For England to become a landpower it realy needs an important part of mainland Europe, a part large and important enough it must be willing to defend, but not so large and important it would dominate England. All of France would totaly dominate England within a couple of generations (just like England quickly dominated Scotland when a Scotish king became king of England). I believe Normandy alone is still too small, but the Angevin kingdom might already be too large. Someone mentioned the Netherlands, that might work. Maybe if Elizabeth accepts the Dutch offer to become their queen and England focusses on quicking the Spanish out of the Netherlands. That would make England, combined with the Netherlands, a landfocused country. If it later comes into conflict with France, it might keep that focus, while focussing less on colonies (about as much as France OTL maybe).
The Dutch would want a high degree of autonomy at least. And frankly, given the commercial bent and the importance of trade to Amsterdam, that'll probably lead to the opposite scenario- a larger English navy earlier. Holland will want trade with America, India and the China, London will want trade in these areas as well, we get internal competition between Amsterdam, London and possibly Bruges, Antwerp, Bristol, Liverpool, Glasgow and Edinburgh too after a while and depending on butterflies, and this leads to the need for a strong navy to protect and expand trading influences, as OTL. Yes they'll have a land force in Europe, but for the Dutch as well as for Britain, trade=wealth and navy=trade.
What you probably want is for Eleanor of Aquitane not to divorce the King of France, so Henry II marries a dependent of the Duke of Britanny and eventually inherits that Duchy. Then, we have Normandy, Brittany, Anjou and Maine, which is still quite substantial, but probably managable. Of course, I'm really not sure that they can do any better against France with the wealth of Aquitane on the other side, indeed I wouldn't be surprised to see England forced out of France earlier (after all, Bourdeaux was English long after Caen fell).