Modern Method of Auction
Auction date not yet published
3-bedroom house · BN8 5ET
For saleReduced £55k (−20.8%) on 24 SepListed 122 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Re available - This Grade II listed 3 bedroom Cottage in central Ringmer village which is in need of complete modernisation offers surprisingly spacious accommodation which is arranged on 3 floors.
Looking beyond the work it really is a stunning period cottage in the heart of Ringmer village and close to all amenities, including the village green.
A property full of character, with exposed timber beams and large inglenook fireplace.
There is extensive modernisation to be completed and the property shares a part flying freehold with its neighbours. There is a courtyard garden, as well as outside storage cupboards.
Chain free and well worth a visit. Ringmer Village is a sought-after place to live for many reasons.
It is just outside the County Town of Lewes and offers far more space for families to live and work without the cramped feel sometimes experienced in Town.
It is the perfect balance between work and home life.
The cricket club play on The Green most weekends in the summer months and the newly developed County League Football Club are now at their new home during the Winter.
There is a great bowls club, Library, Surgery and a vibrant parade of shops with a Bakers, Butchers, General Store, Cafe, Fish and Chip shop whom serve the local community.
Lewes has a wider range of shops, bars and cafes as well as Waitrose and Tesco and a small retail industrial estate.
There is a mainline railway station with regular services to London Victoria in about 1 hour away, with Brighton being about 20 minutes away.
For Sale by Modern Auction – T & c’s apply •Subject to undisclosed Reserve Price •Buyers fees apply Auctioneer Comments This property is offered through Modern Method of Auction.
Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 Inc. VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About Sylvester Cottage,, Lewes Road, Lewes
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