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Green Lane, South Chailey, BN8

South East

£550,000
Listed on 07/07/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This property presents a compelling opportunity for renovation and investment in the desirable village of South Chailey. With planning permission already secured for the demolition of the existing structure, the potential to build three new dwellings — including one detached and two semi-detached homes — is set on a generous fifth of an acre plot. This project, approved by Lewes District Council under references LW/22/0593 & LW 23/0413, can capitalize on the increasing demand for housing in this area. Located on the outskirts of South Chailey, this site benefits from its close proximity to local amenities and services. The village itself boasts a shop with post office facilities, a well-regarded secondary school, and is enveloped by picturesque open countryside. Not far to the north is Chailey Green, which offers additional conveniences such as a church, a pub, and a primary school. For commuters, nearby Plumpton Green and Cooksbridge provide railway stations with direct access to key destinations. The broader area features attractive towns like Burgess Hill and Haywards Heath, which are approximately 6-7 miles away. These towns offer extensive shopping options and excellent rail connections to London, with travel times around 45 minutes to major stations like Victoria and London Bridge. This property not only provides immediate development potential but also promises long-term value appreciation in a sought-after location, making it an appealing prospect for savvy investors or those looking to create their ideal residential project.

Investment Analysis

(BN8 area)
Area Average
£425/sq ft
Avg Rent (weekly)
£438
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £900,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (BN8)

Area prices are rising by +3.8% over the last 12 months
3 year growth: -1.6%
5 year growth: 10.8%
Investment Disclaimer: Analysis based on BN8 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

Green Lane, South Chailey, BN8
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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
£2,015
Based on a loan of £412,500 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