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Meeching Rise, Newhaven

South East

£150,000

Listed on 04/12/2025

Property Details

Bedrooms
N/A
Type
House
Area
1259 sqft

Description

This detached community centre, formerly part of the Elim Pentecostal Church, offers a generous space of approximately 1,265 square feet (117 square metres) and presents significant renovation and investment potential. Situated on the outskirts of Newhaven's town centre, the property benefits from ample parking and is well-placed for various redevelopment opportunities. Potential uses include transforming the space into residential units such as townhouses or flats, or repurposing it for commercial endeavors like a medical practice, physiotherapy center, nursery, or community hub—subject to the necessary planning permissions. The locale is in proximity to local amenities including shops, cafés, bars, and restaurants while also providing easy access to Brighton and other parts of Sussex. This property is ripe for innovative development that aligns with community needs.

Investment Analysis

(BN9 area)

Below Market Value

This property is priced -62.9% below area average per sq ft

-62.9%
Potential saving
This Property
£119/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£258
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£445,038
10% above area average per sq ft
Potential ROI
+78.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (BN9)

Area prices are rising by +4.7% over the last 12 months
3 year growth: +1.6%
5 year growth: +14.3%
Investment Disclaimer: Analysis based on BN9 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

Meeching Rise, Newhaven
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£567
Based on a loan of £112,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

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