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See how verdicts work5-bedroom house · PO20 1PR
For saleReduced £300k (−13.3%) on 16 SepListed 1072 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
With its distinctive architecture, the north-west wing of Runcton Mill is believed to date to C17, with the addition of the taller south-east wing in C18.
Originally the site of a grain grinding enterprise, the property was converted from an industrial mill into a unique residence which showcases historic characteristics and retained machinery co-existing in harmony in a modern day living environment.
Rustic beams and posts, flagstone flooring and feature fireplace afford enchanting surrounds, with a spacious reception hall offering the warming welcome of a very realistic electric stove set within a vintage fireplace.
The elegant sitting room provides a relaxed setting, and a dining room perfect for hosting family and friends.
The kitchen/breakfast room and adjoining garden room are filled with natural light courtesy of the triple aspect with walls and ceilings of glass and external doors which offer a connection to the garden.
A recent rebuild of the kitchen has created an impressive, sociable space with bespoke cabinetry, including an island unit, and glazed floor sections revealing the waterway below.
The striking central stairway rises to the accommodation on the first and second floors where landings feature step-level changes and elevated views over the grounds can be enjoyed.
A luxurious, principal bedroom, offering a dressing room and stylish en suite bathroom, is situated on the first level along with two further en suite bedrooms.
At the top of the house, under the rafters, there are two additional bedrooms, a family bathroom and a versatile use study.
In the naturalist setting of mature trees, expanses of lawn, mill ponds and streams, the property sits on the banks of Pagham Rife offering an idyllic, outdoor haven.
Paved terracing adjoins the property, along with decked platforms offering opportunities for al fresco dining and relaxing in this serene and tranquil setting.
Hedging fronts the lane, with access to a garage and parking, whilst a generous workshop outbuilding provides flexible uses.
Situated just to the south of Chichester, the hamlet of Runcton is home to the popular Walnut Tree Public House and the Runcton Farm Shop, which offers an excellent selection of locally grown fruit and veg, a delicatessen, a butchery and a café.
Nearby Hunston has a convenience store and post office, a golf club and a village hall which hosts clubs and events.
The Cathedral City of Chichester is within easy reach and provides a comprehensive range of retail, leisure and cultural facilities, including the renowned Festival Theatre and Pallant House Gallery as well as a mainline station with services to Gatwick and London Victoria.
The Goodwood Estate is well known for its horse racing events calendar, and the annual Festival of Speed and Revival Meetings at its historic motor circuit.
It also boasts two golf courses, a spa and small airfield.
For sailing enthusiasts, Itchenor and Bosham are close by, and marina facilities are within easy reach at both Birdham Pool and Chichester Marina.
Water sports from the beaches at Bracklesham and West Wittering are excellent, and for wildlife and nature enthusiasts, the rspb Pagham Harbour is close by.
Well-regarded schooling in the vicinity includes Westbourne House, Great Ballard, The Prebendal School and Portsmouth Grammar School.
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 Runcton Mill,, Runcton, West Sussex
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