5-bedroom house · PO19 5QF
For saleReduced £200k (−7.4%) on 21 JunListed 267 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Light House can be found in one of Chichester's most sought after residential areas just north of the city centre.
The property was built in 2015 and has been further extended by the current owners.
The Light House offers beautifully presented accommodation with the recent addition of an annexe wing comprising of partly vaulted kitchen/breakfast room, cloak/shower room, snug and bedroom with en-suite shower room.
At the centre of this particularly stylish property is a superb partly vaulted oak frame open plan sitting/dining room with a magnificent oak and glass stairway rising to a galleried first floor landing.
The ground floor also boasts a beautifully appointed kitchen/breakfast room with integrated Neff appliances and bi-fold doors providing access out onto the rear garden.
Adjoining the kitchen/breakfast room is a walk-in pantry/store and there is also a ground floor bedroom with en-suite bathroom.
Off the first floor galleried landing is a principal bedroom suite with en-suite bathroom, dressing room and a feature glass Juliette balcony that overlooks the rear garden.
There are two further first floor bedrooms both with en-suite shower rooms.
Outside the property has a gravelled driveway and ample parking for several vehicles with pathway leading to the front of the house where there is a large covered New England style veranda.
To the rear of the property is a good size mature garden and the current owners have also built a superb garden room/home office.
Chestnut Avenue can be found within 1.5 miles of Chichester city centre and easy access to the Centurion Way.
The city centre has an excellent range of shops, bars and restaurants arranged in the predominantly pedestrianised centre.
Other facilities in and around Chichester city centre include the Festival and Minerva Theatres, Pallant House Gallery and the Westgate Sports Centre as well as the Chichester Racquets and Fitness Club.
Chichester is within easy reach of the rich countryside of the South Downs National Park with Goodwood approximately four miles away.
The Goodwood Estate hosts numerous events throughout the year including the Festival of Speed and the September Members Meeting at its historic motor circuit.
Goodwood also has its own private country club and full horse racing calendar.
The area is also a mecca for sailors with sailing clubs at Chichester Harbour, Itchenor, Bosham and Birdham, and the blue flag beaches and National Trust Reserve at East Head in West Wittering can be found approximately nine miles to the south.
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.
Area
Agent & docs
FAQ
About The Light House,, Chestnut Avenue, West Sussex
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