Eastbourne Property Shop says ..

Property Oracle says ..

This property listing presents a development opportunity rather than a ready-to-live-in home. Located in Eastbourne, the plot on Seabeach Lane is currently occupied by what appears to be derelict buildings and yard space. The listing highlights that planning permission is in place for three two-bedroom houses, each with front and rear gardens. The images show a site that requires significant clearance and preparation work before construction can commence. The land itself is enclosed by walls and gates, providing some level of security. The surrounding area is shown to be a mix of residential properties, indicating a residential location. Proximity to Eastbourne town centre, transport links (Eastbourne railway station is approximately 2.43km away), schools (including some rated as ‘Good’ by Ofsted) enhances the property’s overall desirability but also needs to factor in the current state of the land itself. While nearby property prices range from £146,000 to £350,000, the price of this plot of land with planning permission needs to be considered against the considerable costs associated with the development. The lack of square footage data for both the plot and potential build makes a precise valuation challenging, however considering the local market and potential resale value of the planned housing development the price appears relatively fair, although factoring in cost of redevelopment is crucial for potential investors.

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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