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Spinney Lane, Itchenor PO20

South East

£2,250,000
Listed on 11/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
3087 sqft

Description

Nestled in the sought-after village of Itchenor on the tranquil Spinney Lane, this substantial detached bungalow presents a prime opportunity for renovation or redevelopment. Set on a generous plot of approximately 0.8 acres, the property features mature gardens that enhance its appeal, while its south-facing principal rooms are designed to capture abundant natural light. Currently configured to accommodate 3 to 4 bedrooms and two bathrooms, the layout offers flexibility for prospective owners looking to customize their living space. The entrance porch opens into a spacious reception hall leading to a large sitting room with views over the private rear garden, complemented by a formal dining area and a bright garden room perfect for relaxed gatherings. While the kitchen/breakfast room is well-equipped with built-in units, it provides ample scope for modern updates to align with contemporary tastes. The principal bedroom suite includes a dressing room and an ensuite bathroom, while two additional double bedrooms share another bath/shower room. Although the property is presented in good condition overall, some modernisation would bring it up to date and fully realize its potential as either a family home or investment opportunity. Outside, the expansive lawned garden features a swimming pool ideal for summer leisure activities and various outbuildings including workshop space and storage sheds, enhancing practicality for gardening enthusiasts or hobbyists. This unique property not only offers immediate comfort but also significant potential for enhancements or expansions under suitable permissions, making it an attractive prospect in one of West Sussex's most desirable coastal locations.

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 - £100,000
Target Value
£1,353,696
10% above area average per sq ft
Potential ROI
-42.4%
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