Development Site @ Land Adjacent to Highbanks, The Street, Stowey, Somerset

Description

A freehold level building plot comprising 0.27 acres with vehicular access. Planning in principle has been granted under reference 25/00872/PIP for the erection of two semi-detached dwellings with parking and generous gardens. A positive pre-application from November 2025 supports a scheme for a large single dwelling. The planning proposal refers to demolition of the existing detached annex, which the auctioneer understands has already been demolished.

Accommodation

Development site with planning in principle for two semi-detached dwellings, or a potential large single dwelling supported by a positive pre-application.

Location

Stowey is a small village within the Chew Valley, south of Chew Valley Lake and north of the Mendip Hills, approximately 10 miles south of Bristol. Nearby Bishop Sutton provides amenities including a supermarket, hairdressers, pub and Post Office/convenience store. The area has access to local schools, countryside, bus services, Bristol Temple Meads and Bath Spa railway stations, the M4 and M5, and Bristol International Airport.

Tenure / Property Information

Investment Analysis

The supplied Land Registry comparables are completed freehold houses in Stowey, selling for £690,000–£795,000 in 2024–2025. They do not establish the value of this 0.27-acre development site or the completed value of either the two-dwelling or single-dwelling option because accommodation sizes, specifications, planning conditions and build costs are not supplied. A reliable GDV, project cost or maximum bid cannot therefore be calculated.

Investment Snapshot

Strategy Recommendation

Proceed only as a planning-led development opportunity after confirming the planning-in-principle conditions, viability of the two-dwelling or single-dwelling option, access and detailed build costs. Do not bid on yield assumptions.

Works Required

Develop the level 0.27-acre plot in accordance with the planning-in-principle proposal for two semi-detached dwellings with parking and gardens, or pursue the potential large single-dwelling scheme supported by the November 2025 positive pre-application. The existing detached annex is understood by the auctioneer to have been demolished. Detailed construction scope and costs are not supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be quantified because there is no supported GDV, build-cost allowance, completed accommodation specification or rental evidence. The strategy would require detailed planning, construction-cost and valuation due diligence before bidding.

Buy-to-Let Analysis

BTL analysis cannot be established. No sufficiently specific rental evidence or auctioneer rent estimate is supplied, and the proposed accommodation is not yet built.

Flip Analysis

A development resale strategy may be possible, but the supplied completed-house comparables cannot reliably determine the completed GDV for the proposed scheme. No build costs, professional fees, finance costs, selling allowance or detailed accommodation schedule are supplied, so flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Planning in principle is not the same as a detailed implementable planning permission.

• The alternative large single-dwelling proposal is supported only by a positive pre-application response, not a consent.

• The supplied comparables are completed houses and may not be directly comparable to the proposed development.

• No build-cost, professional-fee, finance-cost or selling-cost evidence is supplied.

• No sufficiently specific rental evidence is available.

• Completion is required within 8 weeks or earlier by mutual consent.

• The auctioneer's understanding that the detached annex has been demolished should be verified.

Recommendation

Proceed only as a planning-led development opportunity after confirming the planning-in-principle conditions, viability of the two-dwelling or single-dwelling option, access and detailed build costs. Do not bid on yield assumptions.

Strategy Rating

Analysis Confidence

The evidence confirms ownership type, site area, access and planning context, with relevant local completed-house sales, but lacks detailed plans, planning conditions, floor areas, build costs, professional fees, finance assumptions, rental evidence and a supported GDV.