2-bedroom flat · BN8 5EW
Listing removedListed 265 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A prominent ground floor 2 bedroom retirement apartment which is in one of the best locations within this exclusive development in Ringmer.
The property is right on the corner which means it gets a double aspect in particular to the sitting room and this means that you get fabulous views toward the duck pond and the landscaped park like gardens which surround the development.
The apartment itself has a modern fitted kitchen/diner with plenty of space for appliances, which include a built in oven and hob above.
The sitting room features patio doors which lead onto a small patio area and beyond into the gardens.
There are 2 bedrooms and there is now a walk in shower and recently installed electric storage heaters.
Within the main building, there are communal sitting room for all residents and during the summer there is a delightful patio just outside.
There is also access to a laundry room within the main building for residents. The delves community have a number of social events throughout the year and provide ongoing services for the residents.
There is car parking within the grounds for residents and guests. 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
Agent & docs
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FAQ
About Flat 44, Delves House East,, Delves Close, Lewes
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