3-bedroom terraced house · BN8 5PT
For saleReduced £25k (−5.6%) on 17 OctListed 185 days
Opportunity summary
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About
An end of terrace 3 bedroom, period property right on the edge of and overlooking to the side, the village green.
This delightful cottage which is full of character, offers the opportunity to modernise and develop into a delightful family home as there is work needed to bring the property back to a great family home.
Located at the end of a terrace, the property has a wraparound garden, with a practical garden patio to the rear, which has a former outside WC and storage shed with brick paved patio.
The sitting room is a double aspect and is located at the front and has a bay window overlooking the front garden.
The kitchen/dining room is a basic room with brick lined floor and feature fireplace with an old range. This room also has a double aspect and door to the rear garden.
The master bedroom on first floor has a wonderful bedroom which overlooks Ringmer. There are two built in wardrobes. Bedroom 2 is at the back of the property as is the modern bathroom.
The top floor in the attic provides a third bedroom which also feature en suite modern shower room. 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.
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 5, Springett Cottages, Lewes
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