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West Street, Lewes

South East

£950,000
Listed on 12/01/2026

Property Details

Bedrooms
7
Type
Commercial Property

Description

This distinctive period property, originally the Co-Op Dairy and later serving as the Wallis & Wallis Arms Auction House, presents a remarkable opportunity for redevelopment. It features two spacious showrooms with galleried areas, vaulted office ceilings, charming bay windows, and an eye-catching clock tower, all of which embody its historical significance. With existing commercial permissions for a ground floor retail unit (approximately 645 sq ft) and lower ground accommodation (approximately 1,160 sq ft), this site is ideally positioned for commercial enterprise or gallery use, conveniently located opposite a public car park. Furthermore, full planning permission has been granted to convert the building into six residential units — five uniquely designed apartments and one affordable unit — making it an attractive investment potential in the heart of Lewes. The property also includes allocated parking spaces and provision for a communal sedum roof terrace that could enhance its appeal. Located within walking distance from local amenities and transport links to London and Brighton, this building offers both historic charm and prime development prospects.

Investment Analysis

(BN7 area)
Area Average
£518/sq ft
Avg Rent (weekly)
£339
Avg Yield
3.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (BN7)

Area prices are falling by -7.5% over the last 12 months
3 year growth: -5.6%
5 year growth: +4.1%
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

West Street, Lewes
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£3,365
Based on a loan of £712,500 over 30 years at 3.91% 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

This calculation uses non-residential (land/commercial) tax rates.

Price History

-20.8% since listed
£950,000£250,000(-20.8%)
29/03/2026
Current price
£1,200,000Initial listing
12/01/2026

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