14, Charles Avenue, CHICHESTER, West Sussex

Description

Leasehold purpose built flat. Two bedrooms, reception room, kitchen, shower room/wc.

Accommodation

Two bedrooms, reception room, kitchen, shower room/wc

Location

The property is located on Charles Avenue. Shopping amenities are available within Chichester City Centre lying to the west. Public transport links can be found at Chichester Train Station along with a network of local bus services serving the surrounding areas. The property is served by road links including the A27 located to the east and the A285 lying to the north. Recreational pursuits are available locally.

Tenure / Property Information

Investment Analysis

Five Land Registry sales on the same avenue range from £149,250 to £160,000. The most recent comparable, 36 Charles Avenue, sold for £160,000 on 2 February 2026. These comparables are flats/maisonettes but do not provide bedroom, condition, floor or lease details, so £160,000 is an indicative base GDV rather than a formal valuation. The £90,000 guide implies substantial apparent headroom, subject to lease, condition and auction-cost due diligence.

Investment Snapshot

Strategy Recommendation

Proceed only as a conditional-value opportunity: obtain the full lease and special conditions, confirm service charge and ground rent liabilities, inspect condition, and establish achievable rent before bidding. The apparent guide-to-comparable discount is attractive, but a firm bid limit cannot be supported from the supplied evidence.

Works Required

No condition or defect information is supplied, so no refurbishment scope or allowance can be supported. Inspect the flat and verify heating, parking, lease terms and condition before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

On the base GDV, 75% refinance is £120,000. Against the £90,000 guide and known £1,800 documentation fee, this suggests potential refinance headroom, but total project cost cannot be calculated because works, lease liabilities, service charge, seller fees and finance costs are unknown. Mortgageability may also depend on the outstanding lease terms and ground-rent provisions.

Buy-to-Let Analysis

BTL cannot be properly assessed because no sufficiently specific rental evidence or auctioneer rent estimate is provided. Service charge, ground rent, lease length and any other landlord costs are also unknown. The known guide price plus the £1,800 contract documentation fee is £91,800 before any seller fees, finance, lease costs or works.

Flip Analysis

The comparable evidence supports an indicative resale value around £149,250–£160,000, with £160,000 as the base case. A reliable flip surplus cannot be calculated because condition, refurbishment cost, selling costs, lease information and possible seller fees are unavailable.

Investor Risks & Due Diligence

• Lease length, ground rent, review provisions and service charge are unknown.

• Additional seller fees may be payable under the Special Conditions of Sale.

• No sufficiently specific rental evidence or passing rent is available.

• Condition and required works are not described, so refurbishment costs cannot be estimated.

• Comparable sales do not state bedroom count, condition, floor, lease length or service-charge position.

• Parking and heating information is unavailable and may affect value or lettability.

Recommendation

Proceed only as a conditional-value opportunity: obtain the full lease and special conditions, confirm service charge and ground rent liabilities, inspect condition, and establish achievable rent before bidding. The apparent guide-to-comparable discount is attractive, but a firm bid limit cannot be supported from the supplied evidence.

Strategy Rating

Analysis Confidence

There is useful same-road completed-sale evidence, including a recent 2026 transaction, but key inputs are missing: lease length and costs, condition, rent, parking, heating, seller fees and detailed comparable characteristics.