Land on the west side of, Station Road, Leigh on Sea, Essex, SS9 3BP

Description

A vacant freehold parcel of land in a residential area considered to suit a variety of uses subject to relevant permissions. Located along Station Road, the plot measures 40 feet wide and 56 feet in depth. It measures approximately 0.048 acres with a 40-foot frontage. The size was taken from an online mapping service.

Location

Located close to Bonchurch Park and Belfairs Woods & Nature Reserve, both within walking distance. Leigh Broadway and mainline railway station are also close at hand, giving direct access into London Fenchurch Street.

Tenure / Property Information

Investment Analysis

The £100,000 guide is the only supported land price. The sold comparables are completed sales of detached or semi-detached houses and are not directly comparable to this vacant parcel. No planning consent, proposed scheme, build cost or residential GDV evidence is supplied, so GDV and maximum bid cannot be established.

Investment Snapshot

Strategy Recommendation

Proceed only as a planning-led land opportunity after due diligence; do not underwrite residential value from the house comparables.

Works Required

No refurbishment scope is evidenced. Investigate planning feasibility, access, services, site constraints and professional development costs before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not assessable without a supported development scheme, costs, completed value and rental evidence. The unspecified fees also prevent a total-cost calculation.

Buy-to-Let Analysis

BTL is not assessable because the asset is vacant land with no dwelling, no planning consent and no rental evidence.

Flip Analysis

A flip analysis cannot be quantified. The supplied house sales do not establish the value of this land, and no planning-led GDV, build cost or selling allowance is provided.

Investor Risks & Due Diligence

• Planning permission and development potential are unconfirmed.

• The sold comparables are houses rather than comparable land transactions.

• Plot dimensions were taken from an online mapping service and require verification.

• Buyer, administration and other fees are not quantified; the listing states £100,000 plus fees.

• No build-cost, rental or completed-value evidence is supplied.

Recommendation

Proceed only as a planning-led land opportunity after due diligence; do not underwrite residential value from the house comparables.

Strategy Rating

Analysis Confidence

Only the guide price, dimensions, location description and non-comparable house sales are supplied; planning, costs, GDV, fees and income evidence are absent.