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North Salts, Rye, TN31

South East

£315,000
Listed on 25/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
894 sqft

Description

This three-bedroom residence presents a promising canvas for renovation, appealing to first-time buyers, investors, or those looking to downsize. The property is currently in need of modernization, offering an excellent opportunity for a new owner to infuse their personal style and improvements over time. Nestled in a serene cul-de-sac lined with similar terraced homes, it boasts a private, enclosed rear garden that faces southeast, ideal for outdoor relaxation and entertaining. Additionally, the single en-bloc garage adds to the home's practicality. The property's location is another strong selling point; just a short stroll from Rye's charming centre, known for its cobblestone streets and vibrant community spirit. Here you will find a mix of independent shops, cafés, and essential amenities along with easy access to the railway station. Inside, the entrance hall leads to a spacious sitting/dining room that benefits from dual aspects and natural light throughout the day. The kitchen requires updating but offers ample potential for reconfiguration into a modern space tailored to personal preferences. Upstairs hosts three bedrooms, each providing comfortable living spaces that can be further enhanced. Overall, this home provides not only immediate comfort but also significant potential for future enhancements.

Investment Analysis

(TN31 area)

Below Market Value

This property is priced -9.4% below area average per sq ft

-9.4%
Potential saving
This Property
£352/sq ft
Area Average
£389/sq ft
Avg Rent (weekly)
£371
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£382,248
10% above area average per sq ft
Potential ROI
+10.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (TN31)

Area prices are falling by -4.0% over the last 12 months
3 year growth: -5.2%
5 year growth: +12.0%
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

North Salts, Rye, TN31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,136
Based on a loan of £236,250 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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