Land at Beatty Road, Eastbourne, East Sussex, BN23 6DG

Description

This freehold parcel of land is located adjacent a busy parade of shops, in a residential area close to Sovereign Harbour and the seafront.

Location

Located adjacent a busy parade of shops, in a residential area close to Sovereign Harbour and the seafront.

Tenure / Property Information

Investment Analysis

The £20,000–£25,000 guide is the only direct pricing evidence for the freehold car park. The sold comparables are nearby residential/other properties, but no size, parking-space count, planning information or directly comparable land sales are supplied, so an independent market value or GDV cannot be established.

Investment Snapshot

Strategy Recommendation

Proceed only as a land-use and planning-led purchase after verifying the car park’s legal rights, capacity, condition and any alternative-use potential. Do not underwrite it on residential comparables or the supplied house rental listing.

Works Required

No refurbishment works are evidenced. Confirm the legal access, boundaries, surfacing, drainage, lighting, parking layout and any maintenance requirements before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported because there is no evidenced refurbishment plan, rental income, GDV, planning position or refinance valuation. The guide price alone is insufficient for a refinance calculation.

Buy-to-Let Analysis

No supported passing or achievable rent is available for this car park. The £425 pcm rental listing relates to houses in Beatty Road and is not applicable evidence for the subject land, so a rental yield cannot be established.

Flip Analysis

A flip surplus cannot be calculated. Nearby residential sales are not directly comparable to a freehold car park, and no planning uplift, development potential, resale value or selling-cost allowance is supplied.

Investor Risks & Due Diligence

• No site area, parking-space count or detailed condition is supplied.

• Planning status and any alternative-use or development potential are unknown.

• No supported rental or passing-income evidence is available.

• Residential sold comparables are not directly comparable to the car park.

• Administration, other non-optional fees, taxes and registration costs are unspecified.

Recommendation

Proceed only as a land-use and planning-led purchase after verifying the car park’s legal rights, capacity, condition and any alternative-use potential. Do not underwrite it on residential comparables or the supplied house rental listing.

Strategy Rating

Analysis Confidence

Only the guide range, freehold car-park description and non-comparable nearby sales are supplied; area, capacity, planning, income, costs and directly comparable land evidence are absent.