Land And Roadway At Red Lumb Mill, Red Lumb Street, Rochdale, Lancashire, OL12 7TX

Description

An exceptional opportunity to acquire a freehold plot of land and associated access roadway in the semi-rural setting of Red Lumb, on the northern fringe of Rochdale, offering a variety of future uses subject to necessary planning consents. The site includes a private roadway and may be suitable for agricultural, recreational, storage or potential development purposes, subject to planning.

Location

Situated in Red Lumb, on the northern fringe of Rochdale, in a semi-rural setting with countryside views. The property has access to Rochdale town centre and the wider motorway network, with the M62 within easy reach. Red Lumb is described as having nearby amenities, schools and transport links, and is popular for walking and equestrian activities.

Tenure / Property Information

Investment Analysis

The £1,000 guide is auction pricing, not evidence of market value. The supplied sold comparables are nearby but relate to other property types and do not provide a reliable valuation for this unspecified-size land plot and roadway. No site area, planning consent, development appraisal, agricultural value, rental evidence or formal valuation is supplied, so GDV and maximum bid cannot be supported.

Investment Snapshot

Strategy Recommendation

Treat only as a conditional land/development opportunity. Review the legal pack and establish site area, title, roadway rights, planning history, permitted uses and realistic end-user demand before bidding. Do not underwrite from the £1,000 guide alone.

Works Required

No physical works are evidenced. The immediate requirement is planning, title, access, site-boundary and permitted-use due diligence, with any future works dependent on the necessary consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supported by the evidence. There is no residential accommodation, supported refurbishment budget, GDV, rent or refinance valuation. Any value creation would depend on obtaining and implementing suitable planning consent.

Buy-to-Let Analysis

BTL is not assessable: the asset is land and an associated roadway with no accommodation and no sufficiently specific rental comparable or auctioneer rent estimate. No rental yield can therefore be established.

Flip Analysis

A flip appraisal cannot be quantified because no supported GDV, site area, planning consent, works budget, selling allowance or relevant land comparables are supplied. The nearby sales concern different property types and are not reliable substitutes.

Investor Risks & Due Diligence

• Future agricultural, recreational, storage or development use is subject to necessary planning consents.

• No site area, planning consent or supported market value is supplied.

• The associated roadway may have title, access, maintenance or rights obligations requiring legal-pack review.

• Buyer’s Premium applies, while its amount and any additional fees are not supplied.

• No sufficiently specific rental evidence or passing income is available.

• Nearby sold comparables relate to other property types and may not be relevant to this land plot.

Recommendation

Treat only as a conditional land/development opportunity. Review the legal pack and establish site area, title, roadway rights, planning history, permitted uses and realistic end-user demand before bidding. Do not underwrite from the £1,000 guide alone.

Strategy Rating

Analysis Confidence

Core valuation inputs are absent, including site area, planning position, permitted use, relevant land comparables, costs, rent and resale evidence. The supplied comparables are for materially different property types.