Land Adjacent to 5 The Circle, Tilbury, Essex, RM18 7RS

Description

A plot of land measuring approximately 187 sq m (2,013 sq ft). Plans have been drawn up for the erection of a detached dwelling. 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 the site.

Accommodation

Plot of land measuring approximately 187 sq m (2,013 sq ft).

Location

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

Tenure / Property Information

Investment Analysis

Guide price is £50,000 plus fees. The supplied completed sales are terraced houses, not development land or the proposed detached dwelling, so they do not support a reliable GDV. No planning application has been submitted and the proposed scheme, build costs and resale evidence are insufficient for numerical appraisal.

Investment Snapshot

Strategy Recommendation

Proceed only after independent planning, legal, title, access, services and viability due diligence. Do not bid on a numerical development appraisal until GDV and total project costs are evidenced.

Works Required

Potential development of the 187 sq m plot with a detached dwelling, subject to planning approval, technical design, statutory consents and verified build-cost quotations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Not currently assessable. Planning, development costs, completed value and post-construction rent are unknown. The £1,800 buyer administration charge is known, but other special-condition costs may also apply.

Buy-to-Let Analysis

Not currently assessable. The asset is vacant land, no completed dwelling is evidenced, and no sufficiently specific rental comparable or auctioneer rent estimate is supplied.

Flip Analysis

Not currently assessable. The terraced-house comparables indicate local sale activity but are not reliable evidence for the value of an unconsented plot or proposed detached dwelling. No supported GDV, build cost or selling allowance is available.

Investor Risks & Due Diligence

• No planning application has been submitted.

• Auctioneer gives no warranty regarding the proposed plans or development potential.

• Buyers must independently investigate permissions, planning history and required consents.

• The proposed dwelling specification is not supplied.

• Build costs, professional fees, finance costs and resale value are unsupported.

• Special conditions may require additional search, legal, transfer or seller-cost payments.

• The supplied sold comparables are terraced houses rather than development land or a detached dwelling.

Recommendation

Proceed only after independent planning, legal, title, access, services and viability due diligence. Do not bid on a numerical development appraisal until GDV and total project costs are evidenced.

Strategy Rating

Analysis Confidence

The evidence confirms plot size, tenure, guide price and nearby house sales, but provides no planning decision, detailed scheme, build cost, GDV, rental evidence or complete fee schedule.