Land Ore Place, Hastings, East Sussex, TN34 2LR

Description

A freehold parcel of land extending to approximately 0.7 acres (0.28 hectares), situated in a residential area to the north of Hastings town centre, and with far reaching views over the town and the English Channel. The land benefits from access to The Ridge and offers potential for a variety of uses, subject to all necessary consents being obtainable. Interested parties are advised to make their own enquiries with Hastings Borough Council and satisfy themselves as to the suitability of the land for their intended use.

Location

Situated in a residential area to the north of Hastings town centre, with far reaching views over the town and the English Channel. The land benefits from access to The Ridge.

Tenure / Property Information

Investment Analysis

The evidence supports only that this is a vacant freehold land parcel of approximately 0.7 acres in a residential area with views and access to The Ridge. The sold comparables are detached houses on Ore Place, not land, so they do not establish a reliable land value or GDV. No planning consent, development capacity, valuation evidence, servicing information or use-specific comparables are supplied. The £60,000–£70,000 guide is the only available pricing indicator, subject to additional fees and costs.

Investment Snapshot

Strategy Recommendation

Treat this as a planning-led land acquisition only. Proceed only after satisfactory due diligence confirms a viable intended use, access, services and consents; otherwise avoid bidding.

Works Required

Undertake planning and highways enquiries with Hastings Borough Council, establish whether the intended use is acceptable, and verify access, services, site constraints and any required consents. No construction or refurbishment scope can be specified from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable on the supplied evidence. There is no established residential use, planning consent, GDV, refurbishment budget or rental income, so refinance proceeds cannot be estimated.

Buy-to-Let Analysis

BTL analysis is not possible because the asset is vacant land, no dwelling is described and no sufficiently specific rental evidence is available.

Flip Analysis

A flip appraisal cannot be quantified. The detached-house sales provide location context only and do not establish the value of this land or the value of any future permitted scheme. No selling allowance or development costs are supplied.

Investor Risks & Due Diligence

• Any intended use is subject to necessary consents and suitability has not been established.

• No planning consent, development capacity or scheme feasibility information is supplied.

• Access is described, but legal, physical and highways details are not evidenced.

• No services, site constraints or development costs are provided.

• Detached-house sold comparables are not directly comparable to the land parcel.

• Additional buyer, administration, search, other fees, Stamp Duty, Land Registry fees and potentially VAT may apply.

Recommendation

Treat this as a planning-led land acquisition only. Proceed only after satisfactory due diligence confirms a viable intended use, access, services and consents; otherwise avoid bidding.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, approximate land area, location and guide range, but provides no planning position, development capacity, land comparables, services, costs, rental evidence or supported GDV.