5 Bed Detached House, Refurb/BRRR, Chichester, PO20 7NR, £1,000,000

KEYCROFT Highleigh Road, Chichester, West Sussex, PO20 7NR - 10 views - 10 months ago

Sold STC
Refurb/BRRR
~322 m²
+14 photos

ValuationFair Value

Sold Prices£400K - £6.0M
Sold Prices/m²£2.8K/m² - £14.4K/m²

 

 

Square Metres

~322.20 m²
Price/m²£3.1K/m²

Value Estimate

£1,000,000

 

 

End Value (After Refurb)

£1,347,648

Uplift in Value

+35%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£250,000

Stamp Duty & Legal Fees

£72,450

Refurb Costs

£148,281

Bridging Loan Interest

£26,250

Total Cash In

£498,731

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£1,347,648

Agent Fees (1%)

£13,476

Bridging Loan

£750,000

Bridging Loan Interest

£26,250

Flip Profit

£85,440

Local Sold Prices

19 sold prices from £400K to £6.0M, average is £710K. £2.8K/m² to £14.4K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£693K02/210.71 miKimmeridge, Church Farm Lane, Sidlesham, Chichester, West Sussex PO20 7RE5
£812.5K05/211.64 miFerryside, Chichester Road, Selsey, Chichester, West Sussex PO20 9ED5
£715K06/212.21 miPine Trees, Bracklesham Lane, Bracklesham Bay, Chichester, West Sussex PO20 8JF5
£1.3M06/212.47 miWesterlies, Shipton Green, Itchenor, Chichester, West Sussex PO20 7BZ5
£880K01/212.66 miHolmstead, Bracklesham Lane, Bracklesham Bay, Chichester, West Sussex PO20 8HP5
£640K05/212.7 mi29, Sea Lane, Pagham, Bognor Regis, West Sussex PO21 4UN5
£515K03/212.72 mi1, Hunnisett Close, Selsey, Chichester, West Sussex PO20 0FH5
£525K01/212.72 mi6, Hunnisett Close, Selsey, Chichester, West Sussex PO20 0FH5
£675K03/212.72 mi111, West Front Road, Bognor Regis, West Sussex PO21 4TB5
£420K01/212.8 mi35, Robinson Close, Selsey, Chichester, West Sussex PO20 0FD5
£1.6M02/212.82 miSt Catherines, West Bracklesham Drive, Bracklesham Bay, Chichester, West Sussex PO20 8PH5
£1.7M11/202.82 miStarfish, West Bracklesham Drive, Bracklesham Bay, Chichester, West Sussex PO20 8PH5
£710K09/212.83 miAshbury, Kimbridge Road, East Wittering, Chichester, West Sussex PO20 8PE5
£2.5M06/232.85 miMoonbeam, Bosham Hoe, Bosham, Chichester, West Sussex PO18 8ET5
£585K01/232.86 mi116, Harbour View Road, Bognor Regis, West Sussex PO21 4RJ5
£400K06/212.97 mi98, Manor Road, Selsey, Chichester, West Sussex PO20 0SH5
£6.0M08/232.98 miHook Farm, Hook Lane, Bosham, Chichester, West Sussex PO18 8EY5
£435K02/212.98 mi34, Chaucer Drive, West Wittering, Chichester, West Sussex PO20 8BZ5
£962.5K12/222.98 mi32, East Front Road, Bognor Regis, West Sussex PO21 4SU5

Local Rents

33 rents from £800/mo to £4.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£90001/250.72 mi-2
£80002/250.72 mi-2
£1,00002/250.72 mi-3
£90002/250.72 mi-2
£90002/250.72 mi-2
£90003/250.72 mi-2
£80012/240.75 mi-2
£2,75012/240.85 mi-4
£1,35006/240.99 miHillands Farm Annex, Batchmere Road, Chichester, West Sussex2
£2,25007/241.09 miBatchmere4
£99007/241.21 miSelsey Road, Sidlesham, Chichester, PO201
£99007/241.21 miSesley Road, Sidlesham, Chichester, PO201
£1,00003/251.39 mi-1
£1,20007/241.5 miChurch Lane, Birdham, Chichester, PO201
£1,40012/241.59 mi-3
£1,40006/241.59 miWalwyn Close, Chichester, PO203
£2,95007/241.6 miCherry Lane Birdham PO204
£2,25006/241.72 miPrices Cottages, Selsey Road, Donnington, PO203
£1,65004/251.76 mi-2
£1,27506/241.85 miKewells Corner, Birdham2
£1,75006/241.88 miThe Salterns, Chichester Marina, Chichester, PO202
£4,50007/242.12 miWestlands Lane, Birdham, PO204
£3,95006/242.27 miSelsey Road Donnington PO205
£1,20006/242.34 miWillow Way, Bracklesham Bay, Chichester2
£1,50007/242.36 miCharlie Drive, Bracklesham Bay, Chichester, PO202
£1,39512/242.38 miAxford Close, Bracklesham Bay, Chichester, PO202
£1,30012/242.45 mi-2
£1,30007/242.45 miHayward Place, Bracklesham Bay, Chichester, PO202
£1,10002/252.47 mi-1
£1,15007/242.47 miTide Way, Bracklesham Bay, Chichester2
£2,20007/242.47 miEast Bracklesham Drive, Bracklesham Bay3
£1,15006/242.48 miTide Way, Bracklesham Bay2
£1,45007/242.48 miTide Way Bracklesham Bay PO203

Local Area Statistics

Population in PO20

32,437

Population in Chichester

75,877

Town centre distance

4.15 miles away

Nearest school

0.40 miles away

Nearest train station

3.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £1,000,000

June 6, 2024

Sold for £265,000

1996

Floor Plans

Description

A beautiful Grade II listed Georgian home situated within a desirable location, equidistant to both Chichester and Pagham Harbour, now requiring a programme of renovation throughout.

Keycroft is a fine example of Georgian architecture in red brick over three storeys with its classic symmetrical form and fenestration including its panelled front door. Today, the property is in need of a full programme of modernisation throughout.

The ground floor consists of an attractive entrance hall with oak flooring providing access to the drawing room and library to either side. The hall leads onto a garden room with conservatory beyond and a cloakroom. During the 1930s, we believe, a rear addition was constructed to form an inner hallway which links the kitchen to the main body of the house, enjoying an outlook across the rear garden. Stairs lead from the entrance hall to the first floor comprising three bedrooms, two bathrooms and a separate cloakroom. Stairs from the first floor landing with its large sash window flooding it with natural light, lead to the second floor which features two bedrooms, one with its own adjoining study room. and a large attic/loft room.

Keycroft is accessed via wrought iron gates into a tarmac driveway which has parking for a number of vehicles. There is the addition of a detached granary with dovecote atop its roof, which could represent a workshop or outside office. To the rear of the granary is a single garage. The property sits centrally within its plot of just under a third of an acre with a combination of yew hedging and mature trees and shrubs creating privacy around the boundaries. The garden is well maintained which is mainly laid to lawn with the addition of some beautiful specimen trees.

The property is situated in the heart of the hamlet of Highleigh which is situated towards the centre of the Manhood peninsula, about five miles south of Chichester city centre and a short distance from both Chichester Marina and Birdham Pool. Much of the surrounding area is populated by rare wildlife and designated an Area of Outstanding Natural Beauty. East Wittering is about 3 miles distant and has an excellent variety of shops and restaurants including a health centre, dentist and library.

The historic cathedral city of Chichester offers comprehensive shopping facilities and a choice of social and recreational activities, all of which are easily accessible through the mainly level pedestrian areas of the beautifully preserved city. Cultural activities include the Pallant House Gallery and Festival Theatre. The mainline station in Chichester provides a regular service to London Victoria in about 1 hour 40 minutes (via Gatwick Airport), and Havant station to the west provides a faster service to London Waterloo in about 1 hour 20 minutes. Events and sporting activities in the area include the Goodwood Festival of Speed and Revival events for motoring enthusiasts, horseracing at Goodwood and Fontwell racecourses, polo at Cowdray Park, golf at nearby Goodwood, and bathing off the beaches at the Witterings. Chichester Harbour has a multitude of moorings (subject to availability) and there are nearby berthing and lifting facilities in both Birdham Pool and Chichester Marina.
Events and sporting activities in the area include the Goodwood Festival of Speed and Revival events for motoring enthusiasts, horseracing at Goodwood and Fontwell racecourses, polo at Cowdray Park, golf at nearby Goodwood, and bathing off the beaches at the Witterings. Chichester Harbour has a multitude of moorings (subject to availability) and there are nearby berthing and lifting facilities in both Birdham Pool and Chichester Marina. Other local attractions include: the Weald and Downland Open Air Museum, West Dean Gardens, Fishbourne Roman Palace, Tangmere Military Aviation Museum, Goodwood House, Stansted Park and Petworth House.

Agent Details

Tod Anstee, Chichester

01243 523723

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