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Gardner Street, Herstmonceux

South East

£825,000
Listed on 29/01/2025

Property Details

Bedrooms
6
Type
Detached house
Area
4175 sqft

Description

This expansive Grade II Listed property presents a unique opportunity for renovation and investment in the desirable village of Herstmonceux, East Sussex. Currently operating as a fine dining restaurant, the building spans approximately 4,241 square feet across two levels, with an additional 1,808 square feet available in the lower ground floor basement. Set on around 0.75 acres of landscaped grounds, the property offers stunning views of the surrounding countryside. The potential for transformation is significant, as full planning permission and Listed Building Consent have been granted to convert the current establishment into two semi-detached family homes: one featuring five bedrooms and the other with four bedrooms. This flexibility allows for various development avenues, whether retaining its commercial use or transitioning to residential accommodation. Parking is not an issue; there are designated spaces for several vehicles alongside double garages assigned to each proposed unit. The property's large garden invites landscaping possibilities while taking advantage of its elevated views. Utilities include mains electricity, water, and drainage, supplemented by LPG gas for cooking and oil heating from two 2,500-liter tanks. While there has been identification of Japanese Knotweed on site, a comprehensive management plan is currently being prepared to address this issue. With its prime location and versatile layout, this property is ripe for investment or redevelopment into high-demand residential units in a sought-after area.

Investment Analysis

(BN27 area)

Below Market Value

This property is priced -43.0% below area average per sq ft

-43.0%
Potential saving
This Property
£198/sq ft
Area Average
£347/sq ft
Avg Rent (weekly)
£316
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £450,000
Target Value
£1,592,909
10% above area average per sq ft
Potential ROI
+24.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (BN27)

Area prices are falling by +3.1% over the last 12 months
3 year growth: -5.4%
5 year growth: 12.6%
Investment Disclaimer: Analysis based on BN27 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

Gardner Street, Herstmonceux
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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
£3,022
Based on a loan of £618,750 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