3-bedroom house · PO20 0RB
Sold STCListed 234 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Iron Latch Cottage is a charming Grade II listed detached property situated in the coastal village of Selsey.
The property consists of an entrance hall with attractive period oak door, kitchen/dining room with Belfast sink, oak fronted units and granite worktops with French doors opening on to a patio dining area and garden, sitting room/library with inglenook fireplace, downstairs shower room and study with French windows leading to the rear garden.
There are two staircases under the property’s two recently re-thatched roofs.
The principal bedroom and ensuite bathroom and a further single bedroom are found above the sitting room and a third bedroom is above the kitchen dining room.
Outside The cottage is situated in the heart of Selsey on a road lined with amenities leading down to Selsey Beach.
To the side of the house twin timber electric gates open to a paved driveway and detached carport and garage/office.
The plot is well enclosed by mature greenery, from the pretty front garden with its lush palm to the wonderfully secluded rear garden: Here there are two paved areas for alfresco entertaining, and a lawn surrounded by tall hedges, a variety of trees and established shrubs which create a fabulous private space.
An area of woodland conceals a greenhouse, summerhouse, a well, and there is a garden shed with swimming pool filter and a detached utility room/store.
Situation The village of Selsey is situated between the Witterings and Bognor Regis and offers plentiful day-to-day amenities as well as the feel of living in a fantastic beach resort setting.
The historic cathedral city of Chichester is 8 miles distant and has a wide variety of cultural, leisure and shopping facilities including the renowned Festival Theatre, the Pallant House Gallery and historic cathedral as well as a variety of restaurants, wine bars and brasseries.
There is a mainline railway station with services to London Victoria via Gatwick airport (approximately 90 minutes) and the A 27 provides access to Brighton to the east and Southampton to the west.
Property Ref Number: Ham-57562 Additional Information Chichester District Council, Tax Band E. All mains services.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Iron Latch Cottage, 21 High Street, Chichester
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