Studio flat · BN8 5RU
For saleListed 121 days
Opportunity summary
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About
A diverse residential, commercial and equestrian property with significant potential rental income offering excellent further development potential subject to all necessary planning consents.
3 Bedroom House with 1 Bedroom Annexe 2 Bedroom Flat Extensive commercial buildings offering some 9,000sq ft space set around surfaced yard areas Equestrian facilities including stabling, sand school and paddocks Potential rental income of circa £86,000 per annum Residential Merlins is an attractive three bedroom property with spacious living accommodation.
In addition is an attached one bedroom self-contained annexe providing further living accommodation. There are attractive mature gardens surrounding both the principal residence and annexe.
Separately, integrated within some of the garaging is a residential flat of around 2,168 sq ft which has previously been let on an AST producing an income of £1,250 per calendar month.
Commercial Buildings The vendors have previously run a vehicle maintenance business from Merlins. In total there are around 9,000 sq ft of buildings.
In addition to the commercial buildings are several other buildings and poly tunnels which have been used for storage.
Some buildings have previously been let out generating around £3,250 of income per calendar month.
Equestrian Facilities To the south of the house and located a good distance away from the commercial buildings are the equestrian facilities which currently comprise three loose boxes and a tack room along with a 20m x 40m sand school.
There are several paddocks which provide regular turnout for horses.
There is also an area of hard standing adjacent to the sand school which has been used for vehicle storage measuring around 560 square metres.
Development Potential The site is well screened and may have potential for intensification and expansion of current uses or change of use for residential redevelopment of whole or part in the longer term subject to all the necessary consents.
It should be noted that Merlins lies between two existing developments, one of which is in the process of being built.
Please do contact the selling agents for further information with regards to the planning history.
GENERAL INFORMATION Outgoings Merlins Council Tax Band ‘C’; Annexe Band ‘A’ Garage Flat Council Tax Band ‘B’ Local Authority Lewes District Council Energy Performance Merlins EPC: D, Flat EPC: B Town and Country Planning Merlins is not Listed.
Interested parties should undertake their own investigations into the prospects for any planning on the property.
Easements, Wayleaves & Rights of Way The property is offered for sale, subject to and with benefit of all rights of way, all easements, wayleaves whether specifically mentioned or not.
There are public rights of way across the Estate. Overage Development overage of 25% will be applied should the property become developable within 25 years of completion.
Plans, Acreages & Boundaries Plans provided are for identification and guidance purposes only. Purchasers must satisfy themselves on the location of all boundaries.
Areas and measurements are for guidance purposes only. Agent’s Note The paddocks at the southern end of the property are no longer fenced.
Some of the photography shows fencing before the owner had it removed. Tenure Freehold with vacant possession upon completion.
Viewing Strictly by appointment with the Vendor’s Sole Agent, Samuel & Son, Horam. Tel: . Situated on the Uckfield Road, the property is about 1.8 miles from the centre of Ringmer.
Conveniently situated close to the centre of the village which provides a good number of shops and services providing for day-to day needs.
Lewes is 3.4 miles to the south and has a good range of amenities with several independent shops and restaurants together with national supermarket chains.
The area is well served with schooling for all age groups. Main line train stations with direct services to London are available at Lewes and Uckfield, both within 6 miles.
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 Clayhill, Uckfield Road, East Sussex, BN8
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