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Spinney Lane, Itchenor, PO20

South East

£2,250,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
3087 sqft

Description

Nestled in the sought-after Spinney Lane, this substantial detached bungalow presents a promising investment opportunity within the picturesque village of Itchenor. Boasting generous living space and mature gardens, the home features south-facing principal rooms that enhance its appeal for both family life and entertaining. Currently configured to offer between three to four bedrooms and two bathrooms, there is significant scope for modernization or even redevelopment, pending necessary permissions. The single-storey layout includes a welcoming entrance porch leading into a spacious reception hall, a large sitting room with pleasant views of the garden, an adjoining formal dining area ideal for hosting gatherings, and a garden room that invites natural light. The kitchen/breakfast room is well-appointed yet has room for updates to reflect modern tastes. Each bedroom can easily adapt to suit various needs—whether as bedrooms, a study, or additional living areas. The principal suite enjoys an ensuite bathroom and dressing area, while the other two double bedrooms share a bath/shower room. Set on approximately 0.8 acres of land, the outdoor space is another significant highlight with its lush gardens providing privacy and sun exposure—a perfect backdrop for relaxation or passionate gardening pursuits. Additional features include a swimming pool and multiple outbuildings offering practical storage solutions. This property not only offers charm but also embodies potential for transformation in one of West Sussex's most desirable coastal locales. Itchenor is celebrated for its sailing community and scenic walks along Chichester Harbour—a designated National Landscape rich in wildlife and opportunities for outdoor activities—making this home suitable as either a primary residence or second home escape.

Investment Analysis

(PO20 area)

Above Market Value

This property is priced +82.8% above area average per sq ft

+82.8%
This Property
£729/sq ft
Area Average
£399/sq ft
Avg Rent (weekly)
£332
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,353,696
10% above area average per sq ft
Potential ROI
-42.1%
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

Spinney Lane, Itchenor, 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
£8,242
Based on a loan of £1,687,500 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