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West Street, Lewes

South East

£1,200,000
Listed on 27/11/2025

Property Details

Bedrooms
7
Type
Semi Detached

Description

This distinctive period property, originally the Co-Op Dairy and later the Wallis & Wallis Arms Auction House, presents a rare opportunity for renovation and investment. The building features two galleried showrooms, impressive vaulted ceilings in office spaces, charming bay windows, and a notable clock tower, all indicative of its rich history. With existing commercial permissions for a ground floor retail unit of approximately 645 sq ft and lower ground accommodation of around 1,160 sq ft, it is perfectly positioned for retail or gallery endeavors across from a public car park. The property also holds full planning permission for the conversion into five apartments (including one affordable unit), each designed with unique character. The residential plans include spacious layouts with private entrances and communal features such as a sedum roof terrace. The location enhances its appeal—situated in Lewes town center within walking distance to historical landmarks, local amenities, and transport links to major cities like London and Brighton. This property offers significant potential for those looking to invest in both commercial and residential markets while preserving its historical charm.

Investment Analysis

(BN7 area)
Area Average
£521/sq ft
Avg Rent (weekly)
£334
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (BN7)

Area prices are falling by -4.0% over the last 12 months
3 year growth: -2.7%
5 year growth: +5.5%
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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