2-bed house + 3-bed house · BN7 1UR
For saleListed 255 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Old Racecourse, Lewes The Totaliser Building, comprising of 3 properties and approximately 6000 sqft of exhibition space.
Forming part of the Lewes Old Racecourse in a stunning elevated position with views of the South Downs. For sale as a whole or individual lots with further land also available.
Description The Estate is set within the tranquil elevated grounds of the former Lewes Racecourse, an iconic location with roots dating back to the 1700s.
The final race was held in 1964 but the area remains steeped in history and character.
Today this elevated setting offers sweeping countryside views within a wonderfully peaceful environment while remaining in easy reach of all the conveniences of town life.
The location is ideal for outdoor enthusiasts with direct access to a network of scenic footpaths, bridleways and cycle routes leading onto the heart of the South Downs National Park.
Whether you are a avid walker, cyclist or nature lover the surrounding landscape offers endless opportunities to explore. Lot 1 (coloured yellow) The Totaliser Building and Cottages.
The Totaliser Building spans approximately 6,000 sq ft, once used for taking bets, is an open plan brick built, steel and timber structure.
Current plans and permissions include an exhibition space alongside a cafe with ample indoor and outdoor seating. Adjoining the building are three cottages with parking which are currently let.
On the southerly wing: • Manhattan Cottage 1 which is a two bedroom house, currently let • Manhattan Cottage 2 which is a three bedroom house, currently let On the northerly wing: • Grooms Cottage which is a larger three bedroom property, also currently let There is believed to be potential to develop further.
Additional land Additionally there is a further 37 acres of racecourse land available by separate negotiation.
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.
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About The Totaliser Building, The Old Racecourse, East Sussex
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