Land at Martinique Drive, Lower Darwen, Darwen, Lancashire BB3 0SA

Description

Two freehold plots of land, situated either side of the entrance to Martinique Drive, at the junction of Paul Rink Way and running behind nos 2-16 Martinique Drive, in a modern residential area. Currently grassed/landscaped but considered suitable for alternative uses, subject to the required consents being obtained. Interested parties are advised to consult the local planning authority regarding their intended use prior to bidding.

Accommodation

Two freehold plots of land.

Location

Situated either side of the entrance to Martinique Drive, at the junction of Paul Rink Way and running behind nos 2-16 Martinique Drive, Lower Darwen, Darwen, Lancashire.

Tenure / Property Information

Investment Analysis

Two freehold landscaped land plots in a modern residential area, with alternative uses only subject to required consents. The supplied Martinique Drive sales (£140,000–£250,000) relate to houses, not land, so they do not provide a reliable land valuation or GDV. No plot areas, planning history, allocation, access/utilities information or consent evidence is supplied.

Investment Snapshot

Strategy Recommendation

Only consider bidding after reviewing the legal pack and obtaining planning and development advice for a clearly defined use. Treat the guide price as an acquisition price for unconsented land, not as evidence of development value.

Works Required

No building works can be specified from the evidence. Required due diligence should establish planning policy, development potential, access, services, title restrictions and any necessary applications or consents before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not assessable. No supported residential scheme, planning consent, GDV, construction budget, rental income or refinance valuation is provided. The minimum buyer/admin charge of £3,600 including VAT applies at the £4,500 guide, before any disbursements or other costs, but the eventual purchase price is unknown.

Buy-to-Let Analysis

BTL is not assessable because the asset is land with no accommodation and no supported rental evidence applicable to it. The supplied house rental listings are not evidence of land income.

Flip Analysis

A flip appraisal cannot be established. The residential sold comparables are for completed houses and cannot support a land GDV. Any resale value depends materially on planning and development potential, which is unconfirmed.

Investor Risks & Due Diligence

• Alternative use is subject to required consents, which are not confirmed.

• No plot areas or planning information are supplied.

• Residential house sales cannot reliably value the land plots.

• Access, utilities, title restrictions and other legal matters require review.

• Buyer/admin charge has a £3,600 minimum at the guide, with possible additional disbursements and seller/legal costs.

• No supported rental or refinance basis is available.

Recommendation

Only consider bidding after reviewing the legal pack and obtaining planning and development advice for a clearly defined use. Treat the guide price as an acquisition price for unconsented land, not as evidence of development value.

Strategy Rating

Analysis Confidence

The evidence confirms freehold land and location but omits plot sizes, planning status, permitted use, access, services, restrictions, development costs and land-specific comparables.