Land Adjacent 4 Chilworth Close, Chilworth, Southampton, SO16 7JJ

Description

Freehold plot with consent granted for the construction of a three-bedroom detached chalet bungalow, subject to conditions. Planning permission was granted by Test Valley Borough Council under reference 25/02280/FULLS, dated 2nd April 2026, for construction of a detached chalet bungalow with associated access, parking and landscaping, subject to conditions.

Accommodation

Ground floor: living/dining room, kitchen, two bedrooms and bathroom. First floor: main bedroom with en-suite shower room.

Location

Located in the attractive village of Chilworth, on the northernmost outskirts of Southampton.

Tenure / Property Information

Investment Analysis

Completed Land Registry sales on Chilworth Close range from £410,000 to £445,000, but the comparables are existing terraced and semi-detached houses rather than a newly built detached chalet bungalow. A base GDV of £425,000 is a cautious midpoint scenario within the local evidence range; £410,000 and £445,000 are used as low and high scenarios. Direct evidence for the consented design, build cost and completed new-build premium is unavailable.

Investment Snapshot

Strategy Recommendation

Treat as a conditional development/flip opportunity only. Obtain a full build-cost and planning-condition appraisal before bidding; do not rely on the GDV scenarios alone.

Works Required

Construct the consented three-bedroom detached chalet bungalow, including the permitted access, parking and landscaping. The planning permission is subject to conditions, which must be satisfied. No build specification or cost evidence has been supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be reliably underwritten without construction costs, total acquisition costs, finance costs, letting evidence and a completed valuation. At the base GDV scenario, 75% refinancing would provide an indicative £318,750 before considering lender criteria, costs and valuation risk.

Buy-to-Let Analysis

BTL cannot be assessed because no sufficiently specific rental evidence or auctioneer rent estimate is provided. Development and financing costs are also unavailable, so a rental yield cannot be established.

Flip Analysis

The plot has consent for a three-bedroom detached chalet bungalow and local completed sales provide a £410,000–£445,000 evidence range. However, construction costs, professional fees, finance, taxes, auction charges and selling costs are unknown, so a net development or flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Planning permission is subject to conditions, and compliance costs and requirements are not supplied.

• Construction, professional, finance, tax and selling costs are unknown, preventing a reliable maximum bid or profit calculation.

• The comparable sales are existing terraced and semi-detached houses, not directly comparable completed detached chalet bungalows.

• Auction administration, search, other non-optional fees, Stamp Duty, Land Registry fees and VAT may be payable, but amounts are not provided.

• The completed GDV may differ from the scenario range because the consented design and new-build characteristics are not directly evidenced by the comparables.

Recommendation

Treat as a conditional development/flip opportunity only. Obtain a full build-cost and planning-condition appraisal before bidding; do not rely on the GDV scenarios alone.

Strategy Rating

Analysis Confidence

Planning consent, tenure, accommodation and five nearby completed sales are supplied, but there is no build-cost evidence, rental evidence, detailed valuation evidence for a detached chalet bungalow, or confirmed auction and transaction charges.