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See how verdicts work2-bedroom terraced house · TN31 7EW
Opportunity summary
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About
This lovely period building, with its prominent frontage and superb trading location comprises a retail shop, office area, store and toilet on the ground floor, formerly an established shoe shop, and a two bedroom self-contained apartment to the first and second floors, which has previously been a successful holiday let.
There is also a useful basement for additional storage and a rear courtyard which can be accessed separately from the shop or via a rear gate.
Although the existing shop is long established, the space available on the ground floor offers enormous potential for a variety of uses, subject of course to the necessary licenses and permissions, and the accommodation above could not only generate an income as a holiday let but could alternately provide permanent residential accommodation for long term tenants or anyone wanting to live above the business.
The property’s location means that it is brilliantly situated to take full advantage of the town’s amenities and considerable passing trade, both local and tourist.
Please note there is NO CHAIN and this property comes with full vacant possession Shop front and retail space 3.4m x 3.89m The entrance door opens into the main retail space which is bursting with period appeal and has a large square bay window to the front.
An electric shutter can be brought down when the shop is closed to divide this space, securing the shop on one side and providing a passage way on the other to the entrance to the apartment above.
Office / shop area 3.18m x 3.35m An open archway leads through to the rear shop area / office from where the store / stock room and cellar can be accessed.
French doors at the back open onto the small outside courtyard area beyond.
Store / stock room 1.5m x 3.48m A useful storage space which is handily positioned to the rear of the office area. The boiler is housed in this room. Plumbing for washing machine.
Sliding door to cloakroom. Cloakroom 0.86m x 1.68m Comprises a wash basin and WC.
Cellar 2.08m x 3.61m A door from the office opens onto stairs that lead down to the cellar, currently used as additional storage space.
Apartment A door from the retail area at the front of the property gives access to the self-contained apartment on the first and second floors above.
A small lobby area at the top of the stairs provides space for cloaks. Door to kitchen. Kitchen 1.8m x 2.21m Fitted wall and base units with laminate worktops.
Sink with drainer and mixer tap. Space for freestanding cooker and under counter fridge. Doors to sitting room and bathroom and stairs to second floor.
Bathroom 1.42m x 1.6m Comprises a panelled bath with shower over, wash basin, WC and heated towel rail.
Sitting room / dining room 3.4m x 3.76m This spacious room, with its beautiful feature fireplace and window to the front giving lovely views over The Mint below, is a wonderful place to sit, relax, eat and watch the world go by.
Second floor landing Stairs from the first floor lead to a landing on the second floor which gives access to the two bedrooms. Loft hatch and built-in cupboard.
Bedroom 1 3.35m x 3.73m A good size double bedroom with pretty feature fireplace and window to the front giving lovely views over the rooftops of Rye and the countryside beyond.
Built-in wardrobe. Cupboard housing hot water cylinder.
Bedroom 2 2.13m x 3.28m A single bedroom with built-in wardrobe and window to the rear giving a different perspective of Rye's historic centre.
Outside To the rear of the ground floor there is a small courtyard area which has a gate leading to a pathway at the back, over which we understand this property has a right of way.
Services Mains: water, electricity, gas and drainage. EPC: Exempt. Local Authority: Rother District Council. Location what3words: ///snow.beads.petal
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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FAQ
About The Mint, Rye, TN31
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