3-bedroom house · PO20 2BN
Sold STCListed 475 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire the site of a detached residential dwelling and a former nursery, set within approx. 1.7 acres on the outskirts of this historic cathedral city.
About the property Located in semi-rural surroundings just outside the city of Chichester, Sherwood House and former Nursery offers an exceptional opportunity to acquire a versatile site for various uses, subject to the necessary planning consents.
The property spans approximately 1.7 acres and consists of two components: a detached residential dwelling with an expansive west-facing garden and a former nursery situated behind.
Of note, in 2011 the agricultural tie on the property was removed. In recent years, Sherwood House has been leased but is now offered with vacant possession.
The accommodation is arranged on a single level, featuring a spacious double reception room with an adjoining dining area, a smart kitchen/breakfast room, three bedrooms (including one en suite), a bathroom, a utility room, and a generously sized entrance hall.
A highlight of the property is the large south-facing garden, primarily laid to lawn with various shrubs and plants within the borders.
Access to the entire property is via a tarmac driveway off the west side of Drayton Lane, providing ample off-street parking.
Currently, the glasshouse on-site, which is in a state of significant disrepair, is set within secluded grounds, bordered by woodland on both the western and southern boundaries.
This site presents a superb opportunity for various uses, or it could be incorporated into the main dwelling to create a residence with extensive grounds.
Location Located just under two miles from the centre of Chichester the property is positioned with rural surroundings in the hamlet of Drayton.
The attractive village of Oving, just along the road, has a beautiful church, village hall and popular public house.
Chichester 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 either Goodwood or Hunston, bathing from the beaches off West Wittering and the National Trust owned East Head, horse riding and walking around the harbour and on The Downs.
Horseracing may be enjoyed at Goodwood where the annual Festival of Speed, and Revival 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.
Agents Note: All viewings STRICTLY by appointment with the vendors sales agent. Please DO NOT enter the glasshouses under any circumstances. Please contact the sales agent for further information.
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 Drayton Lane, Drayton, Chichester, West Sussex, PO20
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