Land Lucerne Close, Aldermans Green, Coventry, West Midlands

Description

Parcel of land approximately 0.43 acres. Potential for various uses, subject to consents and access.

Location

The site can be found on the left hand side upon entering Lucerne Close off Eburne Road to the north of Coventry heading towards Exhall and Bulkington.

Tenure / Property Information

Investment Analysis

No guide price, planning consent, development scheme or land comparable is supplied. Nearby completed house sales (£240,000–£325,000) do not establish the value of this 0.43-acre parcel. Land value and GDV cannot be reliably estimated.

Strategy Recommendation

Do not bid without establishing planning prospects, lawful access, services, title constraints and all legal-pack costs. Obtain a site-specific land valuation before setting a bid limit.

Works Required

No works can be specified. Any use or development is subject to consents and access, requiring investigation before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be assessed because there is no supported acquisition price, development value, planning consent, rental income or refinance valuation.

Buy-to-Let Analysis

Not suitable for supported BTL analysis: there is no accommodation or rental evidence, and the auctioneer has provided no rent estimate.

Flip Analysis

A flip appraisal cannot be completed. The supplied nearby house sales are not sufficiently comparable to value the land, and no development consent, scheme, costs or selling allowance is provided.

Investor Risks & Due Diligence

• Potential uses and development are subject to consents and access.

• No supported valuation or guide price is available.

• Additional legal-pack costs may include searches, seller costs, legal fees, transfer fees and disbursements.

• No rental income or accommodation is evidenced.

Recommendation

Do not bid without establishing planning prospects, lawful access, services, title constraints and all legal-pack costs. Obtain a site-specific land valuation before setting a bid limit.

Strategy Rating

Analysis Confidence

The evidence confirms only the approximate site area, freehold tenure and vacant possession; guide price, planning position, access detail, costs, land comparables and income evidence are absent.