Land on the East Side of 5 East Ridge View, Bideford, Devon EX39 4RS

Description

A triangular plot of land in Bideford. Planning permission has been granted for the erection of a two-bedroom detached bungalow with garage. Further details can be found on the Torridge Council website under planning number 1/0697/2025/FUL.

Accommodation

Planning permission has been granted for a two-bedroom detached bungalow with garage.

Location

A triangular plot of land in Bideford.

Tenure / Property Information

Investment Analysis

The evidence confirms planning permission for a two-bedroom detached bungalow with garage. Nearby completed sales range from £188,000 to £305,000, including two detached sales at £240,000, but these are completed houses rather than the proposed bungalow and no plot size, build specification, floor area or development appraisal is supplied. A reliable GDV cannot therefore be established.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the full planning permission and legal pack and obtaining a detailed build-cost, GDV and exit appraisal. Do not set a bid limit from the supplied evidence alone.

Works Required

Develop the triangular freehold plot in accordance with planning permission 1/0697/2025/FUL, including construction of the permitted two-bedroom detached bungalow and garage. Detailed construction works and costs are not supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be underwritten from the supplied evidence. The guide price is £60,000, with known buyer premium and admin charge of £3,600, but development costs, completed value, rent and refinance terms are unavailable.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. Build cost, finance and other acquisition costs are also unknown.

Flip Analysis

A development resale may be possible following construction, and nearby completed sales provide some local context. However, no reliable GDV, construction budget, professional fees, finance costs or selling allowance is supplied, so project profit cannot be calculated.

Investor Risks & Due Diligence

• Development and construction costs are not supplied.

• The proposed bungalow’s floor area, specification and planning conditions are not supplied.

• Completed house comparables may not represent the value of the proposed property.

• No sufficiently specific rental evidence is available.

• Search fees, seller costs, legal fees, transfer fees and other disbursements may be payable.

• The triangular plot may require detailed design and technical review.

Recommendation

Proceed only after reviewing the full planning permission and legal pack and obtaining a detailed build-cost, GDV and exit appraisal. Do not set a bid limit from the supplied evidence alone.

Strategy Rating

Analysis Confidence

Planning consent, tenure, guide price, known charges and local sold comparables are supplied, but there is no plot/build specification, development cost, rental evidence, GDV valuation or full fee schedule.