3-bedroom property · BN7 2JZ
For saleReduced £25k (−2.3%) on 12 SepListed 566 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
38 St Nicholas Lane began life as a Victorian warehouse for the famous Baxters printers, only being converted to living accommodation 17 years ago.
In spite of an unassuming frontage, is a stylish brick-built residence that offers more than 1,700 sq. Ft. Of versatile and beautifully presented accommodation arranged over three airy floors.
It benefits from light-filled open-plan living, along with a south-westerly facing courtyard, Juliet balcony and roof garden.
The entrance hall with cloakroom and stairway to the first floor, flows into the stylish open-plan 37 ft.
Kitchen, dining and sitting room, with two sets of French doors opening to the sunny, enclosed courtyard.
There is ample space for dining, entertaining and relaxing with a peaceful outlook, whilst the kitchen comprises a good range of modern wall and base cabinetry and storage units, along with various integrated appliances.
The roomy first floor is home to two 19 ft.
Rooms, a front bedroom currently used as an office which could be easily converted to two double bedrooms, an attractive principal bedroom with a Juliet balcony and a wall of bespoke fitted sliding wardrobes and a contemporary family bathroom.
Rising to the second floor, a stunning 19 ft.
Bright bedroom has a sleek shower room, plenty of storage in the eaves and French doors opening directly onto the generous feature roof garden with far-reaching and breath-taking views.
The property benefits from an enviable central location with 2 nearby parking spaces.
Approached via a quiet residential road, the property also enjoys a ground floor decked and part bricked-paved courtyard and a good-sized decked sun terrace to the second-floor level.
These enclosed outdoor spaces enjoy a westerly aspect and as such are ideal sun traps to dine al fresco and entertain guests, with ample space for a range of planting if desired.
Access is also available to a large roof terrace in The Printworks development on the other side of the road. The recycling centre, where the bins are situated, can also be found here.
This vibrant and historic county town forms part of the scenic South Downs National Park and provides a range of supermarkets including a Waitrose, individual shops, restaurants and recreational facilities, with fast mainline rail links to London Victoria.
The A27 links to the A23/ M23 and Gatwick Airport. The nearby coastal, business and entertainment city of Brighton & Hove offers an even more extensive range of amenities.
Several notable schools are nearby, including Brighton College.
Agents note: Whilst the property is currently arranged as three bedrooms, it could easily be four by partitioning the current office, as it has two windows and two doors.
The property was initially purchased off-plan and the current owners decided to have one large office.
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
About 38, St. Nicholas Lane, East Sussex
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