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See how verdicts workHouse · TN40 2QP
Listing removedListed 425 days
Opportunity summary
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About
* development opportunity * An investment opportunity to acquire a derelict oast house set within approximately 0.8 acres of ground offering potential for development or conversion/reinstatement subject to any necessary consents.
Positioned along a farm track in a semi-rural location.
The site adjoins an allocated development site that forms part of Bexhill expansion close to an attractive complex of barns that has recently been converted into new homes.
The oast house is in a significant state of disrepair but may offer the potential for a sympathetic restoration or the redevelopment of the whole site, subject to obtaining any necessary consents.
The site adjoins an allocated development area with Right of Way access over a farmtrack, subject to maintenance contributions.
Utilities including water and electric are available in the immediate vicinity and the sale will be subject to certain uplift provisions imposed by the original land owner.
Overage There is a an overage in place, further details available through the agents. Offers Unconditional offers are invited in excess of £175,000.
Location The site is located towards the end of a little used farm track and extends to approximately 0.8 acres, partly tree-lined and lying as scrubland with the oast house located in the west corner.
Illustrative Plan Indicative site layout, subject to planning approval.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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
Agent & docs
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FAQ
About Worsham Oast, Worsham Lane, BEXHILL-ON-SEA
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