Land at Tameside Drive, Castle Vale, Birmingham

Description

Freehold vacant land, which may be suitable for a variety of uses, subject to obtaining the necessary planning consents. A relatively rectangular parcel of land on Tameside Drive. The site extends to approximately 1423 sqm / 0.352 acres or thereabouts.

Location

The land is situated on Tameside Drive in Castle Vale, a well-established residential area to the north-east of Birmingham. The surrounding area offers local shops, schools, community facilities and green spaces, with further retail and leisure amenities available at nearby Fort Shopping Park and Erdington. The area benefits from good road and public transport connections, with the A38, M6 and Birmingham city centre readily accessible.

Tenure / Property Information

Investment Analysis

The £125,000+ guide is not independently supportable from the supplied evidence. The only sold comparable is a duplicated £27.7m transaction for Castle Bromwich Business Park and is not sufficiently specific for valuing this 1,423 sqm vacant parcel. No planning consent, development appraisal, land-value comparable, GDV evidence or rental evidence is provided. The purchaser must also pay a £3,500 buyer/admin charge plus VAT and £2,900 council professional fees.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining planning, development-cost and end-value advice. Do not rely on the guide price or bid without a site-specific land valuation and full feasibility appraisal.

Works Required

No refurbishment works are evidenced. Any development would require a suitable scheme and the necessary planning consents; no specific use or construction scope can be assessed from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis is not supportable. There is no evidenced residential or commercial accommodation, planning consent, development cost, GDV or refinance valuation.

Buy-to-Let Analysis

BTL analysis is not possible because the asset is vacant land with no accommodation and no sufficiently specific rental evidence. A rental yield cannot be established.

Flip Analysis

A flip appraisal cannot be established because there is no supported GDV, approved use, development scheme, construction cost or selling-cost allowance. The available sold comparable is for a large business park transaction and is not sufficiently specific.

Investor Risks & Due Diligence

• Planning consent is expressly required for any proposed use and is not confirmed.

• The permitted use and development potential are not provided.

• No site-specific market-value or GDV evidence is available.

• No development or refurbishment cost evidence is available.

• No rental evidence is available, so investment yield cannot be assessed.

• The purchaser must pay a £3,500 buyer/admin charge plus VAT and £2,900 council professional fees.

Recommendation

Proceed only after obtaining planning, development-cost and end-value advice. Do not rely on the guide price or bid without a site-specific land valuation and full feasibility appraisal.

Strategy Rating

Analysis Confidence

The evidence confirms freehold vacant land, approximate site area, guide price and additional charges, but provides no planning position, permitted use, development appraisal, relevant land comparables, GDV, costs or rental evidence.