Land to Rear of Saddlecote Close, Crumpsall, Manchester, Greater Manchester M8 5UR

Description

Freehold land situated to the rear of Saddlecote Close fronting on to Crescent Road in the Crumpsall area of North Manchester. Currently grassed with trees. Considered suitable for alternative uses, subject to the required consents being obtained. All interested parties are advised to consult with the local planning authority with regard to their intended use, prior to bidding. Title number: MAN279042.

Location

Situated to the rear of Saddlecote Close, fronting on to Crescent Road in the Crumpsall area of North Manchester.

Tenure / Property Information

Investment Analysis

No completed sales, planning consent, GDV evidence or site development details were supplied. The £5,000 guide is not a market valuation. Alternative use is only subject to required consents.

Investment Snapshot

Strategy Recommendation

Only consider bidding after confirming a viable permitted use and reviewing the legal pack, title and all purchaser disbursements.

Works Required

No physical works are evidenced. Obtain planning and legal advice regarding the intended alternative use before bidding.

Rental & Market Context

Potential BRRR Position

BRRR is not assessable without planning permission, a supported GDV, development costs, accommodation details or refinance valuation.

Buy-to-Let Analysis

BTL is not assessable because the asset is land with no accommodation or supported rental evidence. The supplied £550 pcm listing relates to a nearby four-bedroom flat, not this land.

Flip Analysis

A flip appraisal cannot be completed because no planning consent, GDV, comparable sales, development costs or supported selling allowance were supplied.

Investor Risks & Due Diligence

• Alternative use is subject to required consents and no planning outcome is supplied.

• The land is currently grassed with trees, but no site, access or development constraints assessment is supplied.

• The £3,600 minimum administration charge materially exceeds 2.75% of the £5,000 guide price.

• Special Conditions may include search fees, seller costs, legal fees, transfer fees and other disbursements.

• No rental income, accommodation or supported GDV is evidenced.

Recommendation

Only consider bidding after confirming a viable permitted use and reviewing the legal pack, title and all purchaser disbursements.

Strategy Rating

Analysis Confidence

Evidence is limited to a brief land description, guide price and stated auction charges; there are no planning, valuation, comparable, cost or income data.