Land · EX12 2HY
For saleReduced £50k (−16.7%) on 20 AprListed 252 days
Opportunity summary
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About
THE SITE - EX12 2HU Positioned in an elevated setting overlooking the coastal town of Seaton in East Devon and offering estuary and coastal views, this development site extends to c.
0.26ha / 0.64 acres. Reserved matters planning approval ref.
15/1949/RES has been attained (and commenced) for the construction of a new detached dwelling on the western side of the site - the approved new three bedroom detached property has a gross internal floor area extending to c.
171sqm (1841sqft). On the eastern side of the site, detailed planning application ref. 24/1593/FUL was approved on 4th April 2025 for the "Erection of two detached residential units".
Each property is planned as a four bedroom, 1 ½ storey dwelling with floor areas extending to 190sqm (2045sqft) each. Interested parties may also wish to note that another planning approval (ref.
23/2222/FUL) was approved in February 2024 for a single detached dwelling of c. 204sqm (2200sqft) as an alternative to the two detached properties proposed on the eastern side of the site.
All new properties are proposed to be accessed via a private driveway off Marlpit Lane.
SEATON, EAST DEVON Located between the ancient harbour of Axmouth and the white cliffs of Beer, Seaton is a popular, bustling coastal town situated on the Jurassic Coast and Dorset and East Devon Coast World Heritage Site, within an Area of Outstanding Natural Beauty.
The renowned mile-long pebble beach with esplanade opens onto the waters of Lyme Bay.
The renowned Colyton Grammar School, one of the England's top state schools is located about 2 miles from the plot.
The county town of Exeter, with its international airport and direct access to the M5 motorway and A38 Devon Expressway, is some twenty miles to the west, and a mainline rail link to London Waterloo at Axminster is approximately seven miles distance.
There are also regular bus services from Seaton to Exeter. PLANNING East Devon District Council granted outline planning approval (ref.
12/0966/OUT for the construction of a dwelling on 10th September 2012. Subsequently, reserved matters approval (ref. 15/1949/RES) was granted on 3rd November 2015.
The Agents have on file a letter from East Devon dated 27th October 2017, confirming the discharge of all pre-commencement conditions and a material start on the site.
A further detailed planning application (ref. 23/2222/FUL) was approved on 8th February 2024 for a single detached dwelling on the eastern side of the site. Finally the latest application (ref.
24/1593/FUL) was approved on 4th April 2025 granting permission for two detached dwellings on the eastern side.
A comprehensive planning / technical information pack can be supplied electronically to interested parties on request.
COMMUNITY INFRASTRUCTURE LEVY & S106 The Agents are advised that there are no S106 or CIL payments applicable in relation to the approved reserved matters application (ref. 15/1949/RES).
However, the Agents understand the subsequent approvals (ref.
23/2222/FUL & 24/1593/FUL) are CIL liable - although self-builders are able to apply for exemption from this charge - please see the East Devon Council website for further information.
METHOD OF SALE The freehold site is offered for sale as a whole by private treaty, with offers invited at a Guide Price of £300,000. VIEWING - STRICTLY BY APPOINTMENT ONLY
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About DEVELOPMENT SITE FOR 3 DWELLINGS, Seaton, East Devon, EX12
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