21 William Road, Chichester, West Sussex, PO19 7HG

Description

A Ground Floor Studio Flat in Need of Refurbishment. The property comprises a ground floor studio flat situated within a semi detached building arranged over ground and first floors.

Accommodation

Ground Floor: Studio Room; Bathroom

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Springfield Park are within easy reach. Transport links are provided by Chichester rail station.

Tenure / Property Information

Investment Analysis

The supplied completed sales on William Road range from £90,000 to £167,000. The most recent sale, 24 William Road, achieved £90,000 on 14 February 2025, but the evidence does not confirm its size, accommodation, condition, lease term or direct comparability with this ground floor studio. The higher-value sales are also insufficiently specified for a reliable studio-flat valuation. A defensible GDV cannot therefore be established from the supplied evidence alone.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, inspecting the flat, confirming the lease and obtaining refurbishment and rental evidence. On the supplied evidence, do not rely on a positive BTL, BRRR or flip margin.

Works Required

Refurbishment is stated as required, but no defects or scope are provided. Allow only for condition-led works confirmed by inspection and the legal pack; the cost of refurbishment, compliance works and any communal or lease-related works is currently unsupported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A purchase-refurbish-refinance assessment cannot be quantified. Refurbishment cost, achievable rent, GDV and applicable buyer or legal charges are not sufficiently evidenced. The approximately 87-year unexpired lease should also be confirmed as acceptable to the intended lender before bidding.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The guide is £85,000 plus fees, with a known £1,800 administration charge and potentially further charges, but total acquisition cost is unknown.

Flip Analysis

A flip appraisal cannot be quantified reliably. Although completed sales range from £90,000 to £167,000, the comparables lack sufficient detail to establish a studio-specific GDV, while refurbishment, selling and acquisition costs are unknown.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not supplied.

• No sufficiently specific rental evidence is available.

• The sold comparables are not sufficiently detailed to confirm studio-flat comparability.

• Buyer premium and additional legal, search, seller-cost reimbursement and transfer charges are unknown.

• The lease has approximately 87 years unexpired and its lender acceptability and terms require confirmation.

• Condition, service charges, ground rent and other lease obligations are not supplied.

Recommendation

Proceed only after reviewing the legal pack, inspecting the flat, confirming the lease and obtaining refurbishment and rental evidence. On the supplied evidence, do not rely on a positive BTL, BRRR or flip margin.

Strategy Rating

Analysis Confidence

The evidence includes a guide price, one known administration charge, lease length and several same-road sales, but lacks verified comparable specifications, refurbishment costs, rent, EPC, service charges, legal-pack charges and a confirmed GDV.