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Almodington Lane, Almodington, Chichester, PO20

South East

£675,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1625 sqft

Description

Nestled in a serene rural area of Earley, this spacious detached bungalow presents a distinctive opportunity for buyers seeking to invest in a property with significant renovation potential. Set on approximately 0.4 acres, the home offers 1,632 square feet of living space that can be tailored to meet modern standards and personal tastes. Upon entering, you are greeted by a sizable entrance hall that leads into a generous 23ft x 20ft living room, which flows seamlessly into a designated dining area. This arrangement not only enhances the overall sense of space but also provides picturesque views of the surrounding greenery—ideal for both relaxation and entertaining. The kitchen is separate, offering ample storage options and convenient access through to a utility room with external entry, perfect for managing outdoor activities. Comprising three well-proportioned double bedrooms, this layout caters to various lifestyles—whether for families needing extra space, downsizers looking for comfort, or those working from home. The main bedroom features an en suite shower room and built-in wardrobe, while a second bathroom serves the other two bedrooms. With some modernization needed, this bungalow stands as an excellent blank canvas for renovation enthusiasts eager to reconfigure or expand the current design (subject to obtaining necessary planning permissions). The expansive plot offers ample opportunity for development, including potential garden enhancements or extensions. The exterior showcases a substantial rear garden with plenty of room for outdoor activities or landscaping projects. Additionally, there is separate land available at the rear under different ownership that can be negotiated separately—further increasing the prospects of this unique property. A sizeable driveway accommodates multiple vehicles and includes access to a detached garage/barn that could serve as additional storage or converted for other uses. This property is being sold with no onward chain, facilitating a smooth transition for interested buyers. While currently housing a small tractor supplies and repair business—which will cease operations upon sale completion—the property promises peaceful enjoyment once acquired. This rare offering allows you to envision your dream home in a tranquil countryside setting while still being conveniently close to local amenities and transportation links. Whether you're looking to renovate for personal use or explore development opportunities, this bungalow provides noteworthy flexibility in an appealing location.

Investment Analysis

(PO20 area)

Above Market Value

This property is priced +4.2% above area average per sq ft

+4.2%
This Property
£415/sq ft
Area Average
£399/sq ft
Avg Rent (weekly)
£332
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£712,587
10% above area average per sq ft
Potential ROI
-5.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PO20)

Area prices are rising by +4.4% over the last 12 months
3 year growth: -2.4%
5 year growth: 7.1%
Investment Disclaimer: Analysis based on PO20 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Almodington Lane, Almodington, Chichester, PO20
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,473
Based on a loan of £506,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE