Henry Adams says ..

Property Oracle says ..

This property is a block of seven apartments located in Oving Road, Chichester, West Sussex. It’s marketed as a freehold investment opportunity with all seven flats currently let. The annual rental yield is claimed to be £67,320, representing a significant income stream for investors. The location is a plus, being approximately half a mile from Chichester city centre, offering convenient access to amenities and transport links. The proximity to schools is a positive factor for families renting individual apartments, however, this information isn’t given. The property’s condition appears acceptable based on the external image; however, a thorough internal inspection is essential to assess its actual state. The lack of garden space suggests limited private outdoor area. The price of £900,000 is significant but needs to be analyzed in comparison to the rental income and overall market value. The lack of square footage data for the entire property and individual apartments makes a definitive statement on value difficult. Overall, this property represents a substantial investment opportunity. A detailed valuation by a qualified surveyor and further investigations into the condition, rental agreements, and profitability are recommended before making any investment decision. Investors should consider potential future maintenance costs and the implications of managing multiple rental units. Thorough due diligence is essential before proceeding.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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