1-bedroom flat · BN7 2LG
For saleReduced £10k (−3.3%) on 25 MayListed 251 days
Opportunity summary
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About
Charles Wycherley, Independent Estate Agents, are delighted to offer this first-floor apartment, occupying a prime position in the very heart of Lewes town centre.
The apartment enjoys charming views over the Gothic Fitzroy House, with the South Downs and Lewes Golf Club beyond.
Access is via a communal entrance hall and staircase leading to a landing serving just four flats from its own private concourse.
The property has an attractive L-shaped hallway with 2 storage cupboards and oak flooring. There is a quiet double bedroom with modern double shower room with modern facilities.
The star of the show is a superb 16` x 15` double aspect sitting room/kitchen with great views and a fully fitted kitchen and appliances. There is electric heating and secondary glazing.
Originally a period bank building, the property is a high-quality conversion offering character, location and convenience.
The apartment is located within sight of the Eastgate Shopping Centre and just yards from Waitrose and Boots, with immediate access to shops, cafés, restaurants and the historic amenities and period buildings that Lewes has to offer.
Riverside walks and South Downs countryside are also close by.
The apartment enjoys a central yet surprisingly peaceful position, with immediate access to Lewes town centre amenities including individual shops, cafés, inns and restaurants, along with nearby superstores.
Scenic walks along the river and into the South Downs are within easy reach, making this an ideal town-centre home or investment.
Lewes Railway Station is only a few hundred yards away, providing regular services to London Victoria and London Bridge in approximately 70 minutes and to Brighton every 20 minutes, and is adjacent to the Lewes Depot Cinema.
ACCOMMODATION WITH APPROXIMATE MEASUREMENTS COMPRISES:- THE APARTMENT ENTRANCE HALL The entrance door opens into an L-shaped entrance hall with oak flooring, entry phone system, cloaks hanging space and recessed spotlights.
There is a fuse box, a storage cupboard and a double airing cupboard housing a modern pressurised hot water cylinder with immersion heater and pump.
LIVING ROOM / KITCHEN (16`7` X 15`6`) The living room and kitchen is a particularly attractive space, enjoying a double aspect over the town centre.
The room features oak flooring, recessed spotlights and secondary glazing to reveal sash windows, including views east over Fitzroy House towards the South Downs and Lewes Golf Club, and a further window to the south-east overlooking Friars Walk.
The kitchen area is fully fitted with white units incorporating double cupboards, drawers and pan drawers beneath worktops to either side.
There is a stainless steel sink unit with single drainer and mixer taps, fitted dishwasher, four-ring ceramic induction hob with stainless steel electric oven beneath and extractor fan over, together with a range of wall cupboards.
Integrated appliances include a fitted fridge and freezer. The living area includes an electric heater.
BEDROOM (11`6` X 10`7`) The bedroom is quietly positioned to the rear and features a new UPVC double-glazed window with a western aspect.
Additional features include an electric heater, television point and stainless steel power and switch fittings.
SHOWER ROOM (7`0` X 6`7`) The modern shower room is fitted with a large walk-in shower with glazed sliding door and independent shower unit.
There is a low-level WC, tiled walls and vinyl flooring, extractor fan, shaver point and a double bathroom cabinet as well as a pedestal wash basin with mixer taps.
COMMUNAL AREAS COMMUNAL ENTRANCE HALL A well-maintained communal entrance hall with split staircase rising to the concourse and access to only four apartments.
LEASE DETAILS Length of lease: 125 years from 1/1/17 (116 years remaining) Service charge: £1920.00 pa Ground rent: £350.00 pa what3words /// kidney.claps.revision Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
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FAQ
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