# 2 bedroom apartment for sale (GU29 0EY) ## Property Details | Key | Value | |-----|-------| | Address | 73, KING EDWARD VII APARTMENTS, KINGS DRIVE, MIDHURST, WEST SUSSEX GU29 0EY | | Price | £525,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Last sold | £525,000 Mar 2021 | ## Description A stunning location, wonderful facilities, this beautiful two bedroom ground floor apartment offers the new owner a chance to purchase a piece of history. Explore the 165-acre site, or simply walk the gardens with your first coffee of the day. Quote #DSP for more details This simply Magnificent development would not be out of place in London or even New York, except for one huge difference – The Rural setting, positioned within 165 acres of park and private woodlands. This charming apartment is on the ground floor allowing you direct access to the garden for your morning stroll with the first coffee of the day. The apartment offers open plan living with entertaining in mind. The two double bedrooms both have storage however they also have more space for those who have a larger wardrobe collection, the principle bedroom has an ensuite bathroom while there is a separate shower room for the other bedroom and guests. Outside The Development has been designed in such a way that it takes in the full complement of the English countryside. There are a plethora of walks that are hugely popular with the resident dog owners, perfect for getting your step numbers up during the day, or more simply sitting back and taking in your surroundings For those that love entertaining there is ample parking for your guests. Lease: 175 year Lease from the 01.01.2015 Summary Of Amenities • 165 Acres of private park and woodlands • Swimming Pool with Steam Room • Fully Equipped Gym • On Site Concierge • Boutique Lounge • Fibre Optic Broadband to each apartment • Ample Parking Quote #DSP when enquiring about this property. ## Property Photos - ![Picture No. 01](/listings/photos/96031736/341194) - Picture No. 01 - ![Picture No. 02](/listings/photos/96031736/341195) - Picture No. 02 - ![Picture No. 03](/listings/photos/96031736/341196) - Picture No. 03 - ![Picture No. 04](/listings/photos/96031736/341197) - Picture No. 04 - ![Picture No. 05](/listings/photos/96031736/341198) - Picture No. 05 - ![Picture No. 06](/listings/photos/96031736/341199) - Picture No. 06 - ![Picture No. 07](/listings/photos/96031736/341200) - Picture No. 07 - ![Picture No. 08](/listings/photos/96031736/341201) - Picture No. 08 - ![Picture No. 09](/listings/photos/96031736/341202) - Picture No. 09 - ![Picture No. 10](/listings/photos/96031736/341203) - Picture No. 10 ## Floorplans - ![Floorplan](/listings/photos/96031736/341204) - Floorplan ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | KING EDWARD VII APARTMENTS 73 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EY | £525,000 | 29/03/2021 | Flat | | KING EDWARD VII APARTMENTS 73 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EY | £520,000 | 28/03/2018 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | KING EDWARD VII APARTMENTS 61 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EX | £230,000 | 11/12/2025 | Flat | | KING EDWARD VII APARTMENTS 42 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EX | £785,000 | 01/10/2025 | Flat | | KING EDWARD VII APARTMENTS 77 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EY | £285,000 | 28/06/2024 | Flat | | KING EDWARD VII APARTMENTS 111 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EY | £565,000 | 05/04/2024 | Flat | | KING EDWARD VII APARTMENTS 91 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EY | £540,000 | 19/09/2023 | Flat | | THE NURSES HOUSE 5 ADAMS WALK, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0FF | £565,000 | 04/08/2023 | Flat | | KING EDWARD VII APARTMENTS 66 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EY | £258,500 | 26/05/2023 | Flat | | KING EDWARD VII APARTMENTS 6 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EX | £320,000 | 12/05/2023 | Flat | | KING EDWARD VII APARTMENTS 12 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EX | £400,000 | 08/03/2023 | Flat | | KING EDWARD VII APARTMENTS 108 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EY | £1,100,000 | 20/02/2023 | Flat | | KING EDWARD VII APARTMENTS 48 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EX | £462,500 | 13/10/2022 | Flat | | KING EDWARD VII APARTMENTS 52 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EX | £237,500 | 12/10/2022 | Flat | | KING EDWARD VII APARTMENTS 102 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EY | £1,250,000 | 28/07/2022 | Flat | | KING EDWARD VII APARTMENTS 99C KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EY | £195,000 | 21/07/2022 | Flat | | KING EDWARD VII APARTMENTS 130 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EY | £550,000 | 08/06/2022 | Flat | | KING EDWARD VII APARTMENTS 23 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EX | £450,000 | 14/04/2022 | Flat | | KING EDWARD VII APARTMENTS 16 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EX | £461,500 | 24/03/2022 | Flat | | KING EDWARD VII APARTMENTS 112 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EY | £725,000 | 18/03/2022 | Flat | | KING EDWARD VII APARTMENTS 4 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EX | £310,000 | 08/03/2022 | Flat | | KING EDWARD VII APARTMENTS 28 KINGS DRIVE, MIDHURST, CHICHESTER, WEST SUSSEX, GU29 0EX | £494,790 | 28/02/2022 | Flat | **Area average:** £509,240 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £283,056 (9 Flat, GU29, 2024–2026) - **Deviation:** +85.5% ## Rental Range *ONS Price Index of Private Rents (Chichester). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,190/mo - **Realistic:** £1,322/mo - **Optimistic:** £1,454/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Chichester (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £947/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Penthouse, Adams Walk, GU29 | £1,300/mo | 2 | 0.18 miles | OpenRent | **Average rent: £1,300/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.25% (weak for cashflow) - **Max investor price (0.8%):** £162,500 - **Target investor price (1%):** £130,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,300/mo).* - **Gross yield:** 3% - **Cost-to-rent:** 33.7× - **Monthly cashflow:** £-923/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -7.3% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 9.6% - **10y growth:** -41.6% ## House Price Index (HM Land Registry) *Official index for Chichester; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -8.8% - **5y growth (index):** -5.5% - **10y growth (index):** 8.7% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)