Planning permission granted for four substantial detached homes
Land at 43 Hurst Farm Road, East Grinstead, RH19 4DQ | Guide Price £600,000
A rare development opportunity has come to the market in East Grinstead, West Sussex, offering developers the chance to acquire approximately 2 acres of freehold land with planning permission already granted for four substantial detached homes.
The site is being offered with a guide price of £600,000 and could provide an exciting opportunity for a developer to create four high-quality family homes in a sought-after location.
A development opportunity with planning in place
One of the biggest attractions of this site is that planning permission has already been granted.
The approved scheme allows for the construction of four detached dwellings, together with access, parking and associated landscaping.
For developers, having planning permission already in place can provide greater certainty and allow the focus to move towards the delivery of the scheme, subject of course to the purchaser’s own due diligence and any required approvals.
The generous circa 2 acre site provides an excellent setting for the proposed homes, which are aimed towards the executive end of the local residential market.
View the full listing here.
Strong potential for value creation
The proposed development has an estimated Gross Development Value (GDV) of approximately £3.95 million*.
The indicative values for the four homes are:
- Unit 1: Circa £900,000
- Unit 2: Circa £975,000
- Unit 3: Circa £975,000
- Unit 4: Circa £1.1 million
Based on the current estimates, the completed development could therefore generate almost £4 million in total sales value.
Estimated costs are currently around £2.9 million*, including the £600,000 land purchase, approximately £1.8 million in build costs and around £500,000 for site works.
This gives an estimated potential gross profit of approximately £1.05 million*
Why East Grinstead?
The location is another major attraction.
East Grinstead is a popular West Sussex town known for its attractive residential areas, excellent amenities and good transport connections. The town offers a mix of independent shops, restaurants, cafés and everyday services, centred around its historic High Street.
The site is also conveniently positioned for access to Turners Hill Road, while the surrounding area offers a blend of established residential neighbourhoods and open countryside.
With access to well-regarded schools and transport links to surrounding towns and employment hubs, East Grinstead continues to appeal strongly to families looking for quality homes in the South East.
This makes the proposed four-home development particularly well suited to buyers seeking large, modern family properties in an established location.
A chance to create something special
For developers, opportunities combining planning permission, a sizeable site and strong potential end values can be difficult to find. This site offers the chance to take an existing consented scheme and turn it into four substantial executive homes, creating a high-quality development in an attractive part of West Sussex.
With a £600,000 guide price, an estimated £3.95 million* GDV and potential gross profit of around £1.05 million*, it is an opportunity that is likely to attract interest from developers and investors looking for their next project.
Interested in the opportunity?
Whether you’re an experienced developer, housebuilder or investor, Land at 43 Hurst Farm Road represents an exciting opportunity to acquire a consented residential development site in East Grinstead.
Register your interest today and find out more about this development opportunity.
*All figures are provided as an estimated indication only and prospective purchasers should rely on their own due diligence and cost assessments before entering into any agreements.