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High Street, Lewes, East Sussex

South East

£950,000
Listed on 14/08/2025

Property Details

Bedrooms
6
Type
Terraced house
Area
2432 sqft

Description

This charming double-fronted residence, steeped in history and originally serving as St Michael’s Rectory, presents a unique opportunity for renovation and investment. Spanning over 2,400 sq ft across three levels, the home boasts six bedrooms and offers significant potential for modernisation while retaining its period character. The property features an inviting reception hall with a striking double-height ceiling and ample storage. The ground floor flows seamlessly and includes a spacious 25-foot dual aspect sitting room complete with a bay window and an exposed brick fireplace. A versatile family room, also located on this level, adds to the living space, along with a rear kitchen fitted with basic cabinetry and an Aga that opens into a rear hallway equipped with a convenient en suite cloakroom. On the first floor, you'll find a galleried landing leading to three generously sized bedrooms, each benefiting from natural light through well-placed windows. These rooms include period details such as cast iron fireplaces; two of the bedrooms also have sinks for added convenience. Completing this level is a family bathroom in need of updating. Accessed via a separate staircase, the second floor features vaulted ceilings with exposed beams that house the remaining three double bedrooms. A useful WC on this level adds practicality to the space. The exterior showcases attractive mathematical tiling, approached through a panelled front door framed by Doric pilasters. The enclosed rear garden is in need of some cosmetic work but offers considerable potential for landscaping or development into an outdoor living area suited for entertaining, featuring established trees and shrubs for privacy. Located in Lewes—a vibrant county town nestled within the South Downs National Park—this property is surrounded by a rich array of individual shops, restaurants, cafes, and recreational amenities including cinemas and racecourses. The nearby coastal city of Brighton expands access to even more diverse options. For those commuting or seeking connectivity, Lewes station is just half a mile away and provides regular rail services to central London. The property also benefits from resident parking permits and proximity to major roadways linking to Gatwick Airport and beyond. Families will appreciate the selection of highly-rated state and independent schools in the vicinity. With thoughtful renovations, this historic home could be transformed into an exceptional family residence that harmonizes modern comforts with timeless charm while offering solid investment potential in a desirable location.

Investment Analysis

(BN7 area)

Below Market Value

This property is priced -25.3% below area average per sq ft

-25.3%
Potential saving
This Property
£391/sq ft
Area Average
£523/sq ft
Avg Rent (weekly)
£365
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£95,000 - £237,500
10-25% of property value
Target Value
£1,398,193
10% above area average per sq ft
Potential ROI
+17.7%
After renovation
Monthly Sales
12
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (BN7)

Area prices are stable by +0.3% over the last 12 months
3 year growth: 2.1%
5 year growth: 13.8%
Investment Disclaimer: Analysis based on BN7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

High Street, Lewes, East Sussex
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