Development site at, 66, Main Road, ALFRETON, Derbyshire, DE55 4NY

Description

Outline application with all matters reserved for residential development at Bridge Waste Disposal 66 Main Road Pye Bridge for 17 units (Ref:AVA/2022/0628) Description A freehold development site located at Pye Bridge, Alfreton with outline planning permission granted. The proposed development is for 17 units, which includes parking for each unit, with all matters reserved. Pye Bridge is located approximately 3 miles from the centre of Alfreton which has an array of amenities including supermarkets, restaurants, retail shops and a train station. Conveniently positioned for easy access to the A38 which has connections with the M1, making a number of cities commutable, including Derby, Nottingham, Sheffield and Chesterfield. The development site offers a very attractive GDV, and it will appeal to developers looking for a residential multi-unit development opportunity and with scope to ‘tweak’ the planning to suit. We understand that there aren’t currently any services connected at the si

Location

Property located at Development site at, 66, Main Road, ALFRETON, Derbyshire, DE55 4NY.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: Development costs require site-specific appraisal. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Verify planning status, access, services and development constraints

Recommendation

Preferred strategy: Development. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Development: ★★★★☆

Buy-to-Let: ★★☆☆☆

Flip: ★★★☆☆