Land off Outermarch Road, Radford, Coventry, West Midlands, CV6 3FQ

Description

Parcel of land, former garden land to No. 66 Owenford Road, accessed from Outermarch Road. Approximately 0.04 acres with road frontage. Potential for various uses, subject to consents. The site is being sold with no planning permission in place.

Location

Former garden land to No. 66 Owenford Road, accessed from Outermarch Road, with road frontage.

Tenure / Property Information

Investment Analysis

The available sold comparables are freehold terraced houses on Owenford Road (£133,000–£188,000) and are not sufficiently comparable to this approximately 0.04-acre parcel of former garden land. There is no land comparable, planning permission, rental evidence or formal development valuation. The £20,000–£40,000 auction guide is not a supported market value, and the potential uses remain subject to consents.

Investment Snapshot

Strategy Recommendation

Treat as speculative land acquisition only. Do not bid without planning, title, access, services and development-feasibility due diligence, together with a complete allowance for the stated additional fees.

Works Required

No physical works are evidenced. The key requirement is investigation of access, title, services, permitted uses and planning potential before bidding; any development works would depend on obtaining the necessary consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be modelled. There is no supported GDV, refurbishment budget, rental income or refinance basis, and the site has no planning permission in place.

Buy-to-Let Analysis

BTL cannot be assessed because the asset is land, no accommodation or rental use is stated, and no sufficiently specific rental comparable or auctioneer rent estimate is available.

Flip Analysis

A flip appraisal cannot be supported because there is no planning permission, no land valuation evidence and no supported end value or construction cost. The house comparables cannot be used as a site GDV without an approved scheme and development appraisal.

Investor Risks & Due Diligence

• No planning permission is in place.

• Potential uses are subject to consents.

• The terraced-house sold comparables are not direct evidence of land value.

• Additional search fees, seller costs, legal fees and transfer fees may be payable.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• The site is accessed from Outermarch Road and has road frontage, but no evidence confirms services, access rights or development suitability.

Recommendation

Treat as speculative land acquisition only. Do not bid without planning, title, access, services and development-feasibility due diligence, together with a complete allowance for the stated additional fees.

Strategy Rating

Analysis Confidence

Evidence confirms the land size, tenure, access description, guide range and fee structure, but provides no planning consent, land comparables, development scheme, costs, rent or GDV.