Land at Church Hill, Loughton, Essex IG10 1LA

Description

The property comprises a parcel of land, located in front of the former Zizzi Italian restaurant.

Accommodation

Parcel of land

Location

Located in front of the former Zizzi Italian restaurant.

Tenure / Property Information

Investment Analysis

No reliable market value or GDV can be established from the evidence. The supplied sold comparables relate to other properties, including houses and unspecified 'Other' properties, and do not evidence the value of this parcel. No land area, planning permission, permitted use, development potential or direct land comparables are supplied. The £1,000 guide is not a valuation. VAT applies, but the applicable amount is not stated.

Investment Snapshot

Strategy Recommendation

Do not bid on an investment-return basis without verifying the land area, title, access, planning/use status, services, restrictions and a direct land valuation. Treat the £1,000 guide as an auction guide only.

Works Required

No refurbishment works are specified. Any works, access arrangements, surfacing, fencing or services requirements would need verification before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be assessed. There is no supported residential use, GDV, development consent, refurbishment scope, rental evidence or refinance valuation. VAT applies and buyer, administration and other seller charges are not quantified.

Buy-to-Let Analysis

BTL is not assessable because the asset is described as a vacant parcel of land with no dwelling or accommodation suitable for letting. The supplied residential asking rents are not relevant evidence of rent for this parcel.

Flip Analysis

A flip surplus cannot be calculated because there is no supported GDV, land valuation, planning position, development scheme, cost plan or selling allowance. The supplied comparables are not sufficiently comparable to this parcel.

Investor Risks & Due Diligence

• VAT applies to the lot, but the amount is not stated.

• Buyer premium, administration charges and other potential seller charges are not quantified.

• No land area, boundaries, access rights, services or title restrictions are supplied.

• No planning permission, permitted use or development potential is evidenced.

• The supplied sold comparables are other properties and are not direct evidence for this parcel.

• No reliable rental income evidence exists for the land.

Recommendation

Do not bid on an investment-return basis without verifying the land area, title, access, planning/use status, services, restrictions and a direct land valuation. Treat the £1,000 guide as an auction guide only.

Strategy Rating

Analysis Confidence

The evidence confirms only a freehold vacant parcel of land and its location. Critical valuation, planning, size, use, cost and income information is absent, while the supplied comparables and rents are not directly applicable.