Old Shoreham Road and Benfield Way, Brighton, East Sussex, BN41 2GR

Description

Comprising 2 separate areas of freehold land in a popular area close to shopping and transport services. The land areas are shaded in yellow with red hatching on the display plan. The first area of land comprises a very long stretch of freehold land backing onto Portslade Golf Club and Playing Fields. The second area of freehold land has a very prominent frontage over Old Shoreham Road. Both sections of land are being sold together in this combined lot. The land areas may have potential for alternative uses subject to all the usual necessary prior consents. Postcodes show the general area.

Location

The land is described as being in a popular area close to shopping and transport services. One area backs onto Portslade Golf Club and Playing Fields, and the other has prominent frontage over Old Shoreham Road. The property description refers to Portslade, BN41 2GR, while the listing heading gives Brighton, East Sussex.

Tenure / Property Information

Investment Analysis

This is a freehold land lot comprising two separate areas. The supplied sold comparables are completed sales of terraced houses in the same postcode and cannot establish land value, development value or GDV. No site areas, planning status, permitted use, access, services, title constraints or development evidence are supplied. The £50 guide is not a market valuation. The known purchase price plus administration charge would be £1,250 before any unspecified charges, but total acquisition cost cannot be established.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Proceed only after reviewing the legal pack and independently confirming planning potential, access, services, boundaries, restrictions and all additional charges.

Works Required

No physical works are evidenced. Required pre-bid work is due diligence into title, boundaries, access, services, planning policy, permitted uses and any restrictions affecting both land areas.

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 residential asset, GDV, refurbishment budget, rental income or refinance value. Any development or alternative use remains subject to the necessary consents.

Buy-to-Let Analysis

BTL cannot be assessed because the asset is land with no accommodation and no sufficiently specific rental evidence. No residential use or rent should be assumed without planning and development evidence.

Flip Analysis

A flip appraisal cannot be completed because no supported GDV, site area, planning consent, development scheme, build cost or selling allowance is provided. The house comparables cannot be used as a direct land valuation.

Investor Risks & Due Diligence

• Planning permission or alternative use may not be available.

• The two land areas may have access, boundary, title or service constraints that are not described.

• The house sale comparables are not directly relevant evidence of land value.

• Additional legal, search, seller-cost, transfer, administration or buyer-premium charges may apply.

• No income-producing use, accommodation or rental evidence is supplied.

• The property description refers to Portslade while the listing heading gives Brighton, so exact location and title details require verification.

Recommendation

Do not bid on the current evidence alone. Proceed only after reviewing the legal pack and independently confirming planning potential, access, services, boundaries, restrictions and all additional charges.

Strategy Rating

Analysis Confidence

The evidence confirms freehold land and a guide price, but provides no land areas, planning information, legal constraints, development evidence, income or relevant land comparables. Additional auction charges are also unspecified.