2-bedroom house · PO20 7EJ
For saleListed 715 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stunning modern design new build houseboat, with open plan kitchen/dining/sitting room, 2 bedrooms and bathroom, offering a cosy and comfortable living space afloat.
The newly constructed houseboat is built to highest standards, using quality materials and is thoughtfully designed to maximise space, style, natural light and comfort aboard.
Situated on the Chichester Canal adjacent to Premier Marina's Chichester Marina in an area of Outstanding Natural Beauty, overlooking adjacent fields, within a short walk of Chichester Harbour - a fabulous destination location, popular for boating, harbour and countryside walks, recreation and dining out.
Ideal as either a permanent home or weekend retreat, with designer finish low maintenance lines, an open-plan kitchen/dining/living area, two bedrooms and a luxury bathroom with walk in shower.
Energy efficiency includes a high degree of insulation to floors, roof and walls with double glazed windows, plus LED lighting and electric radiators.
The houseboat comprises approximately 500 sqft floor area with large floor to ceiling windows in the open plan style kitchen/living room, with full width gazing and door opening onto an outside decked balcony area with composite decking and stainless steel guardrails with views over the canal.
The kitchen area has been designed to provide a clean cut look with floor and wall mounted cupboards and integrated appliances including a fridge/freezer, dishwasher, oven, hob and inset sink and mixer tap.
Both bedrooms have windows overlooking the canal and the luxury bathroom suite includes a walk in shower, wall hung vanity wash basin, wc and illuminated mirror.
The berthing agreement is subject to Premier Marinas Terms & Regulations and includes the supply of drinking water and waste water disposal, with up to 2 un-allocated parking spaces on the marina site within the annual berthing charge - based upon 2024 rate - £7,448 per annum.
Electricity is supplied via the Marina and charged on a metered unit basis.
Council Tax Band A: The landscaped garden area adjacent is rented from Premier Marinas Ltd on a yearly licence basis at a peppercorn rental.
Houseboats are EPC - energy performance certificate, exempt.
The houseboat is constructed to Eurocode 2 bs en 1992 and the flotation system is a fully enclosed concrete pontoon requiring minimum maintenance.
Cash funding will be required for the houseboat purchase and proof of funds will be required prior to viewing. Viewing is strictly by accompanied appointment only with Baileys.
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
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FAQ
About Houseboat Herons Rest, Chichester Marina, Chichester
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