Land Adjacent to Birchfields Crescent &, Birchfield Garth, Leeds, West Yorkshire, LS14 2HZ

Description

Parcel of land situated within a residential area. Potential development opportunities. Set within a predominantly residential suburb on the outskirts of Leeds is this parcel of land offering potential development opportunities subject to any necessary consent. The site is currently open grass land. The land is offered for sale with no planning permission and prospective purchasers should satisfy themselves as to any development potential or alternative uses by making their own enquiries with the relevant planning authority and reviewing all documentation contained within the legal pack prior to bidding.

Location

Approximately 5 miles east of Leeds City Centre, with easy access to the A64 York Road, M1 motorway and A1(M), providing connections to Leeds, York and the wider Yorkshire region. Local amenities include Colton Retail Park, located a short drive away.

Tenure / Property Information

Investment Analysis

The subject is an open grass parcel of freehold land with no planning permission. The supplied sold comparables are completed sales of nearby detached and semi-detached houses, ranging from £188,000 to £305,000, and do not provide a reliable land valuation or evidence of achievable development value. The £40,000 guide plus the £1,800 contract documentation fee is therefore not sufficient to calculate value, viability or a supported maximum bid. Any development potential remains subject to planning consent and due diligence with Leeds City Council and review of the legal pack.

Investment Snapshot

Strategy Recommendation

Only consider bidding after independent planning, access, title and legal-pack due diligence confirms a credible development or alternative-use opportunity. Do not underwrite it as a BTL or flip without consent and a scheme appraisal.

Works Required

No refurbishment works are evidenced. The necessary actions are planning and development due diligence, including establishing whether any residential or alternative use is acceptable, reviewing access and legal documentation, and obtaining any required consents. No planning permission is currently in place.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be established. There is no evidenced dwelling, planning consent, refurbishment budget, GDV or supported refinance value. The known acquisition-related cost is the £40,000 guide plus the £1,800 contract documentation fee, with any seller fees unspecified.

Buy-to-Let Analysis

BTL analysis is not applicable on the supplied evidence because the asset is land with no accommodation, no planning permission and no supported rental use. The £1,000 pcm advertised one-bedroom rental relates to rental-market evidence but cannot be applied to this undeveloped parcel.

Flip Analysis

A flip appraisal cannot be supported because there is no planning permission, development scheme, build-cost evidence, completed development value or selling-cost allowance. Nearby house sales are not directly comparable to the land.

Investor Risks & Due Diligence

• No planning permission is in place.

• Development potential is expressly subject to necessary consent and purchaser enquiries.

• The supplied sold comparables are houses rather than land and cannot substantiate a land GDV.

• No site area, access position, servicing information or development scheme is supplied.

• Additional seller fees may be payable under the Special Conditions of Sale.

• The advertised £1,000 pcm one-bedroom rent cannot be applied to the undeveloped land on the supplied evidence.

Recommendation

Only consider bidding after independent planning, access, title and legal-pack due diligence confirms a credible development or alternative-use opportunity. Do not underwrite it as a BTL or flip without consent and a scheme appraisal.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, location, guide price, fee and absence of planning permission, but provides no site area, planning assessment, access detail, development scheme, build costs, land comparables or consented end value.