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Fishmarket Road, Rye

South East

£650,000

Listed on 04/07/2026

Property details

Bedrooms
8
Type
Detached
Area
2321 sqft

Description

This substantial detached property, formerly a thriving bed and breakfast, presents an excellent opportunity for renovation and investment. With established planning permission (RR/2025/1100/P) to convert it into two separate dwelling houses, this property is ripe for transformation. The layout currently includes various accommodation setups: on the ground floor, a guest lounge and dining area alongside a sizable kitchen/breakfast room which leads to an enclosed courtyard and garden. There's also access to a cinema room located on the lower ground floor. The first and second floors house multiple en-suite bedrooms, totaling eight in all, making it suitable for either continued hospitality use or conversion into private residences. The outdoor space features courtyards and a split-level garden, enhancing the property's potential value further. Conveniently located near the historic town of Rye with numerous amenities and nearby beaches, this property not only allows for personal residence but also offers lucrative rental possibilities in a desirable location.

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Investment analysis

(TN31 area)

Below Market Value

This property is priced -26.9% below area average per sq ft

-26.9%
Potential saving
This Property
£280/sq ft
Area Average
£383/sq ft
Avg Rent (weekly)
£339
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£977,710
10% above area average per sq ft
Potential ROI
+22.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TN31)

Area prices are falling by -16.4% over the last 12 months
3 year growth: -14.5%
5 year growth: -6.6%
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

Fishmarket Road, Rye
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,456
Based on a loan of £487,500 over 30 years at 4.45% 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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