House · PO22 8NP
For saleListed 725 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Prime development site with detailed planning approved by Arun District Council under reference Y/46/24/S73 and Y/77/22/pl for four barn style new build properties.
Each property has been designed by Whaleback Properties, and the site is ready for early commencement.
There will be four house types, two of which were approved under Y/46/24/S73 and the remaining two under Y/77/22/pl.
The land was originally part of the grounds of Bonhams and provides quick and easy access to Felpham village and the popular beaches along the south coast.
House one is a four bedroom detached barn and double garage, 275.3sqm including garage, excluding void. Plot 2 measures 292.31sqm and plot 3 is the same as 2 and number 4 measures 286.03sqm.
The site has been laid out to avoid a foul sewer that runs across the site which can be detailed in the architectural plans available on the Arun District Council website.
Hoe Lane is an attractive no-through residential lane with a mixture of large residential houses, cottages and barn conversions.
Local shops are available in the nearby villages of Middleton and Felpham both about a mile distant and each provide access to their beaches and foreshore.
A little further afield, a Sainsburys superstore will be found on the outskirts of Bognor Regis and more comprehensive shopping facilities can be found in either the beautiful cathedral city of Chichester some 8 miles to the north or Arundel some 7 miles away.
Local leisure pursuits are well-catered for, many of them being sea based including sailing, windsurfing and kayaking from various beaches and sailing clubs along the south coast.
To the north, lies the rich un-spoilt countryside of the South Downs National Park criss-crossed with many footpaths and bridle paths providing opportunities for walking and mountain biking.
Nearby Goodwood also provides facilities including its internationally known racecourse, golf course, country club and airfield.
It also plays host to the annual Festival of Speed and the Revival of its historic motor circuit.
There is a mainline station at Bognor Regis providing a regular service to London Victoria in about 1 hour 50 minutes.
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 Land at Bonhams,, Hoe Lane, Bognor Regis
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