Burgess & Co says ..

Property Oracle says ..

This listing presents a development opportunity for 13 new residential units on a large plot of land at Potmans Lane, Bexhill-on-Sea. The property is currently undeveloped, which is reflected by a lack of existing features like bedrooms and bathrooms. The land holds planning permission (WD/2022/0649/MAJ) for the construction of two, three, and four-bedroom semi-detached and detached houses, as per the provided architectural plans. The location is slightly outside Bexhill-on-Sea’s centre, yet it enjoys a relatively close proximity to several well-regarded schools and multiple railway stations within a reasonable distance. The surrounding areas show a range of house prices, from £170,000 for smaller properties to over £795,000 for larger ones. The asking price for the entire development appears significant and will require additional analysis to verify the price relative to land values and profit margins within the local market. Potential buyers should conduct thorough due diligence, consulting with local builders, architects, and land valuers before proceeding. The existing documentation provides a good overview of the development opportunity, however, additional information such as detailed cost breakdown and expected return on investment are highly recommended for investors to review before any purchase decision is made. The plans appear well thought out showing a variety of housing types suitable for a range of buyers. Overall this property represents a substantial undertaking, demanding careful scrutiny.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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