Land at Chipperfield, Charmouth Road, Axminster, Devon

Description

A parcel of freehold land extending to approximately 3.23 acres, situated on the outskirts of the highly sought after coastal town of Lyme Regis. The site enjoys an attractive setting whilst remaining conveniently located for the town centre, seafront and local amenities as well as road links via the A35. The land offers potential for a variety of uses, although any future use would be subject to all necessary consents being obtainable.

Location

Situated on the outskirts of Lyme Regis, conveniently located for the town centre, seafront, local amenities and road links via the A35. The land is at Chipperfield, Charmouth Road, Axminster, Devon.

Tenure / Property Information

Investment Analysis

The evidence confirms a 3.23-acre freehold land parcel near Lyme Regis, offered at £45,000+ plus potentially unspecified fees. The supplied sold comparables are nearby residential and other properties, not land, so they do not support a reliable land valuation or GDV. No planning consent, permitted use, development scheme, services, access details, rental evidence or formal valuation is supplied. Any future use remains subject to obtaining necessary consents.

Investment Snapshot

Strategy Recommendation

Treat as a planning-led land speculation only. Do not set a bid limit without independent planning, access, services, title and valuation due diligence, and allowance for unspecified auction-related fees.

Works Required

No refurbishment works are evidenced. Before bidding, establish the site's planning position, permitted uses, access, services and development feasibility through appropriate professional due diligence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supported because there is no established residential asset, refurbishment scope, GDV, rental evidence or refinance valuation. Development and planning risk cannot be quantified from the supplied evidence.

Buy-to-Let Analysis

BTL analysis is not supported. The asset is land with no accommodation, no stated residential use and no sufficiently specific rental evidence.

Flip Analysis

A flip surplus cannot be calculated. No supported GDV, development or refurbishment cost, selling allowance or consent position is available. The nearby house sales are not suitable evidence for valuing this land parcel.

Investor Risks & Due Diligence

• Any future use is subject to all necessary consents being obtainable.

• The supplied comparables are not land sales and do not establish market value for this parcel.

• An administration fee and other non-optional fees may apply, but their amounts are unspecified.

• Stamp Duty, Land Registry fees and VAT may also become payable.

• No rental income or residential accommodation is evidenced.

Recommendation

Treat as a planning-led land speculation only. Do not set a bid limit without independent planning, access, services, title and valuation due diligence, and allowance for unspecified auction-related fees.

Strategy Rating

Analysis Confidence

The evidence confirms ownership type, approximate land area, guide price and location, but lacks planning, use, access, services, valuation, development costs and rental evidence.