Building Plot Adjacent to 14 The Rookery, Madeley, Telford, Shropshire, TF7 5AW

Description

Description Description Opportunity to purchase a versatile building plot - planning consent has already been granted with regard to the following application TWC/2016/0668 for erection of a detached dwelling to provide 2no two bedroom apartments associated car parking and landscaping. Alongside that, a pre-app has also been submitted for the erection of a detached two bedroom bungalow and received a positive response. Ground work has commenced. There are local amenities and schooling within easy reach of this location. *NOTE: The image of the proposed bungalow is provided for illustration only. The drawing has been submitted to support the pre planning application to vary the approved consent for the erection of the apartments. Planning permission for the construction of the bungalow is not yet approved.* Tenure Freehold

Location

Building Plot Adjacent to 14 The Rookery, Madeley, Telford, Shropshire, TF7 5AW

Investment Analysis

Investment Snapshot

Strategy Recommendation

Preferred strategy: Development. Confirm this against the legal pack, inspection, finance and local market evidence before bidding.

Works Required

• Obtain a condition / structural survey

• Electrical and heating checks

• Allow for decoration and repairs

• Verify planning status, access, services and development constraints

HB initial works allowance: £15,000–£40,000. This is an investment-feasibility allowance, not a contractor quotation.

Rental & Market Context

No reliable current rent is stated in the supplied scrape.

GDV / Resale Analysis

HB indicative post-works / stabilised value range: £94,500–£140,000. This is an appraisal estimate only, not a RICS valuation. Verify against recent genuinely comparable sold evidence.

Properties Sold Within Approx. 5 Miles

Specific sold transactions are not contained in the supplied scrape, so no unverified addresses or sold prices have been inserted. Check recent Land Registry / local comparable evidence before setting a maximum bid.

Potential BRRR Position

A standard residential BRRR refinance is not the primary strategy. Appraise development costs, planning, professional fees, finance and completed-unit GDV separately.

Flip Analysis

HB's broad indicative developed/value-add range is £94,500–£140,000, but development profit must be calculated only after build costs, professional fees, finance, planning obligations and sales costs.

Investor Risks & Due Diligence

• Review the full legal pack, title and special conditions

• Confirm buyer's premium / auction administration charges and completion timetable

• Obtain a suitable condition or structural survey

• Verify refurbishment quotations and contingency

• Verify current rental evidence and recent comparable sales

• Confirm lender requirements, valuation and exit finance

• Verify planning, access, services, CIL/S106 and development constraints

Recommendation

Initial recommendation: Development. Proceed only if the legal pack, condition, funding and exit-value evidence support the proposed maximum bid.

Strategy Rating

Development: ★★★★☆ | Resale: ★★★☆☆ | Buy-to-Let: ★☆☆☆☆