Land adj. 25, Riley Drive, BANBURY, Oxfordshire, OX16 1BY

Description

This plot extends to approximately 2,080 sq.ft and adjoins residential property. Whilst the land is sold on an unconditional basis it could provide future development potential subject to all necessary consents. Buyers must rely solely on their own enquiries with regard to permissions that may be required for intended use or future development of the land. Site Area: 2,080 sq.ft. To View: This is an open parcel of land and prospective buyers may view at their leisure with no prior appointment required.

Location

The land is located off Riley Drive within this predominantly residential area yet within easy access of Banbury centre. There is a good range of both shopping facilities and recreational pursuits within Banbury. Transport links in the area are enhance due to the proximity of the M40 motorway whilst public transport services include local bus routes and a rail connection at Banbury.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: Development costs require site-specific appraisal. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Verify planning status, access, services and development constraints

Recommendation

Preferred strategy: Development. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Development: ★★★★☆

Buy-to-Let: ★★☆☆☆

Flip: ★★★☆☆