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Stocks Lane, East Wittering, West Sussex, PO20 - Image 1
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Stocks Lane, East Wittering, West Sussex, PO20 - Image 3
Stocks Lane, East Wittering, West Sussex, PO20 - Image 4
Stocks Lane, East Wittering, West Sussex, PO20 - Image 5

Stocks Lane, East Wittering, West Sussex, PO20

South East

£250,000
Listed on 05/02/2025

Property Details

Bedrooms
4
Type
Detached house
Area
721 sqft

Description

This freehold plot presents a valuable opportunity for those looking to invest in residential development. With approved planning permission for a detached four-bedroom house covering a spacious 124 sqm, the property offers potential for modern family living tailored to your specifications. Conveniently situated within walking distance of East Wittering village, the location provides easy access to essential amenities, including local shops, schools, and healthcare facilities. Additionally, the picturesque Blue Flag beach at West Wittering is just a short drive away, enhancing both lifestyle appeal and potential rental attractiveness to future tenants or buyers. The plot benefits from preliminary utility access with water, gas, electricity, and mains drainage available on-site. However, these services are not yet connected, allowing for customization during the construction process. The surrounding area boasts several attractions that add value to this investment opportunity. The vibrant city of Chichester is only eight miles away, offering a diverse range of shopping and dining options alongside cultural landmarks such as the stunning 12th-century cathedral. For those interested in leisure activities, nearby sites like Fontwell Race Course and Goodwood provide year-round events that draw visitors from afar. Whether you envision this as your personal dream home or as an investment project in a desirable coastal village, this plot stands out with its combination of convenience and potential. Site visits are available by appointment only to discuss further details and explore the possibilities this property presents.

Investment Analysis

(PO20 area)

Below Market Value

This property is priced -15.1% below area average per sq ft

-15.1%
Potential saving
This Property
£347/sq ft
Area Average
£409/sq ft
Avg Rent (weekly)
£356
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£25,000 - £62,500
10-25% of property value
Target Value
£324,021
10% above area average per sq ft
Potential ROI
+3.7%
After renovation
Monthly Sales
35
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (PO20)

Area prices are stable by +0.7% over the last 12 months
3 year growth: -3.2%
5 year growth: 7.6%
Investment Disclaimer: Analysis based on PO20 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Stocks Lane, East Wittering, West Sussex, PO20
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