2 Birkmyre Avenue, Port Glasgow, Inverclyde

Description

Elevated development site extending to approximately 0.71 acres (0.29 hectares), with views north towards the Firth of Clyde. Previously occupied by commercial buildings, which have since been demolished, the site offers an opportunity for residential redevelopment. Planning permission was previously granted for ten houses and six flats. The southern section intended for the flats has since been sold. The proposals for the remaining land comprise one detached four-bedroom house and nine terraced houses, including seven three-bedroom and two two-bedroom homes. Planning documents can be viewed on Inverclyde Council’s website under reference IC/06/237R. Purchasers should confirm the consent’s current status and applicability to the land offered.

Accommodation

Proposed development comprising one detached four-bedroom house and nine terraced houses, including seven three-bedroom and two two-bedroom homes.

Location

The site is situated on the eastern side of Birkmyre Avenue, a short distance from its junction with Lilybank Road and to the south of Port Glasgow town centre. The surrounding area is predominantly residential, with Port Glasgow Bowling Club located next to the site. Port Glasgow is located within the Inverclyde area of Scotland, approximately 23 miles west of Glasgow and 5 miles southeast of Greenock. The town is well connected to Glasgow via the A/M8 motorway network and provides shopping, leisure and community facilities, schools and further education facilities.

Tenure / Property Information

Investment Analysis

The £60,000 guide is not assessable against completed sales because no comparable evidence, GDV evidence or development-cost appraisal is supplied. The site is approximately 0.71 acres and has historic planning information for ten homes, but consent status and applicability must be confirmed. The 3.6% buyer/admin charge is subject to a £3,600 minimum; at the guide price, the stated minimum applies.

Investment Snapshot

Strategy Recommendation

Proceed only after confirming planning status, title/site extent and obtaining a full development appraisal. Do not rely on the guide price alone.

Works Required

Verify current planning consent IC/06/237R and site boundaries, then obtain design, technical, infrastructure and construction-cost appraisals for the proposed one detached four-bedroom house and nine terraced houses.

Rental & Market Context

Potential BRRR Position

BRRR analysis cannot be established. The proposal is a development opportunity, but GDV, build costs, finance costs, planning status and refinance assumptions are unavailable.

Buy-to-Let Analysis

BTL analysis cannot be established. No completed residential units, supported rental evidence or development-cost data is provided.

Flip Analysis

A development resale surplus cannot be calculated because no GDV, construction budget, professional costs, finance costs or supported selling allowance is supplied.

Investor Risks & Due Diligence

• Historic planning consent may no longer be current or applicable to the land offered.

• The southern section intended for flats has been sold, requiring confirmation of the remaining site’s exact development scope.

• No construction, infrastructure, professional, finance or selling costs are provided.

• Special Conditions may impose additional search, legal, transfer or seller-cost charges.

• No market-value or completed-sales evidence is supplied.

Recommendation

Proceed only after confirming planning status, title/site extent and obtaining a full development appraisal. Do not rely on the guide price alone.

Strategy Rating

Analysis Confidence

No sales comparables, rental evidence, GDV, development costs or confirmed current planning consent are supplied.