Land adj. 95, Upper Luton Road, CHATHAM, Kent, ME5 7BJ

Description

This parcel of land extends to approximately 1,360 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. Buyers must rely only on their own enquiries with regard to any development potential and permissions required. To view: By application to the site during daylight hours.

Location

Situated between numbers 93-95, almost opposite the junction with Ambrose Hill, to the south east of historical Chatham town centre. Transport options include local bus routes, road connections via the A2 and M2 and rail options at Chatham or Gillingham rail stations. Medway Maritime Hospital is situated to the north and the town centre provides a range of shopping or other amenities Total site area: Approximately 1,360 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: ★★★☆☆