The asking price of £400,000 for a development opportunity requires consideration of the potential value upon obtaining planning permission. While the price seems within the range of similar plots in the area (given the lack of sq footage data), the ultimate value depends entirely on the feasibility and extent of any future development. Hence a 6 is appropriate given the risk of acquiring planning permission.

As the property is listed as a ‘plot’ and is ‘Sold Subject to Planning’, no existing structure is being sold; hence it’s in no condition to be scored other than a 1, indicating a lack of structure for evaluation.

The property is situated in South Portslade, which benefits from proximity to local amenities such as shops, a bakery, and a post office (Mill Lane). Good primary schools are also within a reasonable distance. Train links to Brighton and other locations are easily accessible via Portslade station. This makes it a convenient location for many.

The aerial image shows a substantial plot of land, suggesting ample space for development. The size, though unquantified, seems significant compared to surrounding properties.