Land Adjacent to 219 Whalley Drive, Bletchley, Milton Keynes

Description

An irregular shaped parcel of land situated in a predominantly residential area. The site extends to approximately 182 sq m (1,959 sq ft) or thereabouts. The land may be suitable for a variety of uses, subject to obtaining the necessary planning consents. Offers in excess of the guide price may be considered prior to the auction sale. External viewings only; no internal viewings will be arranged.

Location

Situated adjacent to 219 Whalley Drive, Bletchley, Milton Keynes, in a predominantly residential area.

Tenure / Property Information

Investment Analysis

The subject is a 182 sq m freehold land parcel in a predominantly residential area. The supplied sold comparables are neighbouring houses, not land transactions, so they do not support a land valuation or GDV. The description states that potential uses are subject to obtaining planning consent; no consent, development scheme, access, services, abnormal costs or plot-specific valuation evidence is supplied. The £9,000+ guide therefore cannot be tested against a supported market value.

Investment Snapshot

Strategy Recommendation

Treat as speculative planning-led land only. Obtain and review the legal pack, title, access and services information and establish planning feasibility and a residual land value before bidding.

Works Required

No physical works are specified. Any future development would require investigation of access, services, design, viability and the necessary planning consents; these cannot be costed from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not assessable. There is no supported GDV, planning consent, build specification, development cost, rental appraisal or refinance value. The known guide plus administration charge is £11,700 before any additional legal-pack costs, taxes or development expenditure.

Buy-to-Let Analysis

BTL is not assessable because the property is undeveloped land with no accommodation or supported rental evidence applicable to the site. The supplied house and flat asking rents cannot be applied to this parcel.

Flip Analysis

A flip appraisal cannot be supported because no planning consent, buildable scheme, development cost, resale value or selling allowance is provided. Nearby house sales cannot be used as a direct land GDV.

Investor Risks & Due Diligence

• Planning consent is not confirmed and potential uses are expressly subject to obtaining necessary consents.

• The supplied house comparables are not direct evidence of land value or achievable development GDV.

• Access, rights, services, title restrictions and development constraints are not provided.

• Additional legal-pack costs, taxes and any development expenditure are unknown.

• External viewing only limits inspection of the parcel and its boundaries or condition.

Recommendation

Treat as speculative planning-led land only. Obtain and review the legal pack, title, access and services information and establish planning feasibility and a residual land value before bidding.

Strategy Rating

Analysis Confidence

Basic location, area, tenure, guide and administration charge are supplied, but there is no planning position, land comparable evidence, development appraisal, access/services information or supported end value.