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The best areas around Chichester for first-time buyers

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The best areas around Chichester for first-time buyers

Chichester is the proud county town of West Sussex and is a cathedral city that’s steeped in Roman history while also offering an abundance of shopping, culture and leisure activities.

It goes without saying that Chichester has so much to offer as a place to live, however with average property prices at £388,261, purchasing a property in the area is not financially viable for the majority of first-time buyers.

Nevertheless, some of Chichester’s surrounding areas in West Sussex offer more affordable housing for first time buyers as well as access to the gorgeous countryside, beautiful beaches and relaxed lifestyle those who are looking to relocate in the area aspire to. So, in this article John Anstee, Director at leading estate agent Tod Anstee Hancock recommends some West Sussex alternatives to living in Chichester for first-time buyers.

First-time buyers account for the largest part of the UK property market

Figures that were released in February 2019, revealed that there were 372,000 first-time buyers in 2018, a number that propelled first-time buyers to become the largest buying group of the UK property market.

This is the first time in over two decades that first-time buyers have accounted for the majority of the UK property market, with the last time this happened occurring way back in 1995.

The number of first-time buyers has risen year-on-year, with a 2% over the previous year. In fact, this is the seventh consecutive year that the UK property market has seen a rise in first-time buyers, although it is worth noting that the percentage growth is beginning to stall from its high of 9% in 2016.

In spite of the growth in first time buyers, rising property costs in  many parts of the country mean that few millennials can afford to get on the housing ladder depending on where they live in the UK and whether the Bank of Mum and Dad has lent a helping hand.

Why aren’t first-time buyers moving to Chichester?

It is evident that an increasing amount of people in the UK are becoming more willing to secure their position on the property ladder, so why is the percentage of first-time buyers in the city of Chichester so relatively small?

At the time of this article, the median asking price of Chichester properties is just over of £383,000, a price that is certainly out of range for most first-time buyers. In addition to this, Chichester was recently named as the UK’s 6th most expensive area for those trying to get on the property ladder, with the average property price up to six times the average household income.

Despite home development projects being completed within the area in a bid to attract more first-time buyers, it has been revealed that these properties will cost around £250,000, a figure that is still out of reach for many first-time buyers.

Alternative West Sussex locations for first-time buyers

At Tod Anstee Hancock, we fully understand that many first-time buyers are not in a financial position to move to Chichester just yet. Nevertheless, West Sussex is luckily home to more affordable locations that are still truly fantastic places to live.

Tod Anstee Hancock estate agents has one of the largest and most experienced property teams in West Sussex, so there are few better placed than us to advise first time buyers looking to move to the area.

So, to help you find your ideal first home, our Residential Sales team has compiled a list of different areas around Chichester that are most suitable for first-time buyers.

Aldwick

Aldwick is a tranquil seaside civil parish in West Sussex’s Arun district. Aldwick is actually the place where King George V convalesced at Craigweil House in 1929 and the reason that nearby Bognor Regis acquired its regal suffix. Aldwick is regarded as one of the most attractive suburbs to the west of Bognor Regis and has a lovely beach which is a quieter place for you to enjoy the seaside, when compared to the beach at Bognor Regis.

 

Bognor Regis

Less than 6 miles from Chichester, Bognor Regis is a West Sussex seaside resort that lies on England’s south coast. Bognor Regis has convenient transport links to both London and Chichester and boasts a pedestrianised town centre with a variety of different shops. It has a friendly holiday atmosphere and offers a good range of housing from seaside apartments to town houses. If you look at the median asking price for Bognor Regis in the table below, at £40k less than neighbouring Chichester, there is a lot more choice for first time buyers with 290 properties available for sale at less than the median asking price compared with Chichester’s 129.

Location
Average Asking
Sales Price
Median Asking
Sales Price
Number of properties <median sales price
Chichester £383,309 £325,000 129
Bognor Regis £310,743 £284,000 290

 

Learn more about your home search in Bognor Regis.

Felpham

Located in the Arun District of West Sussex, Felpham is a village and civil parish just to the east of Bognor Regis that is perfect for any families who are looking for their first property. Felpham has a super-friendly environment, a range of primary schools and great travel links via Bognor Regis.

Explore the property trends in Felpham.

Six Villages

‘Six Villages’ refers to the range of picturesque villages that lie between Arundel and Chichester. These villages are Barnham, Eastergate, Westergate, Walberton, Fontwell and Yapton, and each of these semi-rural locations are home to many affordable properties for first time buyers.

Find each of the Six villages on our Areas we cover page.

Tangmere

Situated just three miles North East of Chichester, Tangmere is a historic village that has a tightknit community and some noteworthy attractions. The Tangmere Military & Aviation Museum is a former RAF base that attracts some 30,000 visitors each year. It has experienced rapid growth in recent years resulting in a good range of housing at more modest prices.

Learn more about searching for property in Tangmere.

Find the perfect West Sussex property with Tod Anstee Hancock

If you are a first-time buyer who is looking to locate to the beautiful county of West Sussex, then look no further than leading independent estate agent, Tod Anstee Hancock. Our experienced property consultants have assisted many prospective homeowners achieve their initial step onto the property ladder, by helping them move into their first West Sussex home.

To browse the range of West Sussex homes that we currently offer, check out our Chichester properties for sale page now.

Or if you would like to talk directly to one of our dedicated property advisors please call us on 01243 523723.

If you are unable to discuss your query over the phone right now, simply provide us with a few quick details by contacting us online and a member of the Tod Anstee Hancock team will call you back at a more suitable time.

Discover the leading West Sussex estate agency.