Land at, Rosebay Avenue, Billericay

Description

Situated to the rear of 12 Upland Close, close to local shopping/travelling facilities including Billericay Train Station. Lake Meadows Park is also nearby. Freehold Land of approximately 3,821 sq ft. Plans have been drawn up for a scheme to create Two x Three Bedroom Semi-Detached Houses. A planning application has not been submitted. Copies of the proposed plans are available for inspection. McHugh & Co make no representations or warranties with regard to this scheme and/or the validity of the aforementioned plans. Buyers must rely on their own enquiries with regard to any development potential, permissions required and any previous planning history in respect of the site.

Accommodation

Plans have been drawn up for a scheme to create Two x Three Bedroom Semi-Detached Houses. A planning application has not been submitted.

Location

Situated to the rear of 12 Upland Close, close to local shopping/travelling facilities including Billericay Train Station. Lake Meadows Park is also nearby.

Tenure / Property Information

Investment Analysis

The guide is £20,000+, with a £1,500 buyer premium inclusive of VAT. The sold comparables are completed houses on Rosebay Avenue, ranging from £285,000 to £545,000, but they do not establish the value of this 3,821 sq ft parcel or the proposed two-house scheme. No planning application has been submitted, the plans are expressly not warranted, and no development costs, professional fees, finance costs, selling costs or planning outcome are supplied. A supported GDV or maximum bid cannot therefore be calculated. At the guide, the known purchase price plus buyer premium would be £21,500 before any seller fees or other costs.

Investment Snapshot

Strategy Recommendation

Treat only as a speculative planning-led development opportunity. Do not set a bid based on the neighbouring house sales without independent planning, valuation, site and cost due diligence.

Works Required

Seek planning and other required consents for the proposed scheme of two three-bedroom semi-detached houses, subject to professional validation of the drawings, site constraints and development feasibility. No construction or site works allowance is supported by the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be underwritten from the supplied evidence. Planning has not been submitted, the proposed plans are not warranted, and there is no supported GDV, build-cost allowance, completed rental evidence or refinance valuation.

Buy-to-Let Analysis

Not suitable for conventional BTL analysis at this stage because the asset is undeveloped land, no completed dwellings exist, and no sufficiently specific rental evidence or auctioneer rent estimate is provided.

Flip Analysis

A development-led resale may be possible if planning and construction are viable, but the evidence does not support a GDV, total project cost or resale surplus. The neighbouring house sales are not direct land or proposed-development comparables.

Investor Risks & Due Diligence

• No planning application has been submitted.

• The proposed plans and development potential are not warranted by the auctioneer.

• Planning requirements, site constraints and any previous planning history require independent investigation.

• No build, infrastructure, professional, finance or selling costs are supplied.

• The sold comparables are completed houses and may not be applicable to this land parcel.

• Additional seller fees may be payable under the special conditions of sale.

Recommendation

Treat only as a speculative planning-led development opportunity. Do not set a bid based on the neighbouring house sales without independent planning, valuation, site and cost due diligence.

Strategy Rating

Analysis Confidence

The evidence identifies the site area, guide price, proposed concept and nearby completed-house sales, but lacks planning consent, a direct land valuation, unit sizes, development costs, professional fees, finance assumptions, selling costs and rental evidence.