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Oving Road, Chichester

South East

£795,000
Listed on 26/09/2025

Property Details

Bedrooms
6
Type
Detached house

Description

This property presents a unique opportunity for renovation and investment, featuring six spacious flats within a well-situated building at the corner of Oving Road and St. James's Road, just east of Chichester’s historic town center. The location benefits from excellent transport links, including nearby bus routes and Chichester's mainline rail station, which provides convenient connections to Brighton, Portsmouth, and London Victoria. Additionally, easy access to the A27 and A3 allows for seamless travel along the South Coast and towards London. Each flat offers versatile living spaces that could be transformed to suit modern living needs. The first flat encompasses approximately 48 square meters and includes a sizable living room measuring 16'3" by 13'2", alongside a bedroom and study that provide potential for customization. Flats two through six feature varying layouts but all possess similar potential for upgrades with generous living areas and distinct bedrooms. For instance, the largest flat spans around 53 square meters, featuring a living room of 15'7" by 9'8" and ample kitchen space. The communal gardens at both the front and rear of the property enhance outdoor living options while providing an inviting atmosphere for residents. Importantly, allocated parking spaces at the rear cater to resident convenience. With its prime location in a historically rich area combined with extensive renovation potential across all units, this property is well-positioned as an investment opportunity. Whether looking to capitalize on rental demand or considering conversion possibilities into desirable residential units, this building holds considerable promise for future development or enhancement.

Investment Analysis

(PO19 area)
Area Average
£414/sq ft
Avg Rent (weekly)
£372
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PO19)

Area prices are falling by +2.1% over the last 12 months
3 year growth: -5.7%
5 year growth: 9.0%
Investment Disclaimer: Analysis based on PO19 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Oving Road, Chichester
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,912
Based on a loan of £596,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE