Land At Park Terrace, C23 Craigston From B7083 To Lugar, Lugar, East Ayrshire, KA18 3LD

Description

Excellent opportunity to acquire a plot of land at Park Terrace. The site previously benefitted from a planning application for a detached single-storey dwellinghouse and offers prospective purchasers the chance to pursue a self-build or bespoke residential development, subject to the necessary consents. The plot is roughly 5,026 square feet and benefits from a previous planning application for a detached single-storey house, planning reference 23/0496/PPP.

Location

Positioned within the small rural community of Craigston, near Lugar, the plot enjoys a peaceful countryside setting while remaining accessible to local amenities and transport links via the B7083. The surrounding area is characterised by residential properties, open countryside and Ayrshire scenery. Lugar is less than 20 miles' drive from Ayr and Kilmarnock and about 37 miles from Glasgow city. The nearest town is Cumnock.

Investment Analysis

The £22,000 guide is the only supplied pricing evidence. No completed land sales, proposed dwelling specification, formal valuation, build-cost evidence or confirmed planning consent is supplied, so GDV and a supported maximum bid cannot be established. The site is approximately 5,026 sq ft and previously benefited from planning application 23/0496/PPP, but any development remains subject to the necessary consents.

Investment Snapshot

Strategy Recommendation

Treat as a planning-led self-build or residential development opportunity only. Obtain and review the legal pack, planning history, site constraints, access and servicing information before bidding; do not rely on the guide as evidence of end value.

Works Required

No refurbishment scope is evidenced. Any purchaser would need to investigate planning status and pursue the necessary consents for a detached single-storey dwelling, followed by design, construction and associated site works; costs cannot be estimated from the supplied evidence.

Rental & Market Context

Potential BRRR Position

BRRR is not assessable at this stage. There is no completed dwelling, supported GDV, build-cost allowance, rental evidence or confirmed current planning consent against which refinance viability can be tested.

Buy-to-Let Analysis

BTL is not assessable because the property is land without accommodation and no sufficiently specific rental evidence or completed dwelling specification is supplied.

Flip Analysis

A development flip cannot be quantified because no proposed house specification, confirmed planning permission, build costs, completed-sale comparables or supported resale value are supplied. The opportunity would require planning and development appraisal before acquisition.

Investor Risks & Due Diligence

• The site previously benefited from a planning application, but the necessary current consents are not confirmed.

• Build, professional, infrastructure and servicing costs are not supplied and cannot be quantified.

• No completed land or residential sales comparables are supplied to support market value or GDV.

• Buyer’s Premium applies, while its amount and other possible fees are not supplied.

• Legal-pack terms, including the Articles of Roup / Special Conditions, require review.

• No rental evidence is available, so an income strategy cannot be assessed.

Recommendation

Treat as a planning-led self-build or residential development opportunity only. Obtain and review the legal pack, planning history, site constraints, access and servicing information before bidding; do not rely on the guide as evidence of end value.

Strategy Rating

Analysis Confidence

Only the guide price, approximate site area, description and reference to a previous planning application are supplied. There are no comparables, confirmed consent, build costs, GDV evidence, rents or detailed legal terms.