Land at Waterside Gardens, on the east side of Waters Meeting Road, Bolton, Greater Manchester BL1 8WD

Description

Freehold residential development site situated to the west of Waterside Gardens, off Waters Meeting Road, approximately ½ mile north of Bolton town centre. The immediate area has been developed for apartments. Site area approximately 0.097 hectares (0.24 acres). The site is understood to benefit from a partially completed planning permission for residential apartments under ref: 78572/07, part of consent granted December 2007 for 44 apartments, with this parcel one of the last phases still to be completed for a single detached three storey block of 12 apartments.

Accommodation

Planning permission is stated for a single detached three-storey block of 12 apartments: 8 x 2-bedroom apartments and 4 x 1-bedroom apartments.

Location

Situated to the west of Waterside Gardens, off Waters Meeting Road, approximately ½ mile north of Bolton town centre. The immediate area has been developed for apartments.

Tenure / Property Information

Investment Analysis

The evidence identifies a 0.24-acre freehold development site with stated partially completed planning permission for 12 apartments, but provides no comparable land sales, GDV evidence, build-cost estimate, current planning confirmation or detailed legal-pack information. Market value and maximum bid cannot therefore be reliably calculated.

Investment Snapshot

Strategy Recommendation

Proceed only after full legal, planning, technical and development appraisal evidence is obtained. Do not rely on the guide price alone.

Works Required

Subject to verification, complete the planned detached three-storey block of 12 apartments comprising 8 two-bedroom and 4 one-bedroom units. Detailed construction works and costs are not supplied.

Rental & Market Context

Potential BRRR Position

BRRR analysis is unsupported without verified planning status, development costs, completed values, rents and finance assumptions. The stated 2007 planning reference requires legal and planning verification before relying on the proposed 12-unit scheme.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence, GDV, build cost or total project cost is supplied. The site is not presented as an income-producing asset.

Flip Analysis

A flip surplus cannot be calculated because no GDV, construction budget, professional costs, selling costs or resale evidence is supplied.

Investor Risks & Due Diligence

• Current validity and status of the stated 2007 planning permission are not evidenced.

• No GDV or comparable sales evidence is supplied.

• No construction, professional, finance or contingency costs are supplied.

• Auction disbursements, seller costs, legal fees and transfer fees may be payable but are unspecified.

• The stated 12-unit scheme and site constraints require verification through the legal and planning packs.

Recommendation

Proceed only after full legal, planning, technical and development appraisal evidence is obtained. Do not rely on the guide price alone.

Strategy Rating

Analysis Confidence

Planning and unit mix are described, but there are no valuation comparables, rental evidence, build costs, current planning confirmation or complete fee information.