Tod Anstee says ..

Property Oracle says ..

This property is a freehold retail building situated on West Street in Chichester, a prime location in West Sussex, England. The listing highlights planning consent already granted for conversion into a luxury duplex, 2-bedroom apartment, offering attractive views of Chichester Cathedral. The current condition of the property, as shown in the images, necessitates complete renovation. The interior shows considerable wear and tear, including damaged ceiling tiles and exposed wiring. The lack of bathrooms and bedrooms in the current structure is indicative of the intended transformation of the property. The property’s central location within Chichester, its proximity to amenities including schools and the train station, and the secured planning permission represent significant positives. However, potential buyers must factor in the substantial renovation costs before committing to the £595,000 asking price. Further investigation into the specific details of the planning permission would be prudent, such as the expected timeframe for completion and associated costs. The lack of information on total square footage in comparable properties makes a precise price-per-square-foot comparison challenging, hence a potential slight undervaluation can not be ruled out.

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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