes, CRJ Lettings

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.