Land Adjacent to, 27 Avon Crescent, Bicester

Description

Freehold Land of approximately 5,697 sq ft.

Location

Situated in a cul-de-sac off Greenwood Drive, close to the amenities available in Bicester Town Centre and travelling facilities including Bicester North and Bicester Village Train Stations.

Tenure / Property Information

Investment Analysis

The subject is approximately 5,697 sq ft of freehold land, with no accommodation, planning consent, development appraisal or rental evidence supplied. The five Land Registry comparables are completed sales of nearby houses ranging from £260,000 to £370,000 and are not directly comparable to the land. A land value, development GDV and maximum bid cannot therefore be supported from the evidence. The £5,000+ guide is subject to a £500 buyer fee if the lot sells below £10,000, or £1,500 if it sells for £10,000 or more, plus any applicable seller fees under the special conditions.

Investment Snapshot

Strategy Recommendation

Do not bid on investment calculations alone. Proceed only after satisfactory due diligence confirms a viable and sufficiently valuable use, planning position, access, services and title, with all auction and seller fees identified.

Works Required

No building or refurbishment works are evidenced. Before bidding, establish the planning position, lawful use, access, services, title constraints and development feasibility; these matters are not supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supported because there is no evidenced residential accommodation, planning consent, refurbishment scope, GDV or rental income. Refinance proceeds cannot be estimated.

Buy-to-Let Analysis

BTL analysis is not applicable on the supplied evidence: the property is land with no accommodation and no sufficiently specific rental comparable or auctioneer rent estimate.

Flip Analysis

A flip appraisal cannot be established. Nearby house sales provide context for the area but do not evidence the value of this undeveloped land, and no planning or development assumptions are supplied.

Investor Risks & Due Diligence

• No planning consent, permitted use or development potential is supplied.

• No accommodation or rental income is evidenced, so BTL and yield calculations are unavailable.

• The supplied comparables are house sales rather than land sales and cannot establish land value.

• Access, services, title restrictions and other development constraints are not supplied.

• Additional seller fees may be payable under the special conditions of sale.

• The buyer fee is £500 below a £10,000 sale price and £1,500 at £10,000 or above, affecting total acquisition cost.

Recommendation

Do not bid on investment calculations alone. Proceed only after satisfactory due diligence confirms a viable and sufficiently valuable use, planning position, access, services and title, with all auction and seller fees identified.

Strategy Rating

Analysis Confidence

The evidence confirms freehold land size, location, guide and buyer-fee structure, but provides no planning, permitted use, access, services, valuation, development appraisal, rent or directly comparable land sales.