Plots 5 & 6, Land South of A27, Brighton, Brighton and Hove, East Sussex BN41 2GR

Description

Description A freehold parcel of woodland extending to approximately 1.1 hectares (2.70 acres). The plot is sold with vacant possession and is allocated as public open space. It may be suitable for alternative uses or development, appealing subject to any necessary consents.

The plot may appeal to investors or neighbouring occupiers look for additional garden/recreational space. The plot is located west of the A293 and to the rear/east of dwellings fronting Sharpthorne Crescent. This plot is 1 of 11 individual, nearby plots offered for sale in this auction.

Also for sale in this auction is a similiar plot located to the nearby north.

Site Area Approximately 1.1 hectares (2.70 acres) Tenure Freehold Planning For any pre-application advice, interested parties should consult directly with the Local Planning Authority: Brighton and Hove City Council, Hove Town Hall, Norton Road, Hove, BN3 3BQ. Telephone: 01273 292 222.

Email: planning.applications@brighton-hove.gov.uk Occupancy Vacant possession upon completion

Investment Analysis

Investment Snapshot

Underwriting basis. This is an indicative desktop appraisal. GDV is an estimated post-works/open-market value, not a guaranteed valuation. Comparable research is widened from the same street/postcode to the surrounding market up to approximately five miles where necessary.

Market Comparables

• Specialist asset: working market value is estimated from guide, asset type, income/development potential and local market evidence; midpoint £10,925.

HB estimated GDV: £10,000 low / £11,000 base / £12,000 high. The range reflects comparable quality, condition and the fact that auction stock can trade below normal owner-occupier market value.

Proposed Works

The allowance follows the auction description/visible condition and investor-standard refurbishment scope. It is not a structural survey or contractor quotation.

Strategy & Value Analysis

This is not a conventional single-dwelling BRRR/flip asset. The value case should be assessed using the specialist strategy appropriate to the property—income capitalisation, asset management, planning/development or land value—while still using the market-value range above as an indicative exit benchmark.

Key Risks

Confirm legal title/tenure, occupancy, planning/licensing, service charge/ground rent where relevant, structural condition, utilities, abnormal works and finance terms. Market comparables are indicative and should be refreshed immediately before bidding.