Land Adjacent to 44 Silver Birch Grove, Trowbridge, Wiltshire

Description

A plot of land measuring approximately 309 sq m (3,322 sq ft). Plans have been drawn up for the erection of a three bedroom house. No planning application has been submitted for this scheme. Drawings of the proposed plans are available for inspection upon request. Auction House London makes no representations or warranties with regard to this scheme and/or the validity of the aforementioned plans. Buyers must rely on their own enquiries regarding development potential, permissions required and any previous planning history in respect of this site.

Accommodation

Plot of land measuring approximately 309 sq m (3,322 sq ft). Plans have been drawn up for the erection of a three bedroom house; no planning application has been submitted.

Location

The land is situated on a residential road close to local shops and amenities. The open spaces of Biss Meadow Country Park are within easy reach. Transport links are provided by Trowbridge rail station.

Tenure / Property Information

Investment Analysis

The plot is approximately 309 sq m and has drawings for a proposed three-bedroom house, but no planning application has been submitted and the auctioneer gives no warranty as to development potential or drawing validity. Local completed sales on Silver Birch Grove range from £190,000 to £285,000, but they are existing terraced, semi-detached and detached houses and are not sufficiently specific to establish a GDV for this unconsented plot. A reliable GDV, refurbishment/build cost and maximum bid cannot therefore be calculated from the evidence supplied.

Investment Snapshot

Strategy Recommendation

Treat as speculative development land only. Do not bid without satisfactory legal, planning, access, services and viability due diligence; the available evidence does not support a reliable bid or development appraisal.

Works Required

Undertake planning, highways and other due diligence first. If permission is obtained, construct the proposed three-bedroom house; the evidence does not specify build costs, specification or detailed works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be underwritten from the evidence. Planning permission is absent, build costs are unavailable, rent is unsupported and no reliable GDV can be established. The known £1,800 administration charge is payable in addition to the purchase price, while buyer premium and other possible charges are unspecified.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and yield cannot be established. The site is not an income-producing completed property and would require planning and construction before any letting strategy.

Flip Analysis

A flip appraisal is not supportable because the scheme has no submitted planning application, construction costs are unavailable and the completed-house comparables vary by property type. The £190,000-£285,000 local sales range is only contextual and cannot be treated as a GDV for this site.

Investor Risks & Due Diligence

• No planning application has been submitted.

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

• Development potential, required permissions and planning history must be verified by the buyer.

• Existing comparable sales are of completed homes with differing property types and are not sufficiently specific for a site GDV.

• Buyer premium amount is unspecified and additional search, seller, legal, transfer and disbursement charges may apply.

Recommendation

Treat as speculative development land only. Do not bid without satisfactory legal, planning, access, services and viability due diligence; the available evidence does not support a reliable bid or development appraisal.

Strategy Rating

Analysis Confidence

The evidence confirms plot size, tenure, proposed use and local completed sales, but lacks planning consent, validated drawings, build costs, rental evidence, services information, detailed legal information and specified buyer premium or other charges.