Land on the west side of High Street, Clay Cross, Chesterfield, Derbyshire S45 9DX

Description

Auctioneer: Parcel of land believed to measure approximately 0.02 hectares. Permission in Principle was granted by North East Derbyshire District Council on 30 January 2026 under application 25/00929/PIP for the erection of one dwelling. Only the area shown red on the planning plan is offered for sale.

Accommodation

Development land only; no existing accommodation.

Location

The site fronts High Street in Clay Cross, south of Chesterfield, with access to the A61 and local shops/services. The location provides links toward Chesterfield, Alfreton and the M1 corridor, supporting demand for a modest residential development subject to detailed design and viability.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Development. The guide price should be treated as the starting point only. A maximum bid should be based on verified legal-pack liabilities, property condition, finance terms and local market evidence rather than the guide alone.

Works Required

• Obtain technical-details consent following Permission in Principle

• Confirm access, visibility, boundaries and rights

• Commission utilities/drainage and ground-condition investigations

• Prepare architect, structural and engineering designs

• Allow for demolition/site clearance if required and full new-build costs

Rental & Market Context

Not applicable in the property's present form because this is development land. Any future rental assessment should be undertaken once the dwelling type, size and specification are fixed through the planning process.

Sold within approximately 5 miles

Reliable recent sold-comparable evidence has not been inserted without property-level verification. Land Registry and closely matched local comparables should be checked for type, condition, tenure and accommodation before setting a maximum bid.

Potential BRRR Position

Not applicable to the land in its present form. Development finance and an exit refinance can only be modelled once the final dwelling specification and end value are established.

Development / Flip Analysis

Using HB indicative build/works of £140,000–£190,000 and an indicative completed value of £220,000–£280,000, the simple gross spread is roughly £25,000–£135,000 before professional fees, planning costs, finance, utilities, CIL/S106, contingency, tax and selling costs. This is not profit.

Investor Risks & Due Diligence

• PIP is not the same as full detailed planning permission

• Verify exact red-line boundary and retained blue land

• Check access rights, services, drainage and contamination/geotechnical matters

• Obtain a detailed build-cost plan and professional-fee budget

• Confirm CIL/S106 or other planning obligations before setting a maximum bid

Recommendation

Initial recommendation: Development. The opportunity is strongest where the source facts can be verified and the total project cost remains comfortably below a conservatively evidenced end value. Do not bid solely on the headline yield or guide price.

Strategy Rating

Development: ★★★★★ | Flip/Resale: ★★★★☆ | Buy-to-Let: ★★☆☆☆