Land @ Clark Spring Rise, Morley, Leeds, West Yorkshire, LS27 7UT

Description

Current vacant plot situated in Morley, Leeds. Auction House have not visited or inspected the land. Purchasers are deemed to rely on their own enquiries regarding possible development potential, planning, consents, rights over the land, adopted highways and public rights of way. Approx. 2,714m² total area. Investment potential and excellent prospect for a range of uses.

Accommodation

Current vacant plot; approx. 2,714m² total area.

Location

The land is situated in Morley, Leeds, approximately five miles south-west of Leeds city centre. The location provides access to the M621, M1 and M62 motorway networks. Morley railway station is approximately 0.6 miles away, with Cottingley station also nearby. Leeds city centre and Leeds Bradford Airport are accessible.

Tenure / Property Information

Investment Analysis

The property is a vacant freehold plot of approximately 2,714m². No planning consent, development scheme, access position, services, rights, highway status or public rights of way information is supplied. The auctioneer has not inspected the land. The five sold comparables are detached houses on the same road, ranging from £365,000 to £409,500, but they do not provide reliable evidence of the land's standalone value or any completed-development GDV. The £49,000–£70,000 guide is the only supplied pricing evidence. Buyer premium and admin charge total £2,400 including VAT, with possible additional disbursements.

Investment Snapshot

Strategy Recommendation

Do not underwrite this as a BTL or development acquisition without satisfactory independent planning, legal, access, services and viability due diligence. Treat the guide as speculative land pricing only.

Works Required

No physical works can be specified from the evidence. Before bidding, establish planning and development potential, access, services, rights, adopted highway status, public rights of way and any required consents through independent enquiries.

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 supported GDV, planning consent, development appraisal, works budget or rental figure, so refinance proceeds and retained equity cannot be calculated.

Buy-to-Let Analysis

BTL is not assessable because the asset is vacant land with no dwelling, supported rental evidence or passing rent. The supplied Morley asking rents relate to houses and flats and cannot be applied to this plot.

Flip Analysis

A land or development flip cannot be quantified from the evidence. The nearby detached-house sales provide context for completed residential properties only and do not establish the value of this plot or a resale surplus. Any development appraisal would require planning, design, cost, access and sales evidence.

Investor Risks & Due Diligence

• No auctioneer inspection has been undertaken.

• Development potential, planning and required consents are unconfirmed.

• Access, rights over the land, adopted highways and public rights of way require independent verification.

• Services and their availability or connection costs are not supplied.

• Possible search fees, seller cost reimbursements, legal fees, transfer fees and other disbursements may be payable.

• House sale comparables do not establish the value of the vacant plot.

Recommendation

Do not underwrite this as a BTL or development acquisition without satisfactory independent planning, legal, access, services and viability due diligence. Treat the guide as speculative land pricing only.

Strategy Rating

Analysis Confidence

The plot has not been inspected and there is no planning, consent, access, services, development, valuation, works, rent or GDV evidence. The available comparables are completed detached houses rather than land sales.