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The Old Racecourse, Lewes

South East

£1,750,000
Listed on 28/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2267 sqft

Description

Nestled within the picturesque landscape of the South Downs, this property offers unique potential for transformation. Rhylstone House, part of the Lewes Old Racecourse, presents an opportunity for developers and homeowners alike. With granted planning permission and architectural plans already in place, this residence can be reimagined into a modern family home. The accompanying stable block is poised for conversion—which could seamlessly integrate with the main house or remain as a functional equestrian space. Set against a backdrop of rolling Downland hills, the property features expansive gardens ideal for landscaping or recreational use. Its location is both serene and accessible—just a short drive from Lewes, providing an excellent balance of rural living and connectivity. Inside, the home boasts spacious living areas filled with natural light, thanks to large windows throughout. The layout offers versatility with multiple bedrooms; several include ensuite facilities, making it suitable for various family configurations. A well-equipped kitchen provides ample storage and dining space, while the inviting sunroom connects to outdoor areas perfect for entertaining or relaxing outdoors. The current structure is well-maintained but presents substantial scope for modernization and expansion. The proposed designs envision striking contemporary elements that would add significant value to this investment. This property invites creativity and could easily become a remarkable residence tailored to modern needs while preserving its charming rural essence.

Investment Analysis

(BN7 area)

Above Market Value

This property is priced +47.4% above area average per sq ft

+47.4%
This Property
£772/sq ft
Area Average
£524/sq ft
Avg Rent (weekly)
£340
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£1,305,826
10% above area average per sq ft
Potential ROI
-30.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (BN7)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 1.4%
5 year growth: 14.0%
Investment Disclaimer: Analysis based on BN7 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

The Old Racecourse, Lewes
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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
£6,411
Based on a loan of £1,312,500 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