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West Street, Lewes

South East

£950,000

Listed on 27/11/2025

Property Details

Bedrooms
7
Type
Semi Detached

Description

This unique historical property, once the Co-Op Dairy and later the Wallis & Wallis Arms Auction House, presents a distinctive opportunity for investors and developers. The building showcases its period character through features such as two impressive galleried showrooms with stylish staircases, vaulted office ceilings, and charming bay windows, all topped off with a notable clock tower. Currently, it holds commercial retail space on the ground floor of approximately 645 sq ft and additional accommodation on the lower ground, roughly 1,160 sq ft. Moreover, full planning permission permits the transformation into six residential units, including five uniquely designed apartments and one affordable housing option. Each apartment brings its own charm and layout, providing further scope for creative development. This prominent location in Lewes town centre ensures excellent visibility for commercial ventures while also being just moments away from historic landmarks and convenient transport links to cities like London and Brighton. With allocated parking spaces and plans for a communal sedum roof terrace, this property is ripe with potential for both commercial use or conversion into sought-after residences.

Investment Analysis

(BN7 area)
Area Average
£521/sq ft
Avg Rent (weekly)
£346
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
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
8%
Properties sold annually

Local Market Trend (BN7)

Area prices are falling by -7.6% over the last 12 months
3 year growth: -5.6%
5 year growth: -0.8%
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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years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£3,389
Based on a loan of £712,500 over 30 years at 3.97% 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

Price History

-20.8% since listed
£950,000£250,000(-20.8%)
30/03/2026
Current price
£1,200,000Initial listing
28/12/2025

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