Access Road @ Crookston road, London, SE9 1YQ

Description

Current vacant plot situated in the highly coveted location of Greenwich. In one of London's most sought-after neighbourhoods. Auction House have not visited or inspected the land. Purchasers are deemed to rely on their own enquiries regarding any possible development potential for this individual plot in respect of planning and any other consents or rights over the land, including adopted highways and public rights of way. The land is approximately 130m² and includes access roadway rights, secure access to private land and private allotments.

Location

Greenwich, London; described as a highly affluent and very desirable area.

Tenure / Property Information

Investment Analysis

The supplied completed sales are semi-detached houses on Crookston Road (£535,000–£700,000), not land, so they do not establish a market value or development GDV for this approximately 130m² plot. The highly desirable location is described by the evidence, but no planning consent, valuation, access-rights assessment or development appraisal is supplied. The £200–£1,000 guide is therefore not evidence of land value or resale value.

Investment Snapshot

Strategy Recommendation

Only consider a speculative land purchase after reviewing the legal pack and independently confirming planning potential, lawful access and all rights. Do not rely on the nearby house sales as land GDV evidence; withdraw if these matters cannot be verified.

Works Required

No physical works can be supported from the evidence. The essential work is pre-purchase due diligence covering planning and other consents, access roadway rights, private-land access, allotment rights, adopted highways, public rights of way and the legal pack. The auctioneer has not inspected the land.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not assessable. There is no supported residential scheme, planning permission, GDV, works budget, rent or refinance valuation. The known buyer premium and admin charge total £1,800 including VAT, before any disbursements or other legal and transfer costs, but the purchase price is unknown until bidding.

Buy-to-Let Analysis

BTL is not assessable. No accommodation, planning consent, rental comparable or auctioneer rent estimate is provided, so no supported rent or yield can be calculated. The plot should not be treated as income-producing residential property on the supplied evidence.

Flip Analysis

A flip appraisal cannot be established. The supplied house sales are not directly comparable to vacant land, and no planning-led development value, build specification, costs, sales allowance or resale evidence for the plot is provided. Any development or resale value remains unquantified pending legal, planning and technical due diligence.

Investor Risks & Due Diligence

• The auctioneer has not visited or inspected the land.

• Planning and other development consents are entirely unconfirmed.

• Access roadway rights, private-land access, allotment rights, adopted highways and public rights of way require independent verification.

• The supplied sold comparables are semi-detached houses rather than comparable land transactions.

• No rental evidence or income use is established.

• Disbursements and possible search, seller, legal and transfer costs may be payable in addition to the stated £1,800 buyer and admin charges.

• The plot is vacant and no accommodation or existing income is evidenced.

Recommendation

Only consider a speculative land purchase after reviewing the legal pack and independently confirming planning potential, lawful access and all rights. Do not rely on the nearby house sales as land GDV evidence; withdraw if these matters cannot be verified.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, vacancy, approximate area, guide and certain access/right-related caveats, but provides no inspection, planning position, land comparable, development appraisal, rent, costs or GDV.