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Land on the East Side of 5 East Ridge View, Bideford, Devon EX39 4RS
Marketed by:
Auction House South West
2 Cattedown Rd, Plymouth PL4 0EG, UK
01752 474200
Freehold Land with Bungalow Planning Permission
Land on the East Side of 5 East Ridge View, Bideford, Devon EX39 4RS
Withdrawn
£60,000+
• 2 Bedrooms
• Land
• Freehold
• Garage
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
Tenure |
Freehold |
Parking |
Garage |
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
Guide Price |
£60,000 (plus fees) |
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
|
No sufficiently specific external rental comparable identified. |
|
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
14, East Ridge View, Bideford, Torridge, Ex39 4rs |
£240,000 |
|
3, East Ridge View, Bideford, Torridge, Ex39 4rs |
£240,000 |
|
65, East Ridge View, Bideford, Torridge, Ex39 4rs |
£222,000 |
|
47, East Ridge View, Bideford, Torridge, Ex39 4rs |
£188,000 |
|
46, East Ridge View, Bideford, Torridge, Ex39 4rs |
£305,000 |
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
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Low |
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.
Auction Details :
Auction House South West
Auction Date :
21/10/26
Lot Number :
013
Property Location:
Land on the East Side of 5 East Ridge View, Bideford, Devon EX39 4RS
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Building Suppliers in your area
Tradespersons in your area
Professionals in your area
Benchmarx Bideford
Kitchens
Tel:
01237 424644
CEF Bideford
Electrical Suppliers
Tel:
01237471717
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