This property presents a distinctive opportunity for investment, boasting water frontage along Fishery Creek, a charming inlet connected to Chichester Harbour. Nestled on a sizable plot of just under ¼ acre, the five-bedroom character home is conveniently located within walking distance to the beach and essential amenities like bus stops and the local sailing club. While the home's layout is expansive, offering approximately 166 sqm (1,786 sqft) of living space, it requires further attention for full restoration following recent updates. It’s important to note that the current state of the property may limit mortgage financing options, and viewings are exclusively available for cash buyers. The presence of an existing boathouse enhances its appeal as a potential retreat or family home with significant upside. Key features include a wide porch entry leading into spacious dining and lounge areas with original fireplaces, an annexe room for additional use, and multiple bedrooms providing versatile living arrangements. The outdoor space features parking for several vehicles and potential for enhancements such as a new garage or garden features, all subject to necessary planning permissions.