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Spences Field, Lewes

South East

£399,950
Listed on 09/04/2026

Property Details

Bedrooms
4
Type
End Of Terrace
Area
1282 sqft

Description

This end-of-terrace townhouse offers a valuable opportunity for renovation and investment in the sought-after old Malling area. Spanning three stories, the property features four bedrooms, including a versatile ground-floor bedroom that could easily be transformed into a separate living space with minimal alterations. The expansive kitchen/family room on the first floor connects to a comfortable sitting room, providing potential for open-plan living enhancements. The second floor showcases bedrooms with charming views of the South Downs, alongside a shower room awaiting modernisation. There is ample scope for expansion; both the garage and the loft space are ripe for conversion (subject to planning permission), offering options to increase living space or add rental potential. The outdoor areas include a manageable rear garden with tiered seating, and parking is available on the front driveway. Located in a quiet cul-de-sac just minutes from local amenities and transport links to key destinations like Brighton and London, this property is perfect for those looking to create a tailored residence or capitalize on its rental prospects.

Investment Analysis

(BN7 area)

Below Market Value

This property is priced -39.8% below area average per sq ft

-39.8%
Potential saving
This Property
£312/sq ft
Area Average
£518/sq ft
Avg Rent (weekly)
£339
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£730,977
10% above area average per sq ft
Potential ROI
+62.5%
After renovation
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

Spences Field, 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
£1,417
Based on a loan of £299,962 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

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