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Spitalfield Lane, Chichester PO19

South East

£150,000

Listed on 20/06/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This property presents a compelling opportunity for investment within the established urban confines of Chichester, as outlined in the current Local Plan. The site is situated within a defined settlement boundary, facilitating potential residential development opportunities that align with local planning policies aimed at sustainable growth. With dual access from both Spitalfield Lane and Melbourne Road, flexibility in design and layout could be achieved, potentially allowing for a high-quality single dwelling or even a small residential scheme. The surrounding area boasts convenient access to key amenities including the city centre, St Richard's Hospital, and various recreational facilities. This prime location not only sets the stage for future growth but also ensures compliance with essential planning considerations such as design sensitivity and residential amenity standards. Notably, developers will need to assess nutrient neutrality requirements due to environmental regulations impacting new builds in this catchment area. As such, while no planning permissions are currently standing, the nature of the site provides an intriguing proposition for those looking to capitalize on Chichester's growing market.

Investment Analysis

(PO19 area)
Area Average
£411/sq ft
Avg Rent (weekly)
£333
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PO19)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -5.8%
5 year growth: +8.6%
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

Spitalfield Lane, Chichester PO19
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£567
Based on a loan of £112,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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