Land and Roadways Lying To East Side Of Grovehurst Road, Sittingbourne, Kent, ME10 2SN

Description

Land and Roadways Measuring Approximately 0.2 acres/ 809 sq m (8,712 sq ft). Potential for a Variety of Uses (Subject to Obtaining all Relevant Consents). The property comprises land and roadways measuring approximately 0.2 acres/ 809 sq m (8,712 sq ft).

Location

The land and roadways are situated on a residential road close to local shops and amenities. The open spaces of Milton Creek Country Park are within easy reach. Transport links are provided by Kemsley rail station. The site area depicted within the plan in the auction particulars is for indicative purposes only. Additionally, any measurements stated may not be exact. Some or all of the plot may comprise adopted highway land and if the site has trees, there may be Tree Preservation Orders in place. Buyers should rely on their own enquiries with regard to precise measurements, any consents or rights over the land and any possible development potential or alternative uses for this site.

Tenure / Property Information

Investment Analysis

The supplied sold comparables are residential houses and do not provide reliable evidence of the value of this 0.2-acre land and roadway parcel. No planning consent, development allocation, access rights, services information or confirmed usable area is supplied. The auction particulars state that some or all of the land may comprise adopted highway and that measurements are indicative. A land GDV or market value cannot therefore be supported from the evidence.

Investment Snapshot

Strategy Recommendation

Do not bid on an assumed development or investment case. Consider only after reviewing the legal pack and independently confirming ownership, adopted-highway status, access, services, planning prospects, trees and all completion charges.

Works Required

No refurbishment works can be specified. The immediate requirement is legal, title, highway, access, planning, tree and services due diligence, including confirmation of the precise area and any permitted or potential use.

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 residential use, GDV, rental income, refurbishment scope or refinance valuation. The stated £1,800 administration charge is known, but other possible charges are unspecified and the guide is only £1,000+.

Buy-to-Let Analysis

BTL is not assessable because the property is land and roadways, no dwelling or accommodation is described, and no sufficiently specific rental evidence or auctioneer rent estimate is supplied.

Flip Analysis

A flip appraisal cannot be supported because no consented use, development value, buildable area, works cost, resale evidence for land or selling allowance is provided. The residential house sales are not suitable substitutes for this parcel.

Investor Risks & Due Diligence

• Some or all of the site may comprise adopted highway land.

• The site plan and stated measurements are indicative and may not be exact.

• Any development or alternative use is subject to obtaining relevant consents, which are not supplied.

• Access rights, other rights and restrictions require independent confirmation.

• Trees may be subject to Tree Preservation Orders.

• Additional search, seller, legal, transfer and possible buyer-premium charges may be payable.

• No rental evidence or supported income case is available.

Recommendation

Do not bid on an assumed development or investment case. Consider only after reviewing the legal pack and independently confirming ownership, adopted-highway status, access, services, planning prospects, trees and all completion charges.

Strategy Rating

Analysis Confidence

The evidence confirms only an approximate freehold land and roadway area, guide price and administration charge. Critical information on title, usable area, planning, access, services, condition, value and income is absent or expressly uncertain.