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George Street, Featherstone
Marketed by:
Feather Smailes Scales LLP
8 Raglan St, Harrogate HG1 1LE, UK
01423 501211
Residential Building Site with Approval
George Street, Featherstone
For Sale
£80,000+
• Land
• Car parking provision is approved as part of the development.
Description
An exciting opportunity to acquire a residential building site which has approval under application number 25/02382/FUL. The approval allows for the demolition of existing garage and erection of 4 no. flats (Use Class C3), car parking and all associated works.
Accommodation
Erection of 4 no. flats (Use Class C3).
Tenure / Property Information
Parking |
Car parking provision is approved as part of the development. |
Services |
Mains services are understood to be available in the road, and it is believed that the property was previously connected. Any existing connections may have been disconnected due to non-use; prospective purchasers are advised to make their own enquiries with the relevant utility providers to verify availability and connection status. |
Investment Analysis
The £80,000 guide relates to a residential development site with approval for four C3 flats, parking and associated works. The supplied sold comparables are terraced houses on George Street, not development sites or flats, so they do not support a reliable GDV. One £850 pcm advertised rental is provided, but it is not identified as relating to these proposed flats and cannot support a project rent or yield appraisal. Additional costs and fees are stated but not quantified.
Investment Snapshot
Guide Price |
£80,000 |
Strategy Recommendation
Treat this as a planning-led development opportunity only. Obtain a full appraisal using the approved plans, independent GDV evidence, a contractor/QS build-cost estimate and all auction and professional fees before bidding.
Works Required
Demolish the existing garage and construct four C3 flats, approved car parking and all associated works in accordance with application 25/02382/FUL. Build costs, professional fees and other development costs are not supplied.
Rental & Market Context
|
Pcm Meaning Rent: Monthly Cost in Rental Listings — — Advertised asking rent |
£850 pcm |
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
6, George Street, Featherstone, Pontefract, Wakefield, Wf7 5bg |
£118,000 |
|
6, George Street, Featherstone, Pontefract, Wakefield, Wf7 5bg |
£110,000 |
|
14, George Street, Featherstone, Pontefract, Wakefield, Wf7 5bg |
£49,500 |
|
6, George Street, Featherstone, Pontefract, Wakefield, Wf7 5bg |
£140,000 |
|
10, George Street, Featherstone, Pontefract, Wakefield, Wf7 5bg |
£88,000 |
Potential BRRR Position
A BRRR assessment cannot be completed because GDV, construction costs, professional costs, completed rental evidence, finance costs and quantified auction charges are unavailable. The 75% GDV refinance figure is therefore unsupported.
Buy-to-Let Analysis
A BTL assessment cannot be completed reliably. The only rental evidence is an £850 pcm advertised asking rent with no confirmation that it relates to the proposed flats, and no unit sizes, final specification or operating costs are supplied.
Flip Analysis
A flip appraisal cannot be completed. The supplied comparables are completed sales of terraced houses rather than the proposed four-flat development, while construction costs, professional fees, selling costs and GDV are not provided.
Investor Risks & Due Diligence
• Four-flat GDV is unsupported by the supplied terraced-house comparables.
• Construction, professional and associated development costs are not supplied.
• Additional auction costs and fees are stated but unquantified.
• The £850 pcm rental evidence is only an advertised asking rent and is not linked to the proposed flats.
• Planning approval details, conditions and deliverability information beyond the application reference are not supplied.
Recommendation
Treat this as a planning-led development opportunity only. Obtain a full appraisal using the approved plans, independent GDV evidence, a contractor/QS build-cost estimate and all auction and professional fees before bidding.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Low |
Planning use and guide price are supplied, but there is no usable evidence for flat GDV, construction costs, development fees, completed rents, finance or quantified additional auction costs. The comparables are different property types.
Auction Details :
Feather Smailes Scales LLP
Auction Date :
19/11/26
Lot Number :
Property Location:
George Street, Featherstone
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