Land to the South of Quinnell Drive, Hailsham, East Sussex

Description

A triangular shaped parcel of land measuring approximately 335 sq m (3,605 sq ft).

Location

The land is situated on a residential road close to local shops and amenities. There are numerous green open spaces that are within easy reach. Transport links are provided by Polegate rail station.

Tenure / Property Information

Investment Analysis

The completed sales evidence comprises nearby houses on Quinnell Drive at £245,000–£417,500. These are not directly comparable to a 335 sq m triangular land parcel and do not establish a land value or development GDV. No planning consent, permitted use, access, services or development scheme is supplied.

Investment Snapshot

Strategy Recommendation

Treat as a speculative land acquisition only after confirming planning potential, access, services, title and all auction/legal costs. Do not rely on nearby house sales to set a bid.

Works Required

No physical works are evidenced. Required diligence would include reviewing the legal pack and establishing planning potential, access, services, title constraints and any development restrictions.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not assessable. There is no supported development scheme, GDV, refurbishment budget, planning consent or finance cost. Refinance at 75% of GDV cannot be calculated.

Buy-to-Let Analysis

BTL is not assessable because the asset is land with no accommodation and no supported rental evidence applicable to the parcel. The supplied £500 pcm listing relates to a two-bedroom property and cannot be applied.

Flip Analysis

A flip appraisal cannot be established because no planning consent, buildable scheme, GDV, acquisition price, development cost or selling allowance is supported. Nearby house sales are insufficient to value the land as a development.

Investor Risks & Due Diligence

• Planning potential and permitted use are not evidenced.

• Access, utilities and buildability are not evidenced.

• Buyer premium and other legal, search, transfer and seller-cost reimbursements are unspecified.

• Nearby completed house sales may not reflect the value of this land parcel.

• The triangular 335 sq m site may constrain any potential development, but no scheme or planning assessment is supplied.

Recommendation

Treat as a speculative land acquisition only after confirming planning potential, access, services, title and all auction/legal costs. Do not rely on nearby house sales to set a bid.

Strategy Rating

Analysis Confidence

The evidence confirms the parcel size, freehold tenure, location and known £1,800 admin charge, but provides no planning, buildability, access, services, land comparables, development costs or applicable income evidence.