Land at, Birchfields Crescent, LEEDS, West Yorkshire

Description

Set within a residential area is this parcel of land offering potential development opportunities subject to any necessary consent. It is sold with no planning permission in place and prospective purchasers should make their own enquiries as to what options are available, prior to purchasing.

Location

The area is conveniently located near to the A64, linking to the A1M for travelling to surrounding areas. Local to the area there are a range of amenities such as shops and restaurants, with Colton Retail Park just a short drive away.

Tenure / Property Information

Investment Analysis

The guide price is £18,000, but the evidence does not establish the parcel’s size, access, services, boundaries, development capacity or market value. The nearby completed sales are houses on Birchfields Crescent and are not directly comparable to an unconsented land parcel. No GDV can therefore be supported. The buyer must investigate planning and development options independently before bidding.

Investment Snapshot

Strategy Recommendation

Proceed only as a planning-led land acquisition after satisfactory legal, planning and development due diligence. Do not rely on the nearby house comparables or the one-bedroom rental evidence.

Works Required

No refurbishment works can be specified from the evidence. The primary requirement is due diligence regarding planning consent, permitted use, access, services, boundaries and any development feasibility before purchase.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be supported without planning consent, a defined development scheme, construction costs, completed value and rental evidence for the resulting property. The known £1,800 inclusive buyer documentation fee would be payable in addition to the purchase price, with possible further seller fees under the special conditions.

Buy-to-Let Analysis

BTL analysis is not applicable because the asset is a parcel of land with no accommodation or supported passing or achievable rent. The supplied £1,000 pcm listing relates to a one-bedroom rental and cannot be applied to this land.

Flip Analysis

A flip appraisal cannot be calculated because there is no supported GDV, planning consent, development specification, build-cost evidence or selling-cost allowance. The house sales on the same crescent do not establish the value of this land parcel.

Investor Risks & Due Diligence

• No planning permission is in place.

• Development potential is expressly subject to obtaining any necessary consent.

• The parcel’s size, boundaries, access and services are not provided.

• The supplied sold comparables are houses and may not be relevant to the land’s value.

• A £1,800 inclusive buyer documentation fee is payable, and additional seller fees may apply under the special conditions.

Recommendation

Proceed only as a planning-led land acquisition after satisfactory legal, planning and development due diligence. Do not rely on the nearby house comparables or the one-bedroom rental evidence.

Strategy Rating

Analysis Confidence

The guide price, tenure, location, known buyer documentation fee and nearby house sales are supplied, but critical land information including area, access, services, planning potential, development costs and end value is absent.