Land Adjacent to 8 Rushmead, Richmond, Surrey, TW10 7NW

Description

A Plot of Land Measuring Approximately 147 sq m (1,580 sq ft). The lot comprises a plot of land measuring approximately 147 sq m (1,580 sq ft). Plans have been drawn up for the erection of 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 make no representations or warranties with regard to this scheme and/or the validity of the aforementioned plans. Buyers must rely on their own enquiries with regard to any development potential, permissions required and any previous planning history in respect of this site.

Location

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

Tenure / Property Information

Investment Analysis

The supplied £585,000 sale for 8 Rushmead is a 2015 completed sale of a semi-detached freehold property, not a sale of this 147 sq m plot, and is not sufficient to establish the value of a proposed three-bedroom house. No planning application has been submitted, the drawings carry no warranty, and no planning, build-cost, sales-value or rental evidence is supplied. GDV and a maximum bid therefore cannot be reliably estimated. The stated guide is £10,000–£20,000, with a known £1,800 inc VAT administration charge, plus any applicable legal-pack disbursements or special-condition charges.

Investment Snapshot

Strategy Recommendation

Treat as speculative development land only. Proceed only after independent planning, legal, technical, build-cost and end-value due diligence; do not rely on the drawings or the nearby 2015 property sale as evidence of viability.

Works Required

Potential development of the approximately 147 sq m plot into a three-bedroom house in accordance with the available drawings, subject to planning permission, building regulations, technical design, construction-cost assessment and all required consents. No refurbishment allowance is applicable or supported by the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be underwritten. Planning permission, construction costs, completed value, rent and refinance valuation are all unsupported. The £1,800 administration charge is known, but other possible completion charges are not quantified.

Buy-to-Let Analysis

BTL cannot be assessed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The site is not an income-producing property based on the evidence provided, and any future letting depends on obtaining permission and completing development.

Flip Analysis

A flip analysis cannot be reliably completed. The proposed scheme has no submitted planning application, no supported build-cost estimate and no evidence-based completed-house GDV. The 2015 semi-detached sale at 8 Rushmead is not a sufficiently comparable land or new-build transaction.

Investor Risks & Due Diligence

• No planning application has been submitted for the proposed three-bedroom house.

• The auctioneer gives no warranty regarding the drawings or their validity.

• Development potential, required permissions and planning history must be independently investigated.

• No construction-cost evidence is supplied.

• No completed development sale evidence or reliable GDV evidence is supplied.

• No sufficiently specific rental evidence is available.

• Legal-pack disbursements and special-condition charges may be payable but are not quantified.

Recommendation

Treat as speculative development land only. Proceed only after independent planning, legal, technical, build-cost and end-value due diligence; do not rely on the drawings or the nearby 2015 property sale as evidence of viability.

Strategy Rating

Analysis Confidence

The evidence confirms the plot size, freehold tenure, guide range and administration charge, but provides no planning decision, valid planning comparables, construction costs, completed GDV, rent, finance assumptions or quantified additional charges.