There are 257 rental listings currently online in Chichester, of which 153 are still available to rent, with the other 104 ‘let agreed’. However, when you start to browse through these properties you’ll notice there are a lot of house shares (which is no good if you want your own place), student properties (only available to students) and holiday lets (not suitable as a permanent home). When you take those properties out of the mix, you’re left with just 84 to choose from.
Those looking to rent a two-bedroom flat have the most choice, with 47 currently to let, whilst those at either end of the market have the least to choose from, with just 13 one-bedroom flats and 12 four-bedroom houses on offer.
Of course, what you can rent will largely depend on your budget. The cheapest of the 84 whole properties available to non-students on a long-term basis, is a very nicely presented studio apartment on the road between Chichester and Fishbourne, priced at £575pcm. On the other end of the scale, the most expensive property to rent in Chichester today is a large Grade II listed four-bedroom townhouse in West Pallant, priced at £3,250pcm.
Assuming your budget is somewhere in the middle of those two extremes, it might be interesting to know that the average property marketed for rent in Chichester is priced at £1,000pcm. This figure is up around 3% compared to the £975pcm average of twelve months ago.
Breaking the averages down by property type provides a good indication of what your budget is likely to be able to afford in Chichester:
Interestingly, the average price of the three-bedroom houses are the only ones to have dropped on average compared to a year ago (albeit only by £5pcm). Meanwhile, both two and four bedroom houses have increased on average, whilst flats across the board have remained at the same level.
It seems this relatively low supply of rental property in Chichester is a key reason why rents remain stubbornly high. Due to the negative impact of recent legislative and tax changes, this supply issue isn’t likely to improve any time soon, which will make it increasingly difficult for tenants to find their dream home at an affordable price.
For a weekly digest of the average rental figures by property type in Chichester, be sure to subscribe to my free weekly e-newsletter at http://bit.ly/chipropertynews
This article was featured in...
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
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
c/o CRJ Lettings, 30B Southgate, Chichester, West Sussex, PO19 1DP
No comments:
Post a Comment