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See how verdicts work4-bedroom detached house · BN7 2HG
Listing removedReduced £50k (−4.2%) on 21 JunListed 275 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detached Character Home With Annexe, Walled Gardens & Sustainable Features Located in Spences Lane, Lewes, this detached character property dates back to the mid-1800s.
It has been significantly improved and extended, combining period features with modern amenities and sustainable living solutions set in a significant walled garden, all within walking distance of the town centre.
It is an unusual opportunity to acquire such a versatile family house. Access is via electronic gates leading to a parking area or via a pedestrian gate.
The main house provides versatile accommodation across three floors spanning almost 2,000sq ft, including four bedrooms and two bathrooms.
The ground floor has three reception rooms, one cosy sitting room, another dining room with wood flooring with a feature curved wall leading into the kitchen and then a large main bright reception room with patio doors to the garden.
The kitchen has a good range of wall and base mounted units and freestanding appliances and a terracotta floor. On the ground floor is a wet room with WC, wash hand basin and shower.
The stairs then lead up to the first floor landing with useful storage cupboards and a door to an inner hallway. There is a double bedroom with a window to the front overlooking the garden.
Another double bedroom with storage is on this floor. The family bathroom which is principally tiled and has a panelled bath with shower over, WC, bidet and wash hand basin.
On the second floor the views extend over the garden and beyond across Lewes with the main bedroom being triple aspect and having extensive wardrobes and a door to a wet room with WC, pedestal wash hand basin, bidet and a shower.
There is a further double bedroom on this floor. The exterior features extensive walled gardens, approximately 1/3 acre (subject to confirmation).
These gardens include lawns, mature planting, and multiple seating areas for outdoor activities. Practical elements such as various sheds, a large greenhouse, and a log store are also present.
An Annex adds significant versatility to the property and is ideal for a relative, work from home situation or a very useful income.
It consists of a self-contained studio on the first door approached by a private front door with a small shower room and a separate one bedroom flat on the ground floor with an open plan kitchen/living room and separate bedroom and shower room.
For sustainable living, the property includes an air source heat pump and solar panels, aiming to reduce energy consumption.
These installations balance the property's historical integrity with contemporary eco-friendly solutions.
While the core details list 4 bedrooms and 3 reception rooms, the annex of course adds to this.
This substantial home, with its history, modern updates, and setting, offers a distinctive and adaptable residence in Lewes . Viewing is recommended to appreciate the property's scale and potential.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Woodbine Cottage, 63 Spences Lane, East Sussex
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