Land to the North and West of 19 Filgrave, Newport Pagnell, Buckinghamshire, MK16 9ET

Description

A Plot of Land Measuring Approximately 513 sq m (5,520 sq ft). Potential for Development (Subject to Obtaining all Relevant Consents)

Accommodation

The lot comprises a plot of land measuring approximately 513 sq m (5,520 sq ft).

Location

The land is situated on a residential road close to local shops and amenities. The open spaces of Emberton Playing Fields are within easy reach. Transport links are provided by Wolverton rail station and the A509.

Tenure / Property Information

Investment Analysis

The site comprises approximately 513 sq m of freehold land with potential for development subject to all relevant consents. The supplied Land Registry comparables are completed sales of houses on Filgrave, ranging from £315,000 to £590,000, and are not directly comparable to undeveloped land. No planning permission, proposed scheme, residual valuation, build-cost evidence or land-sale comparable is supplied; therefore GDV and a supported maximum bid cannot be established.

Investment Snapshot

Strategy Recommendation

Only pursue as a speculative land-and-planning opportunity after reviewing the legal pack and obtaining planning, access, servicing, abnormal-cost and residual-value advice. Do not rely on the nearby house sales as land GDV evidence.

Works Required

No building works are evidenced. The key potential activity is investigating and obtaining any required planning and other relevant consents, supported by appropriate professional and technical reports. No allowance can be quantified from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy is not supportable on the supplied evidence. There is no completed dwelling, planning consent, refurbishment budget, GDV or refinance valuation. The £65,000+ guide plus the known £1,800 administration charge implies at least £66,800 before any purchase-price premium, legal costs, disbursements, planning, professional or development costs.

Buy-to-Let Analysis

BTL analysis is not supportable because the asset is undeveloped land and no sufficiently specific rental evidence or auctioneer rent estimate is provided. A rental yield cannot be established.

Flip Analysis

A flip surplus cannot be calculated. The house comparables on Filgrave do not establish the value of this undeveloped plot, and no planning outcome, development design, build cost, selling allowance or completed GDV is supplied.

Investor Risks & Due Diligence

• Development potential is expressly subject to obtaining all relevant consents.

• No planning permission or confirmed acceptable development scheme is supplied.

• House sale comparables are not directly comparable to undeveloped land.

• Development, professional, legal, servicing and other costs are unknown.

• Additional disbursements and charges may be payable under the legal pack and Special Conditions of Sale.

• There is no rental evidence to support an income strategy.

Recommendation

Only pursue as a speculative land-and-planning opportunity after reviewing the legal pack and obtaining planning, access, servicing, abnormal-cost and residual-value advice. Do not rely on the nearby house sales as land GDV evidence.

Strategy Rating

Analysis Confidence

The evidence confirms site size, tenure, guide price and a known administration charge, but provides no planning position, development scheme, land comparables, costs, rental evidence or GDV.