Land adj. 35, Ockham Drive, ORPINGTON, Kent, BR5 3DT

Description

This parcel of land extends to approximately 1,635 sqft whilst sold on an unconditional basis, the land could hold potential for development. This could provide the opportunity for a buyer to consider developing this site subject to all necessary consents. All plans and CGI are indicative only. Buyers must rely only on their own enquiries with regard to any development potential and permissions required

Location

The property is situated on Ockham Drive. Public transport links are available with St Mary Cray Railway Station together with a network of local bus services serving the surrounding vicinity. Road links can be accessed via the A20 which provides direct access to the M20. Shopping amenities can be found locally with the Nugent Shopping Park with a further range of shops, bars and restaurants located in Dartford. Recreational pursuits include Saint Mary Cray Recreational Ground with further pursuits located north including Cray Valley Golf Course. Total site area: Approximately 1,635 sqft.

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: ★★★☆☆