Hawksworth Road, Reading, Berkshire, RG7 3XW

Description

Current vacant plot situated in the highly coveted location of Burghfield Common, in one of Berkshire's most sought-after neighbourhoods. Auction House have not visited or inspected the land. Purchasers are deemed to rely on their own enquiries regarding any possible development potential, planning and other consents or rights over the land, including adopted highways and public rights of way.

Accommodation

Approx. 260m² total area.

Location

Situated in Burghfield Common. Close to the M4 (Junctions 11 & 12), with easy access to the A4, A33, A340 and connections to the M3. The nearest railway stations are Theale and Mortimer, approximately 2–3 miles away, with Reading Station approximately 5–6 miles away. Heathrow Airport is approximately 27 miles away; Blackbushe and Southampton Airport are also nearby.

Tenure / Property Information

Investment Analysis

The evidence does not support a GDV or land valuation. The supplied comparables are completed sales of terraced houses and cannot be applied directly to this vacant 260m² plot. Development potential, planning, access, services, rights and restrictions remain unverified. The £250–£4,000 guide is not a market valuation.

Investment Snapshot

Strategy Recommendation

Treat only as a speculative land purchase. Proceed solely if legal and planning enquiries confirm a credible, financeable development or alternative use and the total acquisition cost remains acceptable after the £1,500 buyer premium, £900 administration charge and any disbursements.

Works Required

No works can be reliably specified from the evidence. The immediate requirement is purchaser-led legal, planning, access, highway, rights-of-way and services due diligence; the auctioneer has not inspected the land.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be assessed because there is no evidenced residential asset, planning consent, GDV, works budget or supported rental outcome. Refinancing at 75% of GDV is therefore unquantifiable.

Buy-to-Let Analysis

BTL analysis is not supportable. The property is vacant land with no stated accommodation or consent for residential use. The £1,499 pcm evidence relates to an advertised two-bedroom rental and cannot be applied to this plot. No rent or yield should be underwritten.

Flip Analysis

A flip appraisal cannot be established. The terraced-house comparables indicate local house sale prices only and do not evidence the value of this plot or a completed development. Selling allowance and development costs are also unavailable.

Investor Risks & Due Diligence

• No confirmed planning permission or development potential.

• Auction House has not inspected the land.

• Access, adopted highways, public rights of way, services and other rights or restrictions are unverified.

• The supplied residential comparables are not directly comparable to vacant land.

• Non-refundable £1,500 buyer premium and £900 administration charge apply, with possible additional disbursements and other legal or transfer costs.

• The plot has no evidenced residential accommodation, rent or refinance value.

Recommendation

Treat only as a speculative land purchase. Proceed solely if legal and planning enquiries confirm a credible, financeable development or alternative use and the total acquisition cost remains acceptable after the £1,500 buyer premium, £900 administration charge and any disbursements.

Strategy Rating

Analysis Confidence

The evidence lacks planning status, permitted use, access and services information, inspection findings, land comparables, development costs and a supported rental or GDV assessment.