Land at Mayflower Gardens, Wardle, Rochdale, Greater Manchester OL12 9DF

Description

Freehold plot of land situated at the head of Mayflower Gardens adjacent to nos 27 and 28. Considered suitable for a variety of uses, including garden extension(s), subject to the required consents being obtained. All interested parties are advised to consult with the local planning authority with regard to their intended use, prior to bidding.

Location

Situated at the head of Mayflower Gardens, adjacent to nos 27 and 28, Wardle, Rochdale, Greater Manchester.

Tenure / Property Information

Investment Analysis

The evidence confirms a freehold land plot at the head of Mayflower Gardens, adjacent to nos. 27 and 28. Nearby completed house sales range from £200,000 to £285,000, but these are residential properties and do not provide a reliable value for the land. The plot is only described as potentially suitable for garden extensions or other uses subject to consent. No planning status, plot area, development value, or approved use is supplied, so GDV and resale value cannot be established.

Investment Snapshot

Strategy Recommendation

Do not bid on investment fundamentals alone. Consider only after reviewing the legal pack, confirming the plot boundaries and area, and obtaining written planning guidance for a specific intended use.

Works Required

No refurbishment works are evidenced. Any garden extension or alternative use would require investigation and the necessary planning or other consents before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supported. There is no evidenced lettable accommodation, refurbishment scope, GDV, planning consent, or refinance value. At the £2,000 guide, the known minimum admin charge of £3,600 produces a subtotal of £5,600 before any buyer premium, disbursements, legal costs, or other charges.

Buy-to-Let Analysis

BTL is not supported by the evidence: the asset is land with no accommodation, passing rent, or property-specific rental evidence. The £1,075 pcm listing is for an unspecified property in Mayflower Gardens and cannot be applied to this plot.

Flip Analysis

A flip appraisal cannot be established because no planning permission, development scheme, plot area, land comparable, or supported resale value is provided. The nearby house sales are not suitable evidence of the plot's GDV.

Investor Risks & Due Diligence

• Intended garden extension or other use is subject to required consents.

• No plot area, boundaries, planning status, or approved use is supplied.

• The £3,600 minimum administration charge exceeds the 2.75% percentage at the £2,000 guide price.

• Buyer premium amount is unspecified.

• Disbursements, search fees, seller-cost reimbursement, legal fees and transfer fees may also be payable.

• No property-specific rental evidence or residential accommodation is provided.

• Nearby completed house sales do not establish the value of the land plot.

Recommendation

Do not bid on investment fundamentals alone. Consider only after reviewing the legal pack, confirming the plot boundaries and area, and obtaining written planning guidance for a specific intended use.

Strategy Rating

Analysis Confidence

The evidence provides the guide, tenure, broad location and nearby house sales, but no plot dimensions, planning position, permitted use, legal-pack details, GDV, works scope, or applicable rent.