Mermaid Passage, Rye
HO

Mermaid Passage, Rye

By Homewise

£ 368,500

Reviews

3 out of 5 stars

Homewise says ..

Guide price for a Home for Life Lifetime Lease for OVER 60s tailored to your personal circumstances and requirements. Your price may vary. OVER 60S could benefit from SAVINGS of up to 59% from the market value with a one-off payment for a Lifetime Lease on this property. £36...

Property Oracle says ..

Rye is a popular tourist destination in East Sussex, known for its historic buildings, cobbled streets, and independent shops. The property’s location on Mermaid Passage places it within easy walking distance of Rye’s town centre and its amenities. The nearby railway station provides convenient access to other parts of the UK. The presence of several schools within a reasonable distance is also a positive factor for families. However, the specific quality of the schools would need further investigation.

The property appears to be in good condition based on the provided images. The kitchen and bathrooms look recently modernised. There is no visible evidence of significant repairs or renovations needed. The property seems well-maintained and presented.

The property includes a garden, which is a desirable feature, especially in a town centre location. While the plot size is relatively small at 762 sqft, it still offers outdoor space.

The list price of £368,500 is significantly lower than the average house price in the area (£471,448). However, the property is considerably smaller than the average house in the area (662 sqft compared to 1,561 sqft). Considering its location, condition, and the inclusion of a garden, the price per sqft is lower than the average. While the smaller size might affect the overall value, the lower price per sqft suggests that the list price could represent reasonable value for money, especially compared to other nearby properties. The lack of sqft data for the nearby properties makes a precise comparison difficult.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
8
Location
9
Land
6
Bedrooms
2
Bathrooms
2
Sqft (est)
662.00
Lot (est)
762.00

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
413,321.00 £
Decreased by 18.21 %
from 505,357.00 £
Est sale value
219,122.00 £
Decreased by 17.87 %
from 266,786.00 £
Average area rental value
1,300.00 £/mo
Increased by 7.44 %
from 1,210.00 £/mo
Est letting value
662.00 £/mo
from 0.00 £/mo
Est rental Yield
3.77 %
Increased by 31.36 %
from 2.87 %
Crime Rate
90.00 %
Unchanged by 0.00 %
from 90.00 %

Agent Activity

  • Homewise created the listing.

Nearby Schools

NameTypeOfstedDistance
Rye CollegeAcademy Converter0.51 KM
Rye Community Primary SchoolAcademy Converter0.51 KM
St Michael'S Church Of England Primary SchoolVoluntary Controlled SchoolGood2.54 KM
St Thomas' Church Of England Aided Primary SchoolVoluntary Aided SchoolGood3.92 KM
Peasmarsh Ce Primary SchoolChildren's Centre Linked Site5.09 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Market Road £ 500,00000.00 KM
Needles Passage £ 000.00 KM
Station Approach £ 465,00000.00 KM
Market Street £ 647,47500.00 KM
Forge Mews £ 425,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Rye (Sussex)5024RYE0.23 KM
Winchelsea5042WSE3.75 KM

Nearby Listings

AddressPriceTypeScoreDistance
Mermaid Passage, Rye £ 368,500BUY7 / 100.00 KM
Mermaid Passage, Rye £ 550,000BUY7 / 100.01 KM
HIgh Street, Rye, East Sussex TN31 7JN £ 495,000BUYUnknown0.02 KM
The Mint, Rye, TN31 £ 375,000BUY5 / 100.03 KM
The Mint, Rye, East Sussex TN31 7EN £ 765,000BUY5 / 100.03 KM

Nearby Properties

AddressPriceDistance
29 High Street £ 257,5000.06 KM
9 Jarretts Close £ 285,0000.06 KM
10 Jarretts Close £ 168,0000.06 KM
6 Jarretts Close £ 487,0000.06 KM
22 Mermaid Street £ 245,0000.07 KM