Spences Lane, Lewes, BN7
CL

Spences Lane, Lewes, BN7

By Clifford Dann

£ 200,000

Reviews

2 out of 5 stars

Clifford Dann says ..

A 1 Bedroom, Top Floor Flat, with a 942 Year Lease, located in the popular South Malling Area of Lewes. The well proportioned flat is surprisingly close to the town centre (13 minuet walk) and would benefit from some updating but benefits from views across the Castle the South Downs in the distance.

Property Oracle says ..

This one-bedroom flat in Lewes, East Sussex, presents a mixed bag of advantages and disadvantages. The property’s location offers proximity to local amenities, including a primary school, children’s centre, and Lewes train station, increasing its appeal to families and commuters. However, the immediate surroundings lack the charm of Lewes’ town centre. The photos show a property requiring considerable modernisation. The kitchen and bathroom are dated, and the interior needs updating. The apartment lacks a garden, which is not uncommon for flats in such locations. Whilst the listed price is competitive within Lewes, the cost of necessary renovations must be factored in by prospective buyers. Therefore this property presents an opportunity for someone willing to invest time, effort, and money into modernisation. The views from the apartment are somewhat unique, overlooking a wooded area. Overall, it’s essential to weigh the potential for improvement against the initial investment required.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
7
Land
1
Bedrooms
1
Bathrooms
1
Sqft (est)
511.93

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
357,295.00 £
Decreased by 32.83 %
from 531,897.00 £
Est sale value
271,322.90 £
Decreased by 6.19 %
from 289,240.45 £
Average area rental value
1,215.00 £/mo
Decreased by 30.29 %
from 1,743.00 £/mo
Est letting value
511.93 £/mo
Unchanged by 0.00 %
from 511.93 £/mo
Est rental Yield
4.08 %
Increased by 3.82 %
from 3.93 %
Crime Rate
8.00 %
Unchanged by 0.00 %
from 8.00 %

Agent Activity

  • Clifford Dann created the listing.

Nearby Schools

NameTypeOfstedDistance
South Malling Cofe Primary And Nursery SchoolVoluntary Controlled SchoolGood0.19 KM
Lewes Children'S CentreChildren's Centre0.55 KM
Priory SchoolFoundation SchoolGood1.29 KM
Lewes Old Grammar SchoolOther Independent School1.84 KM
Western Road Community Primary SchoolFoundation SchoolGood2.03 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Barn Road £ 375,00000.00 KM
Cranmer Close £ 000.00 KM
Park Drive £ 695,00000.00 KM
Cuilfail Tunnel £ 2,500,00000.00 KM
Brooks Close £ 500,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Lewes5329LWS1.39 KM
Cooksbridge5336CBR4.11 KM
Southease5339SEE5.59 KM
Glynde5338GLY6.07 KM

Nearby Listings

AddressPriceTypeScoreDistance
Spences Lane, Lewes, BN7 £ 200,000BUY4 / 100.00 KM
Spences Lane, Lewes, East Sussex £ 425,000BUY7 / 100.05 KM
Spences Lane, Lewes, East Sussex, BN7 £ 415,000BUY6 / 100.07 KM
Orchard Road, Lewes BN7 2HB £ 405,000BUY5 / 100.10 KM
Orchard Road, Lewes £ 405,000BUY5 / 100.11 KM

Nearby Properties

AddressPriceDistance
53 Spences Lane £ 283,5000.09 KM
41 Spences Lane £ 264,0000.09 KM
47 Spences Lane £ 349,9500.09 KM
21 Spences Lane £ 288,0000.09 KM
55 Spences Lane £ 277,0000.09 KM