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Basin Road, Chichester, PO19 - Image 1
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Basin Road, Chichester, PO19

South East

£400,000
Listed on 19/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
807 sqft

Description

This is a noteworthy opportunity to purchase two semi-detached cottages, each featuring three bedrooms, that are in need of significant modernization. Situated on the south side of Chichester, these properties are conveniently located near public transportation, including the mainline railway and bus stations, as well as local amenities such as Chichester High School. The proximity to the scenic Chichester canal basin enhances the appeal of this location. Having remained untouched for several years, these cottages present considerable potential for refurbishment. With thoughtful renovations, they could be elevated into inviting homes tailored for family living or investment purposes. Both cottages mirror each other in layout and include an entrance hall, a south-facing sitting room, a kitchen with a walk-in pantry, and a ground-floor bathroom. The upper level houses three bedrooms in each unit. Each cottage boasts front, side, and rear gardens bordered by mature hedging for added privacy. There is also potential to create off-road parking at the rear of the properties via vehicular access from the adjoining school’s entrance drive. Both cottages enjoy south-facing gardens that provide a pleasing aspect. Please note that while there is a no entry sign at the entrance from Basin Road, West Sussex County Council has confirmed that both cottages have legal vehicular access rights.

Investment Analysis

(PO19 area)

Above Market Value

This property is priced +19.4% above area average per sq ft

+19.4%
This Property
£496/sq ft
Area Average
£415/sq ft
Avg Rent (weekly)
£367
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£368,662
10% above area average per sq ft
Potential ROI
-24.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (PO19)

Area prices are stable by +0.4% over the last 12 months
3 year growth: -5.5%
5 year growth: 12.4%
Investment Disclaimer: Analysis based on PO19 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

Basin Road, Chichester, PO19
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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
£1,465
Based on a loan of £300,000 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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