Land and buildings on the West side of Wells Road, Bristol, Avon

Description

Freehold title comprising roadways and verges. It is important prospective purchasers ensure they have inspected the area and rely upon their own enquiries, assessments and due diligence with regards to its current and potential uses. All or part of this may comprise adopted highway. All interested buyers should rely on their own enquiries with the local authority.

Location

Freehold comprising roadways and verges surrounded by residential properties.

Tenure / Property Information

Investment Analysis

The property is freehold land comprising roadways and verges, potentially including adopted highway. No site area, access, planning, development potential or independent land valuation is supplied. The residential semi-detached comparables on Allanmead Road are not sufficiently comparable and do not support a value for this land. The £1 guide is not evidence of market value.

Investment Snapshot

Strategy Recommendation

Do not bid on an investment basis unless legal and local-authority enquiries confirm a specific beneficial use or separately evidenced value. Treat the £1 guide as nominal and obtain advice on adopted-highway status, title obligations and all completion costs before considering any bid.

Works Required

No physical works are identified. Required due diligence includes confirming the title extent, whether any part is adopted highway, access and maintenance responsibilities, local-authority position, planning status and any lawful or potential use.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supported. There is no evidenced residential or commercial use, refurbishment scope, GDV, rent or refinance value. The £1 guide is outweighed by the known £1,800 inclusive-of-VAT contract documentation fee before any other purchase costs or seller-charged fees.

Buy-to-Let Analysis

BTL is not assessable or supported: the asset has no stated accommodation, no rental evidence and no auctioneer rent estimate. It should not be underwritten as an income-producing property.

Flip Analysis

A flip or resale surplus cannot be calculated. No supported resale value, development potential, site area or selling-cost allowance is provided. The supplied residential sales are not valid evidence for this land asset.

Investor Risks & Due Diligence

• All or part of the land may comprise adopted highway.

• No confirmed beneficial use, development potential or planning position is supplied.

• Title extent, access, maintenance obligations and local-authority responsibilities require independent due diligence.

• The £1,800 inclusive-of-VAT contract documentation fee is payable, with possible additional seller-charged fees.

• The supplied residential semi-detached comparables are not sufficiently comparable to this land asset.

• No rental income or finance/refinance basis is evidenced.

Recommendation

Do not bid on an investment basis unless legal and local-authority enquiries confirm a specific beneficial use or separately evidenced value. Treat the £1 guide as nominal and obtain advice on adopted-highway status, title obligations and all completion costs before considering any bid.

Strategy Rating

Analysis Confidence

The title description and fee information are clear, but there is no site area, adoption confirmation, planning/use evidence, valuation, rental evidence or comparable land data.