Land adj. 2, Alder Close, TROWBRIDGE, Wiltshire, BA14 0JJ

Description

Freehold potential infill plot (stpp). Site area 2,790 sq. ft. Development opportunity subject to planning permission. The site is sold on an unconditional basis and, subject to the necessary consents, could hold potential for an infill development of a single two-floor dwelling.

Location

The site is located within a cul-de-sac adjoining residential dwellings in a popular area of housing just south of Trowbridge town centre. Trowbridge is situated on the River Biss in the west of Wiltshire, close to the border with Somerset, and is located 8 miles south-east of Bath, 31 miles south-west of Swindon and 20 miles south-east of Bristol. The town provides shopping and recreational facilities, transport links between the A36 and A350, and a rail station.

Tenure / Property Information

Investment Analysis

Recent completed sales on Alder Close range from £233,000 to £247,500 for terraced freehold dwellings, with the two latest sales at £242,000 and £247,500. A base GDV of £242,000 is used as an evidence-supported proxy for a completed dwelling, but the proposed dwelling’s size, specification and planning consent are unknown, so this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Treat as a planning-led development opportunity only. Do not rely on the £8,000 guide as an investable maximum bid until planning feasibility, build costs, title and all special-condition fees are verified.

Works Required

Obtain planning permission and other necessary consents, then design and construct a single two-floor dwelling if consent is granted. No reliable build-cost or site-preparation allowance is supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be underwritten from the evidence. The purchase price, £1,800 inclusive contract documentation fee and any seller-charged fees would be identifiable, but planning, build costs, finance costs, completed value certainty and refinance terms are unavailable.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The site is also sold without planning consent and is not currently described as an income-producing property.

Flip Analysis

The nearby completed dwelling sales support an indicative completed-value range of £233,000 to £247,500, with £242,000 used as base GDV. A flip surplus cannot be calculated because development costs, professional costs, finance, selling costs and planning outcome are unsupported.

Investor Risks & Due Diligence

• Development is subject to planning permission and other necessary consents.

• The site is sold on an unconditional basis, so the buyer bears planning risk.

• No supported build, professional, finance or selling-cost estimates are available.

• The proposed dwelling’s size and specification are not provided, limiting the reliability of the GDV proxy.

• A £1,800 inclusive contract documentation fee is payable, and the seller may charge additional completion fees under the Special Conditions of Sale.

Recommendation

Treat as a planning-led development opportunity only. Do not rely on the £8,000 guide as an investable maximum bid until planning feasibility, build costs, title and all special-condition fees are verified.

Strategy Rating

Analysis Confidence

Exact-location completed sales support a broad potential completed-value proxy, but there is no planning consent, dwelling specification, development-cost evidence, rental evidence or complete fee schedule.