Land adj 8 Fell View Cl, Aspatria, Wigton, Cumbria CA7 3BF

Description

Freehold land situated adjacent to 8 Fell View Close, currently grassed and fenced but considered suitable for alternative uses, subject to the required consents being obtained. All interested parties are advised to consult with the local planning authority with regard to their intended use, prior to bidding.

Accommodation

Freehold plot of land, currently grassed and fenced.

Location

Situated adjacent to 8 Fell View Close, Aspatria, Wigton, Cumbria CA7 3BF.

Tenure / Property Information

Investment Analysis

The supplied completed sales are houses on Fell View Close, not land plots, so they do not support a market value or GDV for this site. The plot is grassed and fenced and may have alternative uses only subject to the required consents. No planning evidence, plot area, access detail, development appraisal or land comparable is supplied.

Investment Snapshot

Strategy Recommendation

Do not bid on investment calculations alone. Proceed only after satisfactory planning and legal due diligence confirms a viable alternative use and an independently supportable land value.

Works Required

No physical works are evidenced. Required pre-bid work should be planning and legal due diligence, including confirming the intended use, planning position, access and any restrictions in the legal pack.

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 residential GDV, rental income, planning consent, works budget or refinance valuation for the land.

Buy-to-Let Analysis

BTL is not assessable because this is land with no accommodation and no sufficiently specific rental evidence. No rental yield can be established.

Flip Analysis

A flip appraisal cannot be calculated. The house sales supplied are not reliable evidence of the value of this land, and no supported alternative-use consent, GDV or selling allowance is provided.

Investor Risks & Due Diligence

• Alternative use is subject to required consents, which are not evidenced.

• No plot area, access information or planning history is supplied.

• The sold comparables are houses and may not support land valuation.

• No rental evidence or income-producing use is established.

• Buyer/admin charges include 2.75% including VAT subject to a £3,600 minimum, with possible further legal pack and disbursement costs.

• Special Conditions of Sale and other additional fees may increase total acquisition cost.

Recommendation

Do not bid on investment calculations alone. Proceed only after satisfactory planning and legal due diligence confirms a viable alternative use and an independently supportable land value.

Strategy Rating

Analysis Confidence

Key evidence is absent, including plot area, planning status, access, land comparables, intended use, GDV, costs and rental evidence. The supplied comparables are residential houses rather than land.