Land Adjacent to, 156 Ridyard Street, Little Hulton, Manchester

Description

Freehold land of approximately 1,868 sq ft. Plans have been prepared to create a three bedroom house. Copies of the proposed plans are available for inspection within the legal pack. McHugh & Co make no representations or warranties with regard to this scheme and/or the validity of the aforementioned plans. Buyers must rely on their own enquiries with regard to any development potential, permissions required and any previous planning history in respect of the site.

Location

Situated on Ridyard Street, close to local shopping and travelling facilities including Walkden Train Station. Blackleach Country Park is also nearby.

Tenure / Property Information

Investment Analysis

The site is approximately 1,868 sq ft of freehold land with prepared plans for a three-bedroom house, but the auctioneer expressly gives no warranty regarding the scheme, planning permissions, planning history or development potential. Sold comparables on Ridyard Street are existing houses ranging from £110,000 to £185,000, but they do not establish the GDV of an unconsented development site or the value of the proposed house. A supported GDV, works budget and maximum bid cannot therefore be calculated without verified planning information, detailed plans, construction costs and a suitable new-build comparable.

Investment Snapshot

Strategy Recommendation

Proceed only as a planning-led development opportunity after independently verifying the proposed scheme, planning position, title, access, services, build cost and resale evidence. Do not bid on the guide price alone.

Works Required

Undertake planning, title, access and development-potential due diligence. If the proposed scheme is confirmed as viable, construct the planned three-bedroom house; the evidence does not provide sufficient detail to specify construction works or costs.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis is not supportable at this stage. The proposed three-bedroom scheme is not confirmed as having planning permission, and there is no evidence for build cost, completed value, rent or refinance valuation. The buyer premium is £500 for a sale below £10,000 or £1,500 otherwise, with possible additional seller fees under the special conditions.

Buy-to-Let Analysis

BTL analysis cannot be established. The subject is vacant development land, no completed dwelling exists, and no sufficiently specific rental comparable or auctioneer rent estimate is provided. Build costs, finance costs and final property specification are also unknown.

Flip Analysis

A flip appraisal cannot be reliably calculated. Existing same-street house sales range from £110,000 to £185,000, but these are not sufficient evidence of the completed value of the proposed house. Construction costs, planning status, sale costs and the applicable completed-house specification are unavailable.

Investor Risks & Due Diligence

• The auctioneer gives no representation or warranty regarding the proposed scheme or validity of the plans.

• Planning permissions, previous planning history and development potential require the buyer's own enquiries.

• No construction or development cost evidence is provided.

• No sufficiently specific rental evidence or auctioneer rent estimate is provided.

• Additional seller fees may be payable under the special conditions of sale, but their amount is not provided.

• Existing house sales on Ridyard Street may not be directly comparable with the proposed development land or completed dwelling.

Recommendation

Proceed only as a planning-led development opportunity after independently verifying the proposed scheme, planning position, title, access, services, build cost and resale evidence. Do not bid on the guide price alone.

Strategy Rating

Analysis Confidence

The evidence confirms freehold land, approximate site area, prepared plans and nearby house sales, but provides no verified planning consent, detailed specification, development costs, rental evidence, GDV or complete fee schedule.