Land at Tarbet Drive, Bolton, Lancashire, BL2 6LT

Description

A plot of land measuring approximately 2,660 sq m (28,633 sq ft), offered with planning permission for the erection of two detached houses. The plot benefits from four access points, three of which are vehicular.

Location

The land is situated on a residential road close to local shops and amenities. The open spaces of New House Farm Playing Fields are within easy reach. Transport links are provided by Bolton rail station and Bury Road.

Tenure / Property Information

Investment Analysis

Development land of approximately 2,660 sq m with planning permission stated for two detached houses. No completed sales, GDV evidence, planning-detail evidence or development-cost evidence was supplied, so no supported end value or maximum bid can be calculated. The £170,000+ guide is not a confirmed purchase price and excludes potentially payable fees.

Investment Snapshot

Strategy Recommendation

Undertake planning, legal, valuation and full development-cost due diligence before bidding. Do not rely on the guide price as evidence of viability; proceed only if independent GDV and scheme-cost evidence supports the purchase.

Works Required

Residential development of two detached houses in accordance with the stated planning permission, including construction, services, access and associated external works. The supplied evidence does not provide sufficient detail to cost or specify the works.

Rental & Market Context

Potential BRRR Position

BRRR analysis is not supportable from the evidence. There is no supported GDV, development-cost allowance, completed rental estimate or refinance valuation. The stated £1,800 administration charge is known, but buyer premium and possible disbursements are unspecified.

Buy-to-Let Analysis

BTL analysis cannot be established. The asset is development land rather than an income-producing property, and no sufficiently specific rental evidence or completed-house specification was supplied.

Flip Analysis

A development resale analysis cannot be calculated because no GDV, construction cost, professional cost, finance cost, selling allowance or detailed planning information was supplied. The guide price alone is insufficient to assess viability.

Investor Risks & Due Diligence

• Buyer premium amount is unspecified.

• Disbursements and other possible purchaser charges may be payable and are not quantified.

• No completed sales or other evidence supports a GDV.

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

• The detail, conditions and deliverability of the stated planning permission have not been provided.

• No rental evidence supports an income or refinance strategy.

Recommendation

Undertake planning, legal, valuation and full development-cost due diligence before bidding. Do not rely on the guide price as evidence of viability; proceed only if independent GDV and scheme-cost evidence supports the purchase.

Strategy Rating

Analysis Confidence

Only the approximate land area, stated planning use, access description, guide price and £1,800 administration charge are supplied. There are no comparables, GDV, rents, detailed planning documents, development costs or complete fee schedule.