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See how verdicts work4-bedroom detached house · PO20 7DJ
Under offerListed 137 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tucked away on the highly desirable and private Spinney Lane in the heart of the charming coastal village of Itchenor, this handsome and substantial detached bungalow offers a rare opportunity to acquire a beautifully positioned home in one of Chichester Harbour’s most exclusive settings.
With its generous proportions, mature gardens and south-facing principal rooms, the property presents flexible accommodation ideal for both family living and entertaining, whilst also offering considerable potential for modernisation or redevelopment, subject to the necessary consents.
The property is arranged over one floor and is currently configured to provide 3 to 4 bedrooms, two bathrooms and a principal suite, offering scope to suit a variety of living arrangements.
A welcoming entrance porch opens into a spacious central reception hall, leading through to a large sitting room that enjoys a delightful southerly outlook over the rear garden.
Adjoining this is a formal dining room, perfect for entertaining, and a bright garden room that floods the space with natural light and provides a tranquil retreat overlooking the grounds.
The well-proportioned kitchen/breakfast room is fitted with a comprehensive range of units and has space for informal dining.
The bedroom accommodation is equally flexible, with the potential to use one of the rooms as a study or additional living space if desired.
The principal bedroom benefits from a large dressing room with fitted wardrobes, and leading through to a private ensuite bath and shower room, whilst the additional 2 double bedrooms are served by a further bath/shower room.
Throughout, the property is presented in good order, but would benefit from some updating, providing the opportunity to tailor the interiors to suit individual tastes and requirements.
Outside This charming home sits within a generous plot of approximately 0.8 of an acre, with mature, well maintained gardens that form a key highlight of the property.
The lawned garden to the rear stretches out from the house and enjoys a wonderfully private and sunny aspect.
A swimming pool provides an ideal setting for summer relaxation, while a number of useful outbuildings including a small workshop and several garden sheds offer additional storage and practical space for gardening or hobbies.
This is a rare opportunity to secure a significant plot in one of West Sussex’s most sought-after coastal locations.
Situation Waters Reach is situated on Spinney Lane being widely regarded as one of the most exclusive addresses in Itchenor, a village known for its sailing heritage with its popular sailing club and launch facilities at all states of the tide.
The village has a beautiful church, village hall and popular public house and provides stunning walks beside the harbour.
Chichester Harbour, now designated a National Landscape (formerly AONB), is a haven for wildlife and offers unrivalled opportunities for sailing, birdwatching and outdoor pursuits, making the property ideally suited as either a primary residence or a second home for those seeking a peaceful escape in a stunning natural setting.
The nearby Cathedral City of Chichester lies some 7½ miles to the north and offers a broad range of shopping, cultural and leisure facilities including the renowned Festival Theatre, galleries, museums and restaurants.
Aside from sailing, leisure facilities within the area include golf at Goodwood and Hunston, bathing from the beaches of West Wittering and East Head, the last of which is owned and managed by the National Trust and is a popular yacht anchorage.
Horse racing events are held at Fontwell and Goodwood where the annual Festival of Speed, Revival and motor meetings are also hosted.
The mainline station in Chichester provides a regular service to London Victoria in about 1 hour 40 minutes, and Havant station to the west provides a faster service to London Waterloo in about 1 hour 20 minutes.
Property Ref Number: HAM-57641 Additional Information Spinney Lane Association £400 per annum
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Spinney Lane, Itchenor, PO20
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