Flat 16, 40
Flat 16, 40
Description & Estimates
Flat 16, 40, Friars Walk, Lewes is recorded publicly as a modern leasehold apartment across 656 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 16, 40, Friars Walk, Lewes is £360,384 and its rental estimate is £1,454 per month, given the available information and assuming reasonable condition.
40, Friars Walk is a residential building on Friars Walk, Lewes, BN7 and falls within the BN7 postal district and the borough of Lewes.
Our Data Sources
Flat 16, 40, Friars Walk, Lewes has a single entry in the Land Registry from December 2018 and a single entry in the EPC database dated March 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 16, 40, Friars Walk, Lewes, we estimate a market value of £378,403 and a rental value of £1,527 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £335,157 and £1,352 per month respectively.
Recent Market Change
Over the last year, Flat 16, 40, Friars Walk, Lewes has seen its estimated sale value decrease by £10,094 (2.8%) and its estimated rental value grow by £32 per month (2.2%). This results in an estimated gross rental yield of 4.8%.
Energy Efficiency
Flat 16, 40, Friars Walk, Lewes has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 Mar 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of Flat 16, 40, Friars Walk, Lewes completed on 21st December 2018 at £280,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 4.1% over the period since December 2018.
- Sold Dec 2018£280,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 16, 40, Friars Walk, Lewes have sold within a radius of 490 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 29th June 2023, was Flat 43, Greyfriars Court, Court Road, Lewes, BN7 2RF, a leasehold flat which sold for £426,350.
Read more about house prices in BN7.
- Sold Jun 2023£426,350 | 2 Bed FlatFlat 43, Greyfriars Court, Court Road, Lewes, BN7 2RFFlat 43, Greyfriars Court, Court Road, Lewes, BN7 2RF
- Sold Nov 2022£290,000 | 2 Bed FlatFlat 8, Greyfriars Court, Court Road, Lewes, BN7 2RFFlat 8, Greyfriars Court, Court Road, Lewes, BN7 2RF
- Sold Aug 2022£330,000 | 2 Bed FlatFlat 11, Greyfriars Court, Court Road, Lewes, BN7 2RFFlat 11, Greyfriars Court, Court Road, Lewes, BN7 2RF
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 71 addresses on Friars Walk, Lewes, BN7, Flat 16, 40, Friars Walk, Lewes comes out as the 37th largest and the 36th most expensive in our analysis of the public data.
It is also £192k less expensive than the average property across the BN7 district.
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Schools Nearby
- 800mWestern Road Community Primary School
- 800mSouthover CofE Primary School
- 900mSouth Malling CofE Primary and Nursery School
- 500mPriory School
- 4.4kmKing's Academy Ringmer
- 7.8kmBrighton Aldridge Community Academy
More reading links
Public Transport Nearby
From Flat 16, 40, Friars Walk, Lewes, the nearest station is Lewes, 400 metres away.
- 400mLewes
- 3.7kmCooksbridge
- 4.2kmGlynde
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated low, based on Environment Agency data.
