Compound 1, Suggitts Lane, Cleethorpes, South Humberside, DN35 7JJ

Description

A Plot of Land Measuring Approximately 60 sq m (646 sq ft)

Location

The land is situated on a residential road close to local shops and amenities. The open spaces of Cleethorpes Beach are within easy reach. Transport links are provided by Cleethorpes rail station.

Tenure / Property Information

Investment Analysis

The evidence confirms a freehold land plot of approximately 60 sq m (646 sq ft), but provides no planning permission, permitted use, access, services, restrictions or development appraisal. The sold comparables are residential houses on the same road and cannot support a land value or development GDV. The rental evidence is from unrelated postcodes and is not usable for this site.

Investment Snapshot

Strategy Recommendation

Do not bid on investment assumptions alone. Proceed only after satisfactory legal, planning, access and services due diligence confirms a viable use and supports a site-specific valuation.

Works Required

No physical works are evidenced. Before bidding, establish planning potential, lawful use, access, services, title restrictions and any development costs through the legal pack and relevant professionals.

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 GDV, planning basis, development scheme, rental evidence or refurbishment budget, so refinance proceeds and equity requirements cannot be calculated.

Buy-to-Let Analysis

BTL is not assessable because the asset is land with no accommodation or supported rental evidence. The supplied rental listings are from unrelated locations and cannot establish rent for this plot.

Flip Analysis

A flip or development resale case cannot be quantified. The house comparables on Suggitts Lane do not establish the value of this land, and no planning or build-cost evidence is supplied.

Investor Risks & Due Diligence

• No planning permission or development potential is evidenced.

• No lawful use, access, services or title restrictions are confirmed.

• Residential house sales on the road are not reliable land comparables.

• Buyer administration charge of £1,800 including VAT applies, with possible additional disbursements and other legal or transfer charges.

• The plot has no evidenced accommodation or rental income.

Recommendation

Do not bid on investment assumptions alone. Proceed only after satisfactory legal, planning, access and services due diligence confirms a viable use and supports a site-specific valuation.

Strategy Rating

Analysis Confidence

The property description confirms only freehold land size and location; key evidence on planning, use, access, services, restrictions, valuation and development costs is absent.