Land adjacent to 12 Rochdale Lane, Heywood, Lancashire OL10 1PT

Description

A residential development opportunity comprising a roughly square parcel of land extending to approximately 142 Sq.M (169 Sq.Yds). The site benefits from approved planning permission for the construction of a new four bedroom detached house with rear balcony. Building work has already commenced on site through the dig and concrete fill of foundations which we understand has been signed off by building control. The sale represents an excellent opportunity for a local developer or self builder to acquire a "ready to go" site located in a popular residential location.

Accommodation

Approved planning permission for the construction of a new four bedroom detached house with rear balcony.

Location

The property is located at the junction of Rochdale Lane and Brierley Street, a short distance from Heywood town centre.

Investment Analysis

The site has approved permission for a new four-bedroom detached house with rear balcony, and foundation works are reported as commenced and understood to have building-control sign-off. However, no completed sales comparables, GDV evidence, planning documents, build-cost estimate or remaining-works schedule are supplied. Market value and development viability cannot therefore be quantified reliably.

Investment Snapshot

Strategy Recommendation

Proceed only as a conditional development or self-build opportunity after verifying the planning permission, building-control records, title and special conditions, and obtaining an independent GDV and detailed cost-to-complete appraisal.

Works Required

Complete the permitted four-bedroom detached house, including the approved rear balcony, and undertake all remaining construction, services, compliance and external works required by the approved scheme. The supplied evidence only confirms that foundations have been dug and concrete-filled.

Rental & Market Context

Potential BRRR Position

A BRRR appraisal is not quantifiable. GDV, remaining construction cost, finance costs, completed rent and refinance value are all unsupported. The reported planning permission and commenced foundations may reduce development-stage uncertainty, but the supplied evidence is insufficient to establish refinance or cash-left-in figures.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is currently development land rather than a completed lettable dwelling.

Flip Analysis

A flip appraisal cannot be calculated because no completed-sales comparables, GDV, remaining build-cost estimate or supported selling allowance is supplied. The £75,000+ guide and buyer fee alone do not establish a viable resale margin.

Investor Risks & Due Diligence

• No supported GDV or completed-sales comparables are supplied.

• No estimate of remaining construction or professional costs is supplied.

• The foundation sign-off is described as information the auctioneer understands rather than supported certification in the evidence.

• Additional fees may appear in the Special Conditions of Sale.

• The 1.8% buyer fee is subject to a £2,400 minimum, but the final purchase price is unknown.

• Planning permission details, conditions, expiry and any applicable obligations are not supplied.

Recommendation

Proceed only as a conditional development or self-build opportunity after verifying the planning permission, building-control records, title and special conditions, and obtaining an independent GDV and detailed cost-to-complete appraisal.

Strategy Rating

Analysis Confidence

Planning and foundation information is supplied, but there are no sales comparables, rental evidence, GDV, build-cost, finance-cost or detailed legal/planning documents to support the key financial calculations.