Land at, Ramerick Gardens, Arlesey, Bedfordshire, SG15 6XZ

Description

Freehold site extending to approximately 21,000 sq ft. Future development opportunity (subject to planning permission). The parcel of land extends to approximately 21,000 sq ft. Whilst sold on an unconditional basis, the land could hold potential for development, subject to all necessary consents. Buyers must rely only on their own enquiries with regard to any development potential and permissions required.

Location

The land is situated off Ramerick Gardens. The villages of Arlesey and Stotfold provide local facilities including shops and pubs, with public transport links being provided by Arlesey Rail Station together with a network of bus routes serving the surrounding areas.

Tenure / Property Information

Investment Analysis

Freehold land of approximately 21,000 sq ft with potential development opportunity subject to planning permission. The supplied sold comparables are completed residential houses on Ramerick Gardens, not land sales, so they do not establish the site's market value or a post-development GDV. No planning status, consent, access, services, layout, development quantum or professional valuation is supplied. The £7,000 guide plus the known £1,800 inclusive-of-VAT contract documentation fee indicates a low entry price, but the site's development value cannot be reliably quantified from the evidence.

Investment Snapshot

Strategy Recommendation

Treat as a planning-led land opportunity only. Proceed only after independent confirmation of planning prospects, developable area, access, services, title and all auction special conditions; do not rely on the residential comparables or rental evidence.

Works Required

No physical works are supported by the evidence. Required pre-acquisition work would be planning, legal and technical due diligence, but costs and outcomes are not supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable from the evidence. There is no existing residential asset, refurbishment budget, planning consent, completed value or refinance valuation. Any outcome would depend on securing the necessary consents and establishing development value.

Buy-to-Let Analysis

BTL analysis is not applicable on the supplied evidence because this is vacant development land with no accommodation or supported passing rent. The £1,100 pcm one-bedroom asking rent relates to residential rental evidence and cannot be attributed to the land.

Flip Analysis

A flip analysis cannot be quantified. The supplied house sales provide context for the surrounding street but are not sufficiently comparable to value vacant land, and no development scheme, planning permission, build cost, resale value or selling allowance is supplied.

Investor Risks & Due Diligence

• Development potential is expressly subject to planning permission and is not confirmed.

• Buyers must rely on their own enquiries regarding development potential and required permissions.

• No relevant land valuation or development comparable is supplied.

• The £1,800 inclusive-of-VAT contract documentation fee is payable by the buyer, and additional seller fees may apply under the special conditions.

• No development, construction, professional, finance or resale costs are supplied.

Recommendation

Treat as a planning-led land opportunity only. Proceed only after independent confirmation of planning prospects, developable area, access, services, title and all auction special conditions; do not rely on the residential comparables or rental evidence.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, approximate site area, guide price and one buyer charge, but omits planning status, development potential, site constraints, services, costs and relevant land comparables.