Land off Mill Road, Stokesby, Great Yarmouth, Norfolk NR29 3AL

Description

Small parcel of land extending to around 0.1 of an acre (stms). This broadly triangular parcel of land extends to around 0.1 of an acre (stms). The grass area is located in front, adjoining and opposite residential properties and is located on the corner of Mill Road and Filby Road. The site has been in the same family ownership for many years and is sold with vacant possession.

Location

Located within the Broads National Park in a village less than three miles east of Acle, on the corner of Mill Road and Filby Road.

Tenure / Property Information

Investment Analysis

The supplied sold comparables are residential houses and do not establish a market value for this approximately 0.1-acre land parcel. No planning consent, permitted use, development potential, services, access valuation or land comparable is supplied. Accordingly, a supported GDV or land value cannot be calculated. The known buyer premium and admin charge total £1,800 including VAT, in addition to the purchase price, with any legal-pack disbursements unknown.

Investment Snapshot

Strategy Recommendation

Do not bid on a return-focused basis without reviewing the legal pack and independently confirming planning potential, lawful use, access, services, boundaries and any restrictions. Treat only as a speculative land purchase if those matters support a clearly evidenced value.

Works Required

No refurbishment works are evidenced. Any future works or development would depend on planning, use, access, services and legal matters not supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supported. There is no evidenced rental income, development value, planning consent or refinance valuation, so purchase, works, refinance and cash-retention calculations cannot be completed.

Buy-to-Let Analysis

BTL is not supported by the evidence: the asset is vacant land with no accommodation and no sufficiently specific rental evidence or auctioneer rent estimate. Yield cannot be established.

Flip Analysis

A flip analysis cannot be quantified because the residential sold comparables are not comparable to the land and no supported land GDV, planning uplift or selling-cost allowance is provided. The known £1,800 buyer and admin charges would be payable in addition to the purchase price, subject to the auction terms.

Investor Risks & Due Diligence

• No planning consent or development potential is supplied.

• Permitted use and any restrictions affecting the land are unknown.

• Access, services, boundaries and rights benefiting or burdening the parcel are not evidenced.

• The site is within the Broads National Park, but the implications for use or development are not supplied.

• No land-specific market valuation or sufficiently comparable evidence is provided.

• Legal-pack disbursements may become payable and are not quantified.

Recommendation

Do not bid on a return-focused basis without reviewing the legal pack and independently confirming planning potential, lawful use, access, services, boundaries and any restrictions. Treat only as a speculative land purchase if those matters support a clearly evidenced value.

Strategy Rating

Analysis Confidence

Evidence confirms tenure, approximate size, location, vacant possession and auction charges, but provides no land comparables, planning information, permitted use, services, income or development valuation.