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Care Home Site with PP, St Leonards On Sea - Image 1
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Care Home Site with PP, St Leonards On Sea

South East

£1,950,000
Listed on 20/03/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique opportunity for developers and investors, featuring a cleared plot of approximately 0.61 acres with approved planning consent for an 80-bed care home. The land is freehold, offering potential for immediate development in a growing sector of the housing market. Situated on a residential street in the appealing area of St Leonards On Sea, the location is just half a mile from the picturesque seafront. The proximity to Silverhill provides easy access to essential shopping facilities, while St Leonards Warrior Square is nearby, offering additional shops and dining options. The historic town of Hastings, renowned for its vibrant Old Town area, is also within a mile, enhancing the site's attractiveness for future residents and their families. Transportation links are favorable as well, with Warrior Square Rail Station located only 0.3 miles away, providing services from Southern and South Eastern Rail. This accessibility adds to the site's desirability for prospective tenants. Planning permission has been granted by Hastings Borough Council (ref: HS/FA/22/00409) for the construction of a care home that will include necessary access routes, parking provisions, open space, and landscaping features designed with renewable energy considerations. This aligns with current trends emphasizing sustainability in new developments. With significant demand for quality elder care facilities in this region, this site not only offers immediate development prospects but also long-term investment potential in a robust market. Interested parties can explore further details through our dedicated data room online.

Investment Analysis

(TN37 area)
Area Average
£305/sq ft
Avg Rent (weekly)
£239
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£6,000,000 - £8,000,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TN37)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 6.5%
5 year growth: 25.8%
Investment Disclaimer: Analysis based on TN37 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Care Home Site with PP, St Leonards On Sea
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£7,143
Based on a loan of £1,462,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE