Chichester

Area Guide For Chichester

Chichester is a cathedral city in West Sussex, within the historic County of Sussex, South-East England. It has a long history as a settlement its Roman past and its subsequent importance in Anglo-Saxon times are only its beginnings. It is the seat of a bishopric, with a 12th century cathedral, and is home to some of the oldest churches and buildings in Great Britain. Chichester today is a local government stronghold, with three levels of government being administered there. It is also a transport hub, and the centre for culture in the region, with a Festival theatre and two art galleries. Nearby Chichester Harbour, together with the South Downs and the city walls, provide opportunities for outdoor pursuits. The area around Chichester is believed to have played significant part during the Roman Invasion of A.D 43, as confirmed by evidence of military storage structures in the area of the nearby Fishbourne Roman Palace. The city centre stands on the foundations of the Romano-British city of Noviomagus Reginorum, capital of the Civitas Reginorum. The Roman road of Stane Street, connecting the city with London, started at the

 
 

Chichester Map

Estimated Price: £383,854
Average Asking Price: £454,720
Price change in last one year: £23,197
Average Price Paid: £316,163
Average Rent Rates: £1,445

 
 

Property Prices Breakdown in Chichester

Average Price for property in Chichester is around £383,854 which varies based on type of property you are interested in and ranges from £540,543 for detached house to around £318,489 for semi-detached. Similarly terraced house is around £297,882 and a flat is worth £212,453. Values have been changing and have risen £2,675 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,818 in last 6 months, £23,197 in last 1 year, £40,207 in last 2 years, £52,123 in last 3 years, £39,995 in last 4 years and £56,781 in last 5 years.

Currently average asking price of a property in Chichester is around £454,720 based on approximately 1,338 properties for sale. Same is the case with rental options based on 205 properties up for rent, average asking rent is around £1,445 per month.

Estimated property value in Chichester is £383,854. Average asking price is £454,720 while average price paid is £334,406 which is up by £23,197 and Avg. asking rent £1,445.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Chichester area. In last 1 year alone average price buyer paid is around £334,406 based on approximately 1,338 sales in Chichester area alone. If you compare it to last 3 years sales of 4,054 properties where buyers paid around £324,093. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £316,163 for 6,490 and average amount paid for purchase of approx. 8,722 properties sold in last 7 years comes to about £306,725 per sale.

 
 

Properties For Sale in Chichester

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £173,336, £212,098 for a 2 bedroom house, £370,244 for a 3 bedroom house, £645,283 for a 4 bedroom house and £1,182,645 for a 5 bedroom house. For a flat similarly the prices varies from £147,536 for a single bedroom to £228,112 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £296,999. To sum up the asking prices for properties in Chichester it comes to around average £158,286 for 1 bedroom property, £217,634 for 2 bedroom, £367,955 for 3 bedroom, £645,283 for 4 bedroom and £1,182,645 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £750 for 1 bedroom to £897 for 2 bedrooms, £1,159 for 3 bedrooms, £1,565 for 4 bedrooms and £1,668 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £690. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £897 and £787 for 3 bedroom. You should be generally be expecting around average £708 rent per month for single bedroom property, £897 for 2 bedroom, £1,144 for 3 bedroom, £1,565 for 4 bedroom and approximately £1,668 for a 5 bedroom property in Chichester area.

Popular Houses in Chichester

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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