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Racton, Chichester, PO18

South East

£1,500,000
Listed on 31/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
2173 sqft

Description

This property presents a compelling opportunity for renovation and investment, set within a serene rural environment. The layout features three distinct detached buildings that frame a spacious courtyard garden. Two of these structures have been thoughtfully converted into residential units, while the third building, currently utilized for storage, holds significant potential for transformation into additional living space or a creative studio, pending necessary planning approvals. Spanning approximately 2.72 acres, the property includes both the courtyard and residential garden (0.23 acres) and an expansive paddock and equestrian land of 2.48 acres. The paddock is well-fenced and benefits from separate vehicular access from the B2147 road, enhancing its appeal for equestrian activities. It connects directly to the local bridleway network, facilitating seamless access to off-road riding throughout the Stansted Park estate and surrounding countryside. The primary residence showcases traditional construction in flint and brick with a slate roof, featuring generous living spaces enriched by character elements such as exposed beams and vaulted ceilings. The ground floor hosts a spacious kitchen/breakfast area with stunning views, a cloakroom, ample storage options including a boiler cupboard, and an expansive open-plan living and dining area centered around a log-burning stove with direct access to outdoor spaces. The principal bedroom suite is designed with comfort in mind; it includes an open-plan layout featuring a central bath area with twin basins and walk-in shower facilities, complemented by direct courtyard access through double doors. The second building functions effectively as guest quarters or additional family accommodation with its wet room and two large vaulted bedrooms. Each bedroom benefits from walk-in wardrobes and abundant natural light. The third structure—currently serving as a workshop—presents exciting possibilities for conversion into further accommodation or studio space due to its high ceilings and exposed trusses. Accessed through remote-controlled timber gates leading to a gravel drive, the property’s courtyard garden is beautifully enclosed by brick and flint walls adorned with mature plantings, raised beds, evergreens, and an ornamental water feature that enhances its tranquil ambiance. An additional paved terrace provides stunning views of the surrounding hills. A rear gate opens to the paddock area which offers prime grazing land connected to bridleways for riding enthusiasts. Services are established including mains water and electricity alongside an oil-fired boiler for heating needs. This freehold property falls under Chichester District Council's jurisdiction, reflecting its solid investment potential in an appealing rural setting.

Investment Analysis

(PO18 area)

Above Market Value

This property is priced +52.0% above area average per sq ft

+52.0%
This Property
£690/sq ft
Area Average
£454/sq ft
Avg Rent (weekly)
£345
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £120,000
Target Value
£1,085,674
10% above area average per sq ft
Potential ROI
-33.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PO18)

Area prices are falling by +13.3% over the last 12 months
3 year growth: -2.5%
5 year growth: 6.6%
Investment Disclaimer: Analysis based on PO18 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

Racton, Chichester, PO18
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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
£5,495
Based on a loan of £1,125,000 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