Land Lying To The North of, 10 Hadley Grove, Hadley Green, Barnet

Description

A Freehold Garage and Substantial Plot of Land on a site area of approximately 15,024 sq ft (0.346 acres). The site may have potential for development, redevelopment or alternative uses, subject to all necessary planning permissions, consents, and approvals. Interested parties should make their own enquiries and satisfy themselves as to the suitability of the site for their intended use.

Accommodation

Garage and substantial plot of land of approximately 15,024 sq ft (0.346 acres).

Location

The property is situated in a high wealth and highly established Hadley Green location, with Barnet Town Centre providing a wide range of shops, restaurants, cafés and other amenities. Transport facilities are readily accessible, with High Barnet Underground Station providing Northern Line services into Central London. The nearby Hadley Green and Monken Hadley Common provide extensive areas of attractive open space.

Tenure / Property Information

Investment Analysis

The £850,000–£1,500,000 Land Registry comparables are completed sales of houses on Hadley Grove, not comparable land or garages. They indicate an established high-value area but do not support a site GDV. No planning consent, development scheme, land comparable, or permitted use is supplied, so GDV and a maximum bid cannot be established.

Investment Snapshot

Strategy Recommendation

Treat only as a planning-led land opportunity. Do not bid on assumed development value without satisfactory planning, title, access, site and viability due diligence.

Works Required

No specific refurbishment works are evidenced. Required investigation would include planning and permitted-use enquiries, site suitability, access and legal title review, and any works required to the existing garage or land identified through due diligence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not currently supportable because there is no confirmed residential scheme, rental evidence, refurbishment budget, planning consent, or GDV. The guide plus the stated £1,500 buyer premium is £51,500 before any other costs, but total project cost remains unknown.

Buy-to-Let Analysis

BTL yield cannot be established. The property is described as a vacant garage and substantial plot, with no sufficiently specific rental evidence and no confirmed residential accommodation or permitted use.

Flip Analysis

A flip appraisal cannot be quantified. The supplied sold comparables relate to completed houses and do not establish the resale value of this garage and land. No supported selling allowance, planning outcome, scheme or works budget is available.

Investor Risks & Due Diligence

• Development potential is expressly subject to planning permissions, consents and approvals, none of which are supplied.

• The available sold comparables are houses and are not direct evidence of land or garage value.

• No rental evidence or confirmed residential accommodation supports an income strategy.

• The seller may charge additional completion fees under the special conditions, which are not provided.

• The buyer must fund the balance of a 10% deposit, subject to the stated £5,000 minimum.

• The suitability of the site for the intended use requires independent purchaser enquiries.

Recommendation

Treat only as a planning-led land opportunity. Do not bid on assumed development value without satisfactory planning, title, access, site and viability due diligence.

Strategy Rating

Analysis Confidence

The evidence confirms freehold ownership, vacant possession, approximate site area and location, but provides no planning position, land comparables, permitted scheme, GDV, works budget, rent or total acquisition-cost evidence.