Land adj to 20 St Kentigerns Way / Church View, Aspatria, Wigton, Cumbria CA7 3BY

Description

Freehold plot of land situated Land adj to 20 St Kentigerns Way / Church View, in a residential area. Considered suitable for a variety of 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

Location

Situated in a residential area adjacent to 20 St Kentigerns Way / Church View, Aspatria, Wigton, Cumbria.

Tenure / Property Information

Investment Analysis

The supplied sold comparables are houses on St Kentigerns Way, not comparable land transactions, and cannot establish a land value or development GDV. The plot’s size, planning status, access, services, permitted use and development potential are not provided. No supported GDV, rental value or maximum bid can therefore be calculated. The £2,000 guide is subject to a minimum £3,600 administration charge, plus any unspecified buyer premium and disbursements.

Investment Snapshot

Strategy Recommendation

Do not bid on investment assumptions alone. Proceed only after satisfactory legal and planning due diligence confirms a viable use and an independently supportable land value; otherwise, pass.

Works Required

No physical works are evidenced. Required activity is planning and legal due diligence, including confirming the plot’s dimensions, access, services, ownership boundaries, permitted use and whether any proposed use could obtain the necessary consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is unsupported because there is no evidenced dwelling or consented development, no refurbishment scope, no GDV and no refinance valuation. The minimum stated administration charge alone is £3,600, exceeding the £2,000 guide, before any buyer premium or disbursements.

Buy-to-Let Analysis

A BTL assessment is not applicable on the supplied evidence. No dwelling, planning consent, accommodation specification or rental evidence is provided, so rent and yield cannot be established.

Flip Analysis

A flip analysis cannot be supported. The house sales, ranging from £150,000 to £250,000, are not direct land comparables and do not establish the value of this plot. No development scheme, consent, build cost, resale GDV or selling allowance is evidenced.

Investor Risks & Due Diligence

• The intended use is expressly subject to required consents, with no planning consent or application evidenced.

• Plot dimensions, access, services and boundary information are not supplied.

• The residential house comparables are not direct land comparables.

• The minimum administration charge is £3,600, with buyer premium and disbursements unspecified.

• No rental evidence or development appraisal is available.

• The legal pack may contain additional purchaser costs, including searches, seller-cost reimbursement, legal fees and transfer fees.

Recommendation

Do not bid on investment assumptions alone. Proceed only after satisfactory legal and planning due diligence confirms a viable use and an independently supportable land value; otherwise, pass.

Strategy Rating

Analysis Confidence

The evidence confirms freehold land in a residential area and provides a guide price and fee structure, but omits plot size, planning position, services, access, valuation evidence, intended use, costs and rental or development data.