The present building by Thomas Bower dates from 1861 and is listed at grade II;[1] Nikolaus Pevsner describes it as "decent" and "staid".
After major rebuilding completed in 2006, the building is now used for a mixture of residential and commercial purposes, including shops, cafés and apartments.
[5] The Lamb is not among the seven named "Innes for lodging" recorded as having been burned,[6] as the building at that date was being used as a house by James Bullen.
[1][2] The Lamb Hotel is described in an 1874 directory as a "Commercial Inn and Posting House", one of two in the town (the other being the Crown).
[4][11][12] The former Lamb Hotel is a large corner building, in red brick with stone dressings under a slate roof.
The ground-floor windows have stone sills, arched tops and keystones with decorative motifs, including a lamb's head.
[1] The central bay has a portico with Tuscan columns flanking the main entrance, which is reached by a low flight of stone steps and features an arched head.
[1] In the original Bower design, this section was capped with a high concave roof to form a tower; this was demolished in 1937 and the wing is now completed with a brick parapet.
Now known as Chatterton House, after the first landlord, the building is used for a variety of purposes including cafés and shops on the ground floor, with residential apartments in the upper storeys.