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West Street, Lewes

South East

£1,200,000
Listed on 12/01/2026

Property Details

Bedrooms
7
Type
Detached house

Description

This distinctive period property, formerly the Co-Op Dairy and later the Wallis & Wallis Arms Auction House, presents a unique opportunity for renovation and investment. The building boasts notable architectural features such as galleried showrooms, vaulted office ceilings, bay windows, and a striking clock tower. The current layout includes a retail unit on the ground floor measuring approximately 645 sq ft and additional lower ground accommodation of about 1,160 sq ft, both poised for commercial use ideally situated opposite a public car park. Importantly, full planning permission has been granted for the conversion of this historical space into five apartments—offering a significant avenue for residential development. Each apartment is designed to have its own character while maximizing the property's charm. With allocated parking for four vehicles and additional tandem spaces available, this site also allows for communal outdoor features including a sedum roof terrace. Located in the heart of Lewes with close proximity to local amenities and transport links—including quick access to London and Brighton—this property combines historic significance with modern potential. Investors could capitalize on its unique features while contributing to the ongoing revitalization of the area.

Investment Analysis

(BN7 area)
Area Average
£521/sq ft
Avg Rent (weekly)
£324
Avg Yield
2.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £400,000
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
35%
Properties sold annually

Local Market Trend (BN7)

Area prices are stable by +1.6% over the last 12 months
3 year growth: +1.2%
5 year growth: +10.5%
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

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£4,328
Based on a loan of £900,000 over 30 years at 4.06% 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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