Land @ Cardwell Street, Stoke-On-Trent, Staffordshire, ST1 6PN

Description

LAND FOR SALE IN HANLEY BY AUCTION 7th - 8th SEPTEMBER FOR SALE VIA ONLINE AUCTION ON MONDAY 7th September AT 1PM UNTIL TUESDAY 8th September 11AM. Current Vacant plot situated in the location of Northwood. AUCTION HOUSE have not visited or inspected the land. Purchasers are deemed to rely on their own enquiries with regard to any possible development potential for this individual plot in respect of planning and any other consents or rights over the land including adopted highways, public right of ways etc. Auction House welcomes this freehold land for sale by Auction. OUTLINE PLANNING HAS BEEN APPLIED FOR 100m² total Area APPROX Architects Drawings of possible proposed Dwelling. Brilliant Views location for HANLEY town centre, Bet365 and Royal Stoke Hospital. Investment and development potential. Tenure: Freehold

Accommodation

Land/plot lot; conventional residential accommodation is not applicable. Confirm site area, boundaries, access and services from the title plan and legal pack.

Location

Located in Stoke-On-Trent, Staffordshire. Investor due diligence should test local transport, employment, amenities and tenant demand at the exact micro-location. Cross-check the postcode and legal title before bidding.

Investment Analysis

The figures below separate auctioneer/source facts from HB indicative estimates. HB figures are screening assumptions only and are not a RICS valuation, contractor quotation or lending decision.

Investment Snapshot

Strategy Recommendation

The initial strategy should be tested against condition, legal structure, works, rental evidence and comparable values before setting a maximum bid. Development feasibility, access, services and planning are the core value drivers for this lot.

Works Required

• Boundary/title-plan verification

• Access and services investigation

• Planning review / pre-application advice

• Site clearance and ground-condition checks

• Detailed development cost plan

Rental & Market Context

A conventional residential rental estimate is not applicable to this land/development lot. Income should be assessed only where an existing use or credible consented scheme supports it.

Sold within approximately 5 miles

Reliable sold-property comparables were not collected from the supplied scrape. Check recent Land Registry evidence and closely comparable sold listings within approximately five miles, prioritising the same property type, size, tenure and condition.

Potential BRRR Position

Not applicable at this stage. Any refinance case depends on the eventual use, completed value and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-11,000–£3,000 before acquisition/disposal costs. This is not profit and excludes SDLT, auction/admin fees, legal costs, finance, holding costs, insurance, utilities, professional fees, selling fees, contingency and tax.

Investor Risks & Due Diligence

• Review legal pack, title and special conditions

• Confirm auction fees and completion period

• Obtain survey and works quotations

• Verify finance before bidding

• Check rental and sold comparable evidence

• Confirm planning, access, services, boundaries and ground conditions

Recommendation

Initial recommendation: Development / Land. Proceed only if the legal pack, condition, costs and local evidence support the required margin/yield. Treat the guide as a starting point rather than a valuation and set a disciplined maximum bid after due diligence.

Strategy Rating

• Development: ★★★★★

• Flip: ★★★★☆

• Buy-to-Let: ★★☆☆☆