As a buy-to-let landlord, you may be interested in which areas of the city are the most affordable. Below is a list of the Top 10 least expensive streets in Chichester (PO19 Postcodes only), based on sold prices since 1995 registered with the Land Registry:
1. Lennox Road - £126,860
2. Herald Drive - £130,450
3. Douglas Martin Road - £132,126
4. Whiteside Close - £136,000
5. Bishops Luffa Close - £139,097
6. Wilson Close - £143,295
7. East Walls - £144,873
8. Shamrock Close - £147,223
9. Whyke Close - £149,726
10. St Cyriacs - £149,993
It is certainly worth pointing out that not all the properties sold above would have exchanged hands under 'normal' market conditions. For example, Right-To-Buy and compulsory purchase schemes may have impacted on sale prices, as well as localised demolition and regeneration i.e. the new apartments along East Walls (Shippam Street and Roman Quarter).
Furthermore, many of these streets are also almost 100% populated with one bedroom apartments and studios, which of course will distort the figures and bring the average sale price down.
Interestingly enough, however, we regularly get requests specifically for apartments in Lennox Road from NHS staff and nurses working at St Richards, due to its close proximity to the hospital.
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