Land adjoining 95, Upper Luton Road, Chatham, Kent, ME5 7BJ

Description

Freehold site extending to approximately 1,360 sqft. Future development opportunity subject to planning permission and other necessary consents. The parcel of land is sold on an unconditional basis and buyers must rely on their own enquiries regarding development potential and permissions required.

Location

Situated between numbers 93-95, almost opposite the junction with Ambrose Hill, to the south east of historical Chatham town centre. Transport options include local bus routes, road connections via the A2 and M2, and rail options at Chatham or Gillingham rail stations. Medway Maritime Hospital is situated to the north and the town centre provides a range of shopping and other amenities.

Tenure / Property Information

Investment Analysis

The freehold parcel is approximately 1,360 sqft and is offered as an unconditional future development opportunity. Nearby completed sales are terraced houses ranging from £178,500 to £230,000, but they do not establish the value of this land or a future development GDV. Planning status, access, services, layout, constraints and deliverable accommodation are unconfirmed. The £20,000 guide plus the known £1,800 inclusive-of-VAT contract documentation fee should not be treated as evidence of market value.

Investment Snapshot

Strategy Recommendation

Treat as a planning-risk land purchase only. Do not rely on the guide price or nearby house sales; proceed only after satisfactory independent checks on planning potential, access, title, services, constraints and all seller fees.

Works Required

No physical works can be reliably specified from the evidence. Pre-purchase work should comprise planning and development feasibility checks, title/access review, service investigations and any surveys or professional advice required to establish whether development is possible. Any eventual construction scope is unknown.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not assessable. There is no supported GDV, planning consent, accommodation schedule, works budget or refinance basis. The site is sold unconditionally, so development and refinance assumptions require independent due diligence.

Buy-to-Let Analysis

BTL is not assessable because the asset is land with no accommodation and no supported passing or achievable rental income. The advertised £1,150 pcm evidence relates to a two-bedroom rental listing in ME5 and cannot be applied to this site.

Flip Analysis

A land flip or development resale case cannot be quantified from the supplied evidence. The nearby terraced-house sales provide context for the locality but do not evidence residual land value, completed development value or resale surplus for this parcel.

Investor Risks & Due Diligence

• Future development is subject to planning permission and other necessary consents.

• The site is sold unconditionally and buyers must make their own enquiries.

• No planning status, access arrangements, services capacity, site constraints or deliverable accommodation are supplied.

• Nearby completed house sales are not directly comparable to the land parcel.

• A £1,800 inclusive-of-VAT contract documentation fee is payable, and additional seller fees may apply under the Special Conditions of Sale.

• No development, rental or resale economics can be established from the supplied evidence.

Recommendation

Treat as a planning-risk land purchase only. Do not rely on the guide price or nearby house sales; proceed only after satisfactory independent checks on planning potential, access, title, services, constraints and all seller fees.

Strategy Rating

Analysis Confidence

The evidence confirms ownership type, approximate site area, guide price and nearby house sales, but provides no planning position, development scheme, access or services information, GDV, costs or applicable rent.