East House, East Street, Petworth, GU28 0AB

Description

An attractive Grade II listed Georgian property arranged as ground floor commercial accommodation with basement storage and a spacious three-bedroom maisonette above. Presented in good decorative order, the property offers attractive asset management potential, together with scope to convert the building back into a single residential dwelling, subject to the requisite consents.

Accommodation

Commercial accommodation at ground floor with basement storage and a spacious three-bedroom maisonette above. Approx. 2,612 sq ft GIA. Please refer to the floor plan.

Location

East House is prominently situated on East Street in the heart of Petworth, an attractive and historic West Sussex market town renowned for its antiques shops. The property is within easy walking distance of the High Street and local amenities. Pulborough railway station is approximately 5.5 miles away and Haslemere station is approximately 10.7 miles away.

Tenure / Property Information

Investment Analysis

The £625,000 guide is the only supplied pricing evidence and is not a formal valuation. No completed sales, rental comparables, GDV evidence, refurbishment budget or buyer/seller fee amounts are provided, so market value and maximum bid cannot be reliably established. The property is a vacant freehold mixed-use asset of approximately 2,612 sq ft, with commercial accommodation, basement storage and a three-bedroom maisonette. The stated potential to reinstate a single dwelling is subject to requisite consents, particularly relevant because the property is Grade II listed.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining specialist valuation and rental advice, confirming the commercial/residential legal configuration, reviewing the Special Conditions and establishing all buyer, seller and VAT charges. Do not rely on the single-dwelling potential without consent evidence.

Works Required

The evidence describes the property as being in good decorative order. Potential works are limited to assessing the existing commercial and residential accommodation and investigating any proposed conversion back to a single dwelling. Any alterations would require appropriate planning, listed-building and other consents; no specific works or costs are evidenced.

Rental & Market Context

Potential BRRR Position

BRRR cannot be quantified without supported rent, GDV, works, finance and fee assumptions. Refinance potential is particularly uncertain because the building is mixed use and Grade II listed. The proposed single-dwelling configuration is only potential and remains subject to requisite consents.

Buy-to-Let Analysis

A BTL assessment cannot be quantified because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant and mixed use, so the commercial and residential income potential would need to be assessed separately, together with the legal and operational implications of the existing arrangement.

Flip Analysis

A flip analysis cannot be quantified because no supported resale value, comparable sales, refurbishment budget, selling allowance or transaction costs are provided. The guide price alone does not establish a viable resale margin.

Investor Risks & Due Diligence

• The property is Grade II listed, and alterations or conversion may require listed-building and other consents.

• The proposed conversion from mixed use back to a single residential dwelling is only stated as potential and is not supported by consent evidence.

• No sufficiently specific rental comparables or rent estimate are supplied, preventing income and yield assessment.

• Buyer fees, seller charges and any VAT are unspecified and may materially increase acquisition cost.

• The property is vacant, so there is no evidence of passing income.

• The existing commercial and residential configuration may affect valuation, financing, insurance and management requirements.

Recommendation

Proceed only after obtaining specialist valuation and rental advice, confirming the commercial/residential legal configuration, reviewing the Special Conditions and establishing all buyer, seller and VAT charges. Do not rely on the single-dwelling potential without consent evidence.

Strategy Rating

Analysis Confidence

Only the guide price, physical description, stated condition, tenure, occupancy and approximate floor area are supplied. There are no sold comparables, rental evidence, fees, EPC, council tax, finance assumptions, works budget or consent information.