Land adjacent to 15, Aldrin Close, Nottingham, Nottinghamshire

Description

Freehold site extending to approximately 4,150 sq ft with future development opportunity subject to planning permission. The site is sold on an unconditional basis. The CGI and plans are indicative only and show potential development of three dwellings, subject to all necessary consents. Buyers must rely on their own enquiries regarding development potential and permissions required.

Location

The site is situated off Aldrin Close, north of Nottingham Centre, which provides a comprehensive range of shopping facilities and recreational pursuits. Nottingham is a vibrant and popular university location with good demand for a range of housing. The property is well located for transport links, especially Bullwell Station.

Tenure / Property Information

Investment Analysis

The property is a freehold development site of approximately 4,150 sq ft. The CGI and plans indicate potential for three dwellings, but this is expressly subject to planning permission and other consents, and the sale is unconditional. Nearby completed sales on Aldrin Close are semi-detached houses ranging from £170,000 to £215,000, but they do not establish the GDV of the proposed scheme because dwelling sizes, specification, layout, planning status and development costs are not supplied. A reliable land value, GDV and residual valuation cannot therefore be established from the evidence provided. The £1,800 inclusive-of-VAT contract documentation fee is known; additional seller fees may apply.

Investment Snapshot

Strategy Recommendation

Treat as a planning-led land opportunity only. Obtain independent planning, title, access, services, abnormal-cost and development appraisals before bidding; do not rely on the indicative CGI or plans.

Works Required

No works specification is provided. Any development would require the necessary planning permission and other consents, with design, construction and associated costs to be established through independent due diligence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be assessed reliably. Planning permission, scheme design, development costs, completed values and rental evidence are all unavailable. The unconditional purchase creates planning and execution risk before any refinance value could be supported.

Buy-to-Let Analysis

BTL analysis is not applicable on the supplied evidence because the asset is development land, no completed dwelling exists, and no sufficiently specific rental comparable or auctioneer rent estimate is provided. No rental yield can be established.

Flip Analysis

A development resale strategy is potentially indicated by the proposed three-dwelling concept, but the plans are indicative only and no consent is confirmed. The nearby house sales provide context but cannot support a scheme GDV without dwelling sizes and specifications. Development costs, professional costs, finance, selling costs and any applicable seller fees are also unknown, so flip surplus cannot be calculated.

Investor Risks & Due Diligence

• The site is sold unconditionally and development is subject to planning permission and all necessary consents.

• The CGI and plans are indicative only and do not establish an implementable three-dwelling scheme.

• No reliable GDV or residual land valuation can be derived from the supplied evidence.

• Development, professional, finance, infrastructure and other project costs are not provided.

• Additional seller fees may be payable under the Special Conditions of Sale.

• Access, services, title constraints and other site matters require independent buyer enquiries.

Recommendation

Treat as a planning-led land opportunity only. Obtain independent planning, title, access, services, abnormal-cost and development appraisals before bidding; do not rely on the indicative CGI or plans.

Strategy Rating

Analysis Confidence

The evidence confirms freehold land, approximate site area, guide price, known documentation fee and nearby house sales, but provides no planning consent, scheme details, development costs, rental evidence or confirmed seller fees.