Land and Road Ways off, St Peters Way, Ivybridge, Devon, PL21 0HT

Description

Freehold title comprising roadways, verges and various parcels of land. Prospective purchasers should inspect the area and rely on their own enquiries, assessments and due diligence regarding 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

The site is situated on and around St Peters Way. Public transport links include Ivybridge mainline Rail Station and local bus services. Road links include the A38, linking to Exeter to the north and Plymouth to the west. Shopping amenities are available locally in Ivybridge, with recreational pursuits at Victoria Park and Dartmoor National Park.

Tenure / Property Information

Investment Analysis

No reliable GDV can be established from the evidence. The property is freehold land comprising open parcels, roadways and verges, and may include adopted highway. The supplied sold comparables are residential houses on Trematon Drive and are not sufficiently comparable to value this land. Current or potential use requires purchaser due diligence and local-authority enquiries.

Investment Snapshot

Strategy Recommendation

Treat as a speculative land/title investigation only. Do not bid without completing inspection, title and boundary review and obtaining local-authority confirmation of any adopted-highway status and potential use.

Works Required

No refurbishment works are evidenced. Buyers should inspect the parcels, roadways and verges and investigate title, boundaries, access, current status and any adopted-highway issues with the local authority.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable because no residential accommodation, refurbishment scope, rent, GDV or refinance value is evidenced. The known £1,800 inclusive-of-VAT contract documentation fee would also be payable by the buyer, with possible additional seller fees.

Buy-to-Let Analysis

BTL analysis is not applicable on the supplied evidence. No accommodation or sufficiently specific rental comparable is provided, and no residential use is established.

Flip Analysis

A flip calculation cannot be established. There is no supported GDV, development permission, usable accommodation, works budget or selling-cost allowance. The residential sold comparables cannot be used as direct land comparables.

Investor Risks & Due Diligence

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

• Current and potential uses require the purchaser's own enquiries and local-authority confirmation.

• No site area, detailed boundaries, planning position or accommodation is provided.

• The £1,800 inclusive-of-VAT contract documentation fee is payable by the buyer.

• The seller may charge additional completion fees under the Special Conditions of Sale.

Recommendation

Treat as a speculative land/title investigation only. Do not bid without completing inspection, title and boundary review and obtaining local-authority confirmation of any adopted-highway status and potential use.

Strategy Rating

Analysis Confidence

The evidence confirms only a freehold title comprising land, roadways and verges; area, planning position, title details, usability, valuation, rent and development potential are not supplied.