2-bedroom flat · BN7 2YL
Sold STCListed 209 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern Two-Bedroom Third Floor Apartment In Central Lewes £301,750 represents 85% of the full market value, £355,000.
A well-proportioned two-bedroom apartment on the third floor of the recently built, award-winning Atelier development in central Lewes.
The apartment offers a bright, open-plan living space with large windows and direct access to a private, south-facing balcony overlooking the town, including distant views towards Lewes Castle.
The kitchen area is fitted with sleek modern worktops and fittings with integrated appliances including an oven, hob, fridge/freezer, dishwasher, and washer/dryer.
There are two comfortable double bedrooms offering vaulted ceiling windows and ample built-in storage space.
A separate bathroom, hallway storage cupboard, and clean, neutral finishes throughout complete the internal layout.
The building includes a passenger lift, secure bike storage, and landscaped communal areas. The apartment is offered with the remainder of a 10-year New Homes warranty.
Shared Ownership Shared ownership enables you to buy an initial share (between 25 - 75%) in a home with a lower deposit and at a price that you can afford.
You pay rent on the remaining part you don't buy and can buy additional shares in your home until you own 100%.
Shared ownership enables you to buy the home you want at a price you can afford and at a repayment that is affordable for you. Price percentage examples: 60%(minimum) - £213,000. 75% - £266,250.
85% - £301,750. Full Market Value - £355,000.
Location Lewes, the historic county town of East Sussex, sits within the South Downs National Park and offers direct rail links to London (just over an hour) and Brighton (under 20 minutes).
The town blends character and convenience, with Waitrose, Tesco, and a range of independent shops along its charming medieval and Georgian high street.
Amenities include the award-winning Depot Cinema, a vibrant café and dining scene, traditional pubs, and a popular farmers market held twice a month.
Just four miles away is the world-famous Glyndebourne Opera House.
Lewes also offers excellent sports facilities-pool, tennis, athletics, and team sports for all ages-and is home to highly regarded primary and secondary schools, including Priory, Sussex Downs College, and Lewes Old Grammar School.
Material Information Tenure: Leasehold, 248 years remaining. Service Charge: £1,919.28 pa Ground Rent: N/A Council Tax Band: D Monthly Rent: £367.25 pcm (60% Ownership)
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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About Flat 7, Artisan House, Lewes
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