Land adjacent to The Grapes, 39 Fairfield Street, London, London SW18 1DX

Description

A building plot close to Wandsworth train station with planning permission for the development of a two storey detached house. A plot of land with planning permission for the development of two storey detached house - The main bedroom and ensuite on the first floor. On the ground floor, a second bedroom, a home office/third bedroom, main bathroom, hallway and open plan kitchen, dining & living space. The proposed accommodation measures 1082 square foot approx.

Accommodation

Proposed accommodation over two storeys, approximately 1082 square feet. Ground floor: hallway; open plan kitchen, living, dining; bathroom; bedroom; home office/bedroom three. First floor: landing; main bedroom; en-suite shower room.

Location

Close to Wandsworth train station. The property is land adjacent to The Grapes, 39 Fairfield Street, London.

Tenure / Property Information

Tenure	Freehold
Services	Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Investment Analysis

Freehold development plot with planning permission for a proposed two-storey detached house of approximately 1,082 sq ft. The supplied Land Registry evidence comprises nearby terraced-house sales at £600,000 in 2020 and £718,000 in 2023, but these are not sufficiently specific to establish the completed value of the proposed detached house. No build-cost, professional-fee, finance, selling-cost or other development-cost evidence is supplied, so GDV, viability and maximum bid cannot be reliably calculated. The guide is £400,000, plus the stated £1,200 buyer premium, £1,200 administration charge and any applicable legal-pack disbursements.

Investment Snapshot

Guide Price

£400,000 (plus fees)

Strategy Recommendation

Proceed only after reviewing the planning and legal documents and obtaining independent build-cost, professional-fee, finance and completed-value assessments. Do not rely on the supplied evidence alone to bid at the guide.

Works Required

Develop the permitted two-storey detached house, approximately 1,082 sq ft, comprising the stated open-plan kitchen/living/dining space, three-bedroom accommodation including the home office/third bedroom, main bathroom and en-suite shower room. Construction costs, professional fees and statutory costs are not supplied.

Rental & Market Context

No sufficiently specific external rental comparable identified.

Sold Comparables

The following completed sales were identified within approximately 5 miles:

43, Fairfield Street, London, Wandsworth, Sw18 1dx 2023-09-12 · Terraced · Freehold	£718,000
47, Fairfield Street, London, Wandsworth, Sw18 1dx 2020-08-27 · Terraced · Freehold	£600,000
43, Fairfield Street, London, Wandsworth, Sw18 1dx 2010-09-24 · Terraced · Freehold	£395,000
43, Fairfield Street, London, London, Wandsworth, Sw18 1dx 2005-07-01 · Terraced · Freehold	£250,000
49, Fairfield Street, London, Wandsworth, Sw18 1dx 1999-07-08 · Terraced · Freehold	£150,000

Potential BRRR Position

BRRR analysis cannot be completed reliably because the completed GDV, construction budget, financing costs, rental value and refinance assumptions are unsupported. The guide plus known buyer and administration charges totals £402,400 before any disbursements or development costs.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and yield cannot be established. The asset is currently a development plot rather than an income-producing completed dwelling.

Flip Analysis

A resale assessment cannot be completed reliably. Nearby terraced sales provide context only and do not establish the completed value of the proposed detached house; no construction or selling-cost allowance is supplied.

Investor Risks & Due Diligence

• Completed value is not established by the supplied comparable sales, which are terraced houses rather than the proposed detached house.

• No construction, professional, statutory, finance or selling costs are supplied.

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

• Planning permission is described but the permission details, conditions, expiry and implementation requirements have not been supplied.

• No rental evidence is available, so any investment-income case is unquantified.

• The guide excludes the stated buyer premium, administration charge and potentially applicable disbursements.

Recommendation

Proceed only after reviewing the planning and legal documents and obtaining independent build-cost, professional-fee, finance and completed-value assessments. Do not rely on the supplied evidence alone to bid at the guide.

Strategy Rating

HB Rating

★★☆☆☆

Analysis Confidence

Confidence

Low

Planning description, proposed size, guide, known charges and nearby completed sales are supplied, but there is no sufficiently specific GDV, rental, construction-cost, finance-cost or selling-cost evidence.