Land lying to the East of Monarchs Road, Sutterton, Boston, Lincolnshire PE20 2HJ

Description

Roughly rectangular plot of grass land extending to approximately 6 acres. Situated to the east of Monarchs Road. The land may suit a variety of uses, subject to the necessary consents being obtained. All interested parties are advised to consult with the local council with regard to their intended use prior to bidding.

Accommodation

Roughly rectangular plot of grass land extending to approximately 6 acres.

Location

Situated to the east of Monarchs Road, Sutterton, Boston, Lincolnshire.

Tenure / Property Information

Investment Analysis

The evidence supports only a guide price of £50,000 for approximately 6 acres of freehold grass land. The supplied sold comparables are houses on Monarchs Road, not land, and therefore do not establish a land value or development GDV. No planning consent, permitted use, rental evidence or development costs are supplied.

Investment Snapshot

Strategy Recommendation

Do not bid on the available evidence alone. Obtain planning advice, review the legal pack and establish a supported land valuation before bidding.

Works Required

No specific works are evidenced. Any intended use would require investigation of planning and other necessary consents with the local council.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is unsupported because no residential use, planning consent, GDV, rent or refurbishment/development cost evidence is provided.

Buy-to-Let Analysis

BTL cannot be assessed: the property is grass land with no residential accommodation and no sufficiently specific rental evidence.

Flip Analysis

A flip or development resale surplus cannot be calculated. The supplied residential sales are not suitable land comparables, and no consent or GDV is evidenced.

Investor Risks & Due Diligence

• Intended use is subject to necessary consents.

• No planning consent or development potential is evidenced.

• Residential sold comparables do not establish the land’s market value.

• Additional search, seller, legal, transfer and disbursement costs may apply.

• The 2.75% administration charge is subject to a £3,600 minimum including VAT.

Recommendation

Do not bid on the available evidence alone. Obtain planning advice, review the legal pack and establish a supported land valuation before bidding.

Strategy Rating

Analysis Confidence

Only the approximate land area, guide price, tenure, minimum administration charge and non-comparable residential sales are supplied; use, consent, value, rent and development costs are unknown.