Land at the corner of Brearley Street & Crocketts Road, Handsworth, Birmingham, B21 0JJ

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 at the corner of Brearley Street & Crockett's Road.

Accommodation

Site extends to approximately 435 sq.m. (4,682 sq.ft.) or thereabouts.

Location

The land is situated at the corner of Brearley Street and Crocketts Road in Handsworth, an established and well-connected area of north-west Birmingham. Local shops, schools, community facilities and amenities are available nearby, with Birmingham city centre accessible via the surrounding road and public transport network. The property also benefits from access to the M5 and M6 motorways.

Tenure / Property Information

Investment Analysis

The evidence confirms a vacant freehold land parcel of approximately 435 sq.m. Nearby completed sales are terraced houses, not land, and therefore do not support a reliable land valuation or development GDV. No planning consent, proposed scheme, use, build cost or exit value is supplied. The guide is £10,000+, with known charges of £3,500 plus VAT administration and £2,900 Council professional fees; at the £10,000 guide, known acquisition cost is £17,100 before any other special-condition costs.

Investment Snapshot

Strategy Recommendation

Treat as a planning-led land speculation only. Do not rely on residential development value or bid above a separately evidenced level until the legal pack, planning position, permitted use, access, services and all completion costs have been verified.

Works Required

No building works are specified. The immediate requirement would be planning, design, technical and viability investigation for any proposed use, with costs and scope unsupported by the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not assessable. There is no confirmed residential scheme, GDV, build/refurbishment budget or supported refinance value. The £17,100 base acquisition cost uses the £10,000 guide plus £4,200 administration charge including stated VAT and £2,900 Council professional fees, excluding unknown additional completion costs.

Buy-to-Let Analysis

BTL analysis is not applicable on the supplied evidence because this is vacant development land with no dwelling, planning consent or supported rental value. The nearby one-bedroom asking rent of £300 pcm cannot be applied to the site.

Flip Analysis

A flip surplus cannot be calculated because no planning consent, development scheme, construction cost, GDV or selling allowance is supplied. The terraced-house comparables do not establish the value of this land.

Investor Risks & Due Diligence

• Planning consent and acceptable future use are unconfirmed.

• No reliable GDV or land valuation can be derived from the supplied evidence.

• The terraced-house sales are not directly comparable to vacant development land.

• Additional costs under the special conditions are unknown.

• The stated administration charge is £3,500 plus VAT and the Council professional fees are £2,900, materially increasing the cost above the guide.

• Access, services and development constraints are not evidenced.

Recommendation

Treat as a planning-led land speculation only. Do not rely on residential development value or bid above a separately evidenced level until the legal pack, planning position, permitted use, access, services and all completion costs have been verified.

Strategy Rating

Analysis Confidence

The site size, tenure, vacancy, guide and some acquisition charges are supplied, but there is no planning position, permitted use, development proposal, cost plan, land comparable evidence or supported exit value.