3-bedroom semi-detached house · PO19 8AB
Listing removedListed 344 days
Opportunity summary
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About
For Sale by Informal Tender Closing Date: 12:00 noon, Friday 5th December An excellent opportunity to acquire a pair of three-bedroom semi-detached cottages requiring extensive modernisation.
Conveniently located on the south side of Chichester, the properties are close to the mainline railway station, bus station and Chichester High School.
They are also within easy reach of the Chichester canal basin and towpath, making this a particularly desirable and accessible location.
Untouched for many years, these two cottages offer tremendous potential for restoration and improvement.
With sympathetic renovation, they could be transformed into attractive and comfortable homes, ideally suited for family occupation or investment.
Each property is a mirror image of the other and comprises an entrance hall, a south-facing sitting room, a kitchen, a walk-in pantry and a ground-floor bathroom.
On the first floor there are three bedrooms. Each cottage enjoys gardens to the front, side and rear, with mature hedging providing privacy to the front.
To the rear of the properties, there is vehicular access offering the opportunity to create off-road parking.
The cottages are approached via the entrance drive to the adjoining school and both benefit from south-facing rear gardens that enjoy a pleasant aspect.
Agents Note: Pedestrian and vehicular access to the cottages is via the drive from Basin Road.
Although there is a no entry sign at the entrance, West Sussex County Council have confirmed that 1 and 2 Kingsham Farm Cottages do have a vehicular right of way.
The closing date for offers is 12:00 noon on Friday 5th December . Offers should be submitted using the prescribed tender form, available by email or in hard copy from the selling agents.
Chichester District Council - 25/26 Number 1 Tax Band D £2,337.06 (EPC-E), Number 2 Tax Band C £2,007.38 (EPC-G) Directions - Proceed south along Market Avenue (A286).
On entry to the one way system (Basin Road) keep in the left hand lane and proceed over the railway crossing.
Pass Kingsham Road and the police station on your left and then take the next turning on the left into ‘Kingsham Campus’ (See Note).
After approximately 100 yards on the right is a track leading down to the cottages. What3words - battle.fines.mount EPC Rating: E
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 Basin Road, Chichester, PO19
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