Open House Estate Agents says ..

Property Oracle says ..

This listing presents an opportunity to purchase a plot of land on Valley Road, Peacehaven. The land is approximately 0.1449 acres and is currently overgrown. Aerial photographs show the presence of what appears to be the remains of previous structures, suggesting the need for extensive clearance and preparation before any building works can commence. The location in Peacehaven offers proximity to schools such as Meridian Community Primary School and Peacehaven Community School, and transportation links to other towns. However, the exact location on Valley Road influences accessibility to these amenities. Nearby property sales illustrate a considerable range of prices, highlighting the variability of property values in the area, particularly given the range of sizes and types of properties. The asking price of £80,000 for this plot needs further investigation into potential development costs and the need for obtaining any necessary planning permission before a final assessment of value can be concluded. The lack of square footage for both the plot and any potential building further impacts the evaluation. Prospective buyers need to thoroughly investigate the land’s suitability for development, potential costs of renovation, and obtain accurate planning permissions before deciding to proceed with any purchase. The current state of the land necessitates a professional survey to determine its feasibility and to assess the extent of groundworks required.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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