The property is on the market with Sims Williams and full details can be found on Rightmove via the following link: www.rightmove.co.uk/properties/158236994
Monday, 24 February 2025
BUY-TO-LET DEAL OF THE WEEK:3 bed house in Chichester, £325,000, 4.6% yield
Labels:
3 bed house in Cichester,
buy-to-let,
buying,
chichester,
Chichester Properties,
chichester property prices,
housing,
landlords,
property investing,
property investment,
rent,
rental property,
tenants
Thursday, 20 February 2025
What’s for sale in Chichester?
There are 862 properties listed for sale in Chichester on Rightmove currently. 570 are still available to buy, whilst the other 292 have been sold (subject to completion). However, when you start to browse through these properties, you notice there are a lot of mobile homes (that can’t be used as a permanent residence), retirement flats (that are only good for people of a certain age), shared-ownership homes (that aren’t available to everyone) and properties advertised for ‘cash buyers only’ (which won’t apply to most). When you take all of these out of the mix, you’re left with just 456 properties to choose from.
Those looking to buy a three-bedroom home have the most choice, with 175 currently for sale (mostly terraced houses). Meanwhile those at the lower-end of the market looking for a one-bedroom property have the least to choose from, with just 24 on offer (all of which are flats).
Of course, what you can buy will largely depend on your budget. The cheapest of the 456 mortgageable properties that are suitable for non-retirees, can be called your own and lived in all year round, is a one-bedroom flat above shops if The Hornet, priced at £139,000.
At the other end of the scale, the most expensive property for sale in Chichester today (despite having had £300,000 knocked off the price since it was listed last Spring) is a five-bedroom Grade II listed home in Lions Street, priced at £2,350,000. Located in the heart of the city, the property dates back to the early 1700’s and was honoured with a Chichester Heritage Award in 2016.
Assuming your budget is somewhere in-between those two extremes, it might be useful to know that the average property marketed for sale in Chichester is priced at £425,000, which is 8% higher than the average figure from twelve months ago (£395,000).
Breaking the average 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 flats and three-bed houses have declined in the past year, whereas the other property types have risen (with two-bed houses having done so most strongly).
This suggests it is primarily the lower end of the market that has been hit with property price drops, whereas the higher end of the market has remained resilient. This is likely because inflation and rising interest / mortgage rates are having a greater impact on the lower-income households who are further down the property ladder.
A lot has been said about a rush at the start of the year to purchase property before stamp duty increases in April. It is likely too late for most sales agreed now to get through conveyancing in time to beat the hike, so it fits that more supply is coming to and sticking on the market. It will be interesting to see whether prices are affected going forward, especially if mortgage rates do not drop as quickly as many had hoped.
Labels:
buy-to-let,
Cheapest property in chichester,
Chichester Properties,
chichester properties for sale,
landlord,
most expensive property in Chichester,
tenant
Location:
Chichester, UK
Monday, 10 February 2025
BUY-TO-LET DEAL OF THE WEEK: '4' bed house in Chichester, £315,000, 8.5% yield
Summary'4' bed house in ChichesterListed for sale on 21/06/24 @ £319,950Now = £315,000Rent = £2,200pcm*Yield = 8.5%*Last sold for £295,000 in 2021 (+8.4% in 4 years)
* currently a licenced HMO to achieve this (gross) rental return.
Summary
'4' bed house in Chichester
Listed for sale on 21/06/24 @ £319,950
Now = £315,000
Rent = £2,200pcm*
Yield = 8.5%*
Last sold for £295,000 in 2021 (+8.4% in 4 years)
* currently a licenced HMO to achieve this (gross) rental return.
The property is on the market with Hancock & Partners and full details can be found on Rightmove via the following link: www.rightmove.co.uk/properties/157606061
Labels:
4 bed house in Westhampnett,
buy-to-let,
buying,
chichester,
Chichester Properties,
chichester property prices,
housing,
landlords,
property investing,
property investment,
rent,
rental property,
tenants
Location:
Winterbourne Rd, Chichester PO19, UK
Thursday, 6 February 2025
Chichester named least affordable area outside London

Homes for first-time buyers in Chichester have been labelled the least affordable outside of London, according to data from Nationwide. The average home in the city costs 8.5 times the annual earnings of the typical local full-time worker.
A “modest improvement” in affordability across the UK was noted using the data, as wage increases had outpaced house price growth in the past 12 months, whilst mortgage rates had also come down slightly.
Nevertheless, affordability remains stretched by historical standings, with first-time buyers across the country typically faced with paying around five times their earnings for a home, compared to a long-run average of around four times.
The least affordable area in the UK was Kensington and Chelsea in London, where first-time buyers have to pay an average of 13.6 times earnings. On the other end of the scale, Aberdeen was the most affordable area to buy, with homes costing an average of 2.5 times local salaries.
Rising rents have made it especially difficult to save the necessary deposit to buy a home. It is thought that 40% of first-time buyers have some assistance in raising a deposit; either from an inheritance or a gift/loan from family.
Further research by The Telegraph noted Chichester and Bognor Regis (as a combined area) as being the least affordable place in Sussex to live and work, when factoring in that 33.1% of a person’s income is spent on food, household bills and commuting costs.
The unaffordability of homes does not just affect youngsters of course. Older people who bought later in life can struggle to pay their mortgage before retirement. Then there are those who have never gotten on the ladder and need to keep a roof over their head when retired.
Despite these affordability challenges, house prices and mortgage market activity were resilient in 2024. House prices ended the year up by 4.7%, whilst mortgage approvals returned to pre-pandemic levels (despite average mortgage rates being around three times higher).
Given all of the above, it is amazing to note that first-time buyers share of mortgages was higher in 2024 (54%) than before the pandemic in 2019 (51%); further reflecting a drop in landlords purchasing new rental properties.
Labels:
average uk house price,
chichester landlords,
Chichester property 2024,
first time buyer,
minimum wage earner
Location:
Chichester, UK
Monday, 27 January 2025
BUY-TO-LET DEAL OF THE WEEK: 2 bed house in Westhampnett, £290,000, 5.2% yield
2 bed house in WesthampnettListed for sale on 13/08/24 @ £290,000Rent = £1,250pcmYield = 5.2%Last sold for £267,500 in May 2017 (+8.4% in 8 years)
2 bed house in Westhampnett
Listed for sale on 13/08/24 @ £290,000
Rent = £1,250pcm
Yield = 5.2%
Last sold for £267,500 in May 2017 (+8.4% in 8 years)
The property is on the market with White & Brooks and full details can be found on Rightmove via the following link: www.rightmove.co.uk/properties/151262378
Labels:
2 bed house in Westhampnett,
buy-to-let,
buying,
chichester,
Chichester Properties,
chichester property prices,
housing,
landlords,
property investing,
property investment,
rent,
rental property,
tenants
Location:
Lillywhite Rd, Chichester PO18 0SQ, UK
Thursday, 23 January 2025
Why you should let tenants turn your house into their home

I often get asked by prospective tenants whether they’d be allowed to put pictures up on walls should they rent a property of mine. I’m amazed some landlords charge thousands in rent but won’t allow their tenants to put a few pictures up, especially when you consider it from a business perspective.
Having such stringent rules about how a tenant can live won’t make them want to stay for long. This will naturally create a higher churn of tenants, leading to more void periods (and less rent in the landlord’s pocket). Furthermore, the coming and going of tenants will lead to greater wear and tear; which presumably is what the landlord was trying to avoid in the first place!
In my view it’s quite simple; yes, the tenant should respect the property they are renting, but for the time they are there they should see it as their home and treat it accordingly.
If tenants want to put pictures up, they would simply be instructed to return the wall in the same condition as when they started the tenancy. That would mean filling any holes and touching them up. If the touch up doesn’t match the rest of the wall, they should paint the wall. Alternatively, I’d probably give them the advice to buy special hanging strips, which can be used to hang pictures on walls securely without making any holes!
To further protect the landlord, an inventory is created before the tenancy begins, which includes a thorough description and photos of the property’s condition (including the walls). The tenants get the opportunity to check through it, so all parties understand how things need to be returned at the end of the tenancy (less fair wear and tear).
Inspections will soon show if tenants are abusing the tolerances afforded to them, whilst a visit before their move-out with a few pointers as to what is needed to be done to get the property back to the required standard is a good idea. This will help tenants know what is needed to get their security deposit back and it should reduce any required maintenance come the end of the tenancy (again reducing the dreaded void periods).
As ever, choosing the right tenants is important in allowing them the flexibility to live in the property as if it were their own. Whilst the best tenants will ask before making any changes and implement them in a reasonable manner, bear in mind that the worst tenants will just go ahead and do it anyway. Having a more collaborative approach should see happy and content tenants wanting to stay longer in the landlord’s house, having turned it into their home.
Labels:
Chichester Properties,
Chichester properties to rent,
decorating,
decoration,
landlord,
property,
tenants
Monday, 13 January 2025
BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Chichester, £300,000, 5.0% yield
3 bed house in ChichesterListed for sale on 19/11/24 @ £325,000Now = £300,000Rent = £1,250pcmYield = 5.0%Last sold for £185,000 in March 2007 (+57% in 18 years)
3 bed house in Chichester
Listed for sale on 19/11/24 @ £325,000
Now = £300,000
Rent = £1,250pcm
Yield = 5.0%
Last sold for £185,000 in March 2007 (+57% in 18 years)
The property is on the market with Hancock & Partners and full details can be found on Rightmove via the following link: www.rightmove.co.uk/properties/155120276
Labels:
3 bed house in Chichester,
buy-to-let,
buying,
chichester,
Chichester Properties,
chichester property prices,
housing,
landlords,
property investing,
property investment,
rent,
rental property,
tenants
Location:
Caernarvon Rd, Chichester PO19, UK
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