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Ferry Road, Rye, East Sussex, TN31 - Image 1
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Ferry Road, Rye, East Sussex, TN31 - Image 9

Ferry Road, Rye, East Sussex, TN31

South East

£280,000
Listed on 22/03/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
377 sqft

Description

This two-bedroom cottage, located in the heart of Rye, presents a promising opportunity for renovation and investment. Currently tenanted, the property is situated near a variety of shops and local amenities, making it an attractive option for buy-to-let investors looking to add to their portfolio. The interior comprises two reception areas that offer versatility for reconfiguration to maximize space and functionality. The lounge features a traditional fireplace and adjoins a dining room with direct access to the kitchen. While the kitchen includes essential fitted appliances and ample storage, it would benefit from modernization. The adjacent bathroom is functional but could also use updating to meet contemporary standards. Upstairs, you’ll find two bedrooms that provide comfortable living quarters; these spaces are flooded with natural light from well-placed double-glazed windows. There’s additional potential in the loft area, which offers further space that could be transformed into an extra room or office with the right renovations. Outside, the rear garden is low maintenance and enclosed, offering privacy along with a timber shed for added storage. This area provides a blank canvas for landscaping or outdoor entertaining options. Given its central location and renovation potential, this cottage not only serves as a residence but also as a wise investment opportunity in a sought-after town. Whether you’re looking to renovate for personal use or seeking rental income, this property holds significant promise.

Investment Analysis

(TN31 area)

Above Market Value

This property is priced +91.5% above area average per sq ft

+91.5%
This Property
£743/sq ft
Area Average
£388/sq ft
Avg Rent (weekly)
£392
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£160,862
10% above area average per sq ft
Potential ROI
-48.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TN31)

Area prices are falling by +2.2% over the last 12 months
3 year growth: -4.5%
5 year growth: 14.5%
Investment Disclaimer: Analysis based on TN31 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

Ferry Road, Rye, East Sussex, TN31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,026
Based on a loan of £210,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE