Amenity land to the south of Broadside Park Farm, Lowestoft Road, Reydon, Southwold, Suffolk

Description

A parcel of amenity land extending to approximately 0.21 acres (stms), situated within an established rural setting and surrounded by open fields and agricultural land. The land offers a useful parcel for a variety of amenity, recreational or horticultural purposes, subject to any necessary consents and restrictions. The predominantly level nature of the site provides a number of potential uses. The boundaries and position of the parcel are shown approximately on the accompanying plan.

Location

Situated to the south of Broadside Park Farm, Lowestoft Road, Reydon, Southwold, Suffolk, within an established rural setting and surrounded by open fields and agricultural land.

Tenure / Property Information

Investment Analysis

The parcel is approximately 0.21 acres of amenity farm land. The two supplied completed sales at Broadside Park Farm were £9,180 and £17,901 in October 2018, but both were classified as “Other” and are not sufficiently specific to establish a current value for this parcel. The £1,000 guide is materially below those historic figures, but the guide excludes the £960 buyer premium, £1,200 administration charge and any further disbursements. No supported residential, development or income value can be established from the evidence.

Investment Snapshot

Strategy Recommendation

Treat only as a speculative amenity-land acquisition, subject to satisfactory legal-pack, planning, access, boundary and restriction due diligence. Do not assess it as a BTL, BRRR or conventional flip. Avoid bidding above the guide without stronger evidence of usable rights or market value.

Works Required

No building or condition-related works are evidenced. The key requirements are legal-pack review and confirmation of permitted amenity, recreational or horticultural uses, planning position, restrictions, access, services and precise boundaries. Any required works or consents are unknown.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not applicable on the supplied evidence. There is no supported residential asset, refurbishment scope, rental income or GDV against which refinancing could be assessed. The known guide-price acquisition cost including the stated buyer premium and administration charge is £3,160, before any further disbursements.

Buy-to-Let Analysis

BTL is not supported by the evidence. This is amenity farm land with no dwelling or accommodation, and the supplied £1,100 pcm listing relates to a separate three-bedroom property and cannot be applied. No rent or residential yield can therefore be established.

Flip Analysis

A flip analysis cannot be completed because no current GDV, planning uplift, development consent, selling costs or supported resale value is provided. The historic comparables are insufficiently specific and dated October 2018.

Investor Risks & Due Diligence

• Permitted amenity, recreational or horticultural uses may require consents or be subject to restrictions.

• The parcel boundaries and position are shown only approximately on the accompanying plan.

• Additional search fees, seller-cost reimbursement, legal fees, transfer fees and other disbursements may be payable but are not quantified.

• The supplied comparable sales are from 2018, classified as “Other” and do not establish a reliable current value for this specific 0.21-acre parcel.

• The land has no evidenced accommodation or rental income, so residential investment returns cannot be assessed.

Recommendation

Treat only as a speculative amenity-land acquisition, subject to satisfactory legal-pack, planning, access, boundary and restriction due diligence. Do not assess it as a BTL, BRRR or conventional flip. Avoid bidding above the guide without stronger evidence of usable rights or market value.

Strategy Rating

Analysis Confidence

The guide, known auction charges, approximate area, tenure and two historic same-location sales are provided, but there is no current land valuation, planning information, legal-pack detail, rent, GDV, access information or confirmed permitted use.