3-bedroom house · TN31 7EU
Sold STCListed 229 days
Opportunity summary
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About
Guide £700,000 - £750,000 On entering this lovely home you are immediately struck by its character, warmth and easy elegance.
To the ground floor, there is a welcoming and very generous entrance hall, a spacious sitting room with feature fireplace, a pretty cottage style kitchen and useful dining room which opens onto the garden.
To the first floor, there are three good size bedrooms, all of which have built-in storage, a bathroom and separate cloakroom. Outside, there are good surprises to the front and back.
Set back from the street, the cobbled frontage offers parking for one vehicle, while to the rear, there is a stunning, very private garden which can only be described as a “hidden gem”.
This wonderful property would be ideal for anyone looking for a welcoming retreat in the heart of Rye, just a couple of minutes walk from all the many amenities on offer, and just a short drive from the coast.
EPC Rating: E Entrance hallway 3.38m x 3.99m The front door opens into a spacious, welcoming entrance hall where there is room for free standing furniture. Stairs to first floor.
Large under stairs cupboard. Built-in shelving. Door to sitting room.
Sitting room 3.99m x 4.37m A door from the hall leads you through to the elegant sitting room where an Adams style feature fireplace with built-in storage and shelving either side makes a lovely focal point.
A large window to the front gives views over Mermaid Street. Double doors to the rear open into the dining room.
Dining Room 2.13m x 4.8m Handily positioned between the sitting room and the kitchen, this useful space, which opens onto the garden, is the perfect place for relaxing or dining.
Built-in cupboards and shelving to one wall. Open doorway to kitchen.
Kitchen 2.08m x 2.79m Situated at the back of the house with views over the garden is the lovely cottage kitchen, which has a range of limed units with tiled worktops and sink unit.
Integrated washing machine, dishwasher and under counter fridge. Gas hob with oven below and extractor above.
First floor landing A turned staircase from the ground floor leads to a first floor landing which gives access to all the rooms on this floor.
Loft hatch and large walk-in airing / drying cupboard which houses the boiler and hot water cylinder.
Bedroom 1 3.15m x 3.45m A good size double bedroom with built-in storage to one wall and two windows to the front.
Bedroom 2 3.15m x 3.4m This pretty double bedroom has a built-in surprise! Hidden behind the double doors is a vanity unit with basin and good amounts of storage space.
A window to the rear gives a lovely outlook over the garden.
Bedroom 3 2.26m x 3.15m The smallest of the three bedrooms, this room would also work equally well as an office or study space. Built-in corner cupboard.
Cloakroom 0.89m x 2.13m This useful cloakroom comprises a WC and wash basin.
NB: It may be possible to reconfigure this cloakroom and built-in storage cupboard to bedroom 2 to make an en-suite bathroom, subject of course to any necessary permissions.
Bathroom 1.85m x 2.18m A traditional style bathroom with panelled bath, wash basin and WC. Window to rear.
Outside To the front of the property is an attractive cobbled area where there is a rose garden and space for parking one vehicle.
To the rear is a beautiful hidden garden that is divided into two distinct areas.
Directly at the back of the house is a pretty patio area, ideal for summer relaxation and as you wind your way down the garden through mature planted borders you come to another patio at the end where there is a gate that gives access to the rear of the Mermaid Hotel and forms a short cut into the town centre.
Services Mains: water, electricity, gas and drainage. EPC: exempt. Local Authority: Rother District Council. Location finder what3words: ///montage.diggers.blindfold
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 Mermaid Street, Rye, TN31
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