Land adjacent to 39 Stanley Road, Mitcham

Description

A broadly level and rectangular parcel of land, formerly the garden of the vicarage. A grassed plot with a vehicular access to Stanley Road, and a road frontage of approximately 18m.

Location

Situated to the west side of Stanley Road, and at the rear of 42 to 44 Thirsk Road. A well established and popular residential area to the south east of Tooting centre. Tooting provides a broad range of shops, bars and restaurants. The green open spaces of Figges Marsh are to the south. Tooting Station - National Rail. Less than 0.5 miles from Tooting Station.

Tenure / Property Information

Investment Analysis

The £150,000 guide is the only stated pricing evidence. Nearby completed sales are residential properties at £560,000–£670,000 between 2018 and 2021, plus a former hall at £750,000, but these are not sufficiently comparable to a vacant land parcel. No planning consent, permitted development, accommodation schedule, services information or development appraisal is supplied, so land value, GDV and a supported maximum bid cannot be established.

Investment Snapshot

Strategy Recommendation

Proceed only after planning, access, services, title and development-feasibility due diligence. Do not rely on the nearby house sales to justify bidding.

Works Required

No refurbishment works are evidenced. Any development would require confirmation of planning potential, access rights, services, site constraints and an appropriate planning-led design before costs could be estimated.

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 residential GDV, refurbishment budget, rental evidence or refinance valuation. The guide excludes the auctioneer's buyer fee, and VAT or seller charges may apply.

Buy-to-Let Analysis

BTL is not assessable because the asset is vacant land with no accommodation and no sufficiently specific rental evidence. No rental yield can be calculated.

Flip Analysis

A flip appraisal cannot be supported because no planning permission, development scheme, build cost, completed GDV or selling allowance is provided. The nearby house sales are insufficiently comparable to value this land.

Investor Risks & Due Diligence

• No planning consent or development potential is evidenced.

• The residential sold comparables are not directly comparable to the vacant land.

• Access is described, but legal access rights and servicing arrangements are not evidenced.

• Buyer fees are unspecified, and VAT or other seller charges may apply.

• No development, construction or professional cost evidence is supplied.

Recommendation

Proceed only after planning, access, services, title and development-feasibility due diligence. Do not rely on the nearby house sales to justify bidding.

Strategy Rating

Analysis Confidence

The evidence confirms location, tenure, vacancy, access description and nearby sales, but provides no planning position, development potential, services, costs, GDV or rental basis.