Land r/o 12, Uplands Close, Billericay, Essex, CM12 0SY

Description

Freehold site extending to approximately 3,812 sq ft with future development opportunity, subject to planning and other necessary consents. The site is sold on an unconditional basis. The CGI and plans are indicative only. Buyers must rely on their own enquiries regarding development potential and permissions required.

Location

Billericay is approximately 7 miles from Chelmsford, Basildon and Brentwood and approximately 28 miles east of Central London. Billericay Station is opposite the property and provides services to London Liverpool Street, with a journey time of approximately 30 minutes. The town has road access to the M25 via the A12 and A127.

Tenure / Property Information

Investment Analysis

This is a freehold development site of approximately 3,812 sq ft, offered unconditionally. The £20,000 guide is not a supported market value or residual land valuation. The supplied sold comparables are completed sales of nearby houses, not development land, so they do not establish GDV for this site. No planning permission, accommodation schedule, scheme, build cost, professional fee, finance cost or resale evidence is supplied. The CGI and plans are indicative only, and development potential must be established through the buyer's own enquiries.

Investment Snapshot

Strategy Recommendation

Treat only as a speculative land and planning opportunity. Proceed only after satisfactory planning, legal, access, services and development-appraisal due diligence; do not rely on the indicative CGI, nearby house sales or the guide price as evidence of profit.

Works Required

No physical works can be specified from the evidence. The immediate requirement is to investigate planning prospects, required consents, access, services, site constraints and the legal title before committing to the unconditional purchase.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not assessable. There is no completed or consented dwelling, no supported GDV, no build or refurbishment budget and no refinance valuation. The unconditional structure creates material planning and delivery risk before any refinance case can be tested.

Buy-to-Let Analysis

BTL is not assessable because the property is land with no supplied accommodation or supported rental evidence. The £1,645 pcm evidence relates to an advertised five-bedroom property in Shenfield and is not an appropriate supported rent for this site.

Flip Analysis

A flip appraisal cannot be calculated reliably. Nearby house sales range from £285,000 to £545,000, but these are not direct land or new-build comparables and cannot establish the site's GDV. No supported selling allowance, development cost or planning outcome is provided.

Investor Risks & Due Diligence

• Development potential and required permissions are unconfirmed.

• The site is sold unconditionally, so the buyer may be committed irrespective of planning outcome.

• CGI and plans are expressly indicative only.

• No supported GDV, build-cost appraisal or resale evidence is available.

• A £1,800 inclusive-of-VAT contract documentation fee is payable, and the seller may charge additional completion fees.

• The supplied residential sold comparables are not direct evidence of land value or achievable development value.

Recommendation

Treat only as a speculative land and planning opportunity. Proceed only after satisfactory planning, legal, access, services and development-appraisal due diligence; do not rely on the indicative CGI, nearby house sales or the guide price as evidence of profit.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, approximate site area, guide price and location context, but provides no planning status, consented scheme, GDV, build costs, development constraints, rent or direct land comparables.