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New Winchelsea Road, Rye

South East

£425,000
Listed on 17/01/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1461 sqft

Description

This semi-detached house offers a unique opportunity for renovation and investment, situated within convenient walking distance of Rye Town Centre. Featuring four bedrooms, the property showcases a main bedroom equipped with an en-suite bathroom that provides stunning panoramic views. The outdoor space is particularly noteworthy, with a terraced garden that descends to a private jetty, allowing for mooring of boats or paddleboards, ideal for water enthusiasts. Additionally, the property boasts ample parking, with space available for multiple vehicles and an integrated garage that presents possibilities for conversion into additional living space, subject to necessary permissions. Inside, the layout includes a spacious kitchen-diner featuring a range cooker and access to the garden—perfect for those looking to create an inviting culinary space. The living room is designed with an open archway leading to the kitchen, promoting a fluid transition between spaces. The additional bedrooms are generously sized and offer varying views from their windows. One bedroom includes access to a walk-in wardrobe, providing valuable storage options. The family bathroom is equipped with both a shower cubicle and separate bathtub, presenting further opportunities for updates. The garage is particularly versatile; it contains utility features along with potential for development to enhance residential capacity. Given its location and features, this property holds significant potential for anyone looking to invest in a home that can be tailored and transformed according to individual needs or preferences. Viewings are recommended to fully appreciate what this property has to offer.

Investment Analysis

(TN31 area)

Below Market Value

This property is priced -25.0% below area average per sq ft

-25.0%
Potential saving
This Property
£291/sq ft
Area Average
£388/sq ft
Avg Rent (weekly)
£392
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£623,394
10% above area average per sq ft
Potential ROI
+32.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TN31)

Area prices are falling by +2.2% over the last 12 months
3 year growth: -4.5%
5 year growth: 14.5%
Investment Disclaimer: Analysis based on TN31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

New Winchelsea Road, Rye
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,557
Based on a loan of £318,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE