Land to the Rear of 175 Queens Road, Croydon, Surrey, CR0 2PX

Description

A plot of land measuring approximately 318 sq m (3,423 sq ft), offered with planning permission for the erection of a detached five bedroom house.

Accommodation

Ground Floor: Two Reception Rooms (One with Open-Plan Kitchen), Utility Room, WC. First Floor: Three Bedrooms (One with En-Suite), Bathroom. Second Floor: Two Bedrooms, Bathroom.

Location

The land is situated on a residential road close to local shops and amenities. The open spaces of Whitehorse Road Recreation Ground are within easy reach. Transport links are provided by Thornton Heath rail station.

Tenure / Property Information

Investment Analysis

The guide is £90,000+, plus an £1,800 inc VAT admin charge and potentially payable search, legal, transfer and sellers’ costs. Sold comparables on Queens Road range from £329,000 to £430,000, but they are existing terraced/semi-detached houses and no floor areas or direct new-build comparables are supplied. A supported GDV, build cost or maximum bid cannot therefore be established.

Investment Snapshot

Strategy Recommendation

Treat as a planning-led development opportunity only after verifying the planning permission, legal pack, build costs, end value and all purchaser costs.

Works Required

Construct the permitted detached five-bedroom house, including the stated accommodation, associated car parking and proposed bicycle storage. No construction specification or cost evidence is supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR appraisal cannot be completed without supported construction costs, GDV, rent, finance costs and a detailed planning/legal review. The permitted five-bedroom scheme may offer development potential, but the available evidence is insufficient to quantify refinance proceeds or cash left in.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and yield cannot be established. The property is currently development land rather than an income-producing dwelling.

Flip Analysis

A flip appraisal cannot be completed reliably. The supplied house sales provide only broad local context and are not sufficiently comparable to the proposed dwelling; construction costs and selling costs are also unavailable.

Investor Risks & Due Diligence

• Construction costs are not supplied.

• The supplied sold comparables are existing houses and may not represent the proposed dwelling’s value.

• Search, legal, transfer, sellers’ and other disbursement costs may be payable.

• Planning permission details, conditions and deliverability have not been provided.

• No rental evidence is available to support a BTL or refinance assessment.

Recommendation

Treat as a planning-led development opportunity only after verifying the planning permission, legal pack, build costs, end value and all purchaser costs.

Strategy Rating

Analysis Confidence

Planning permission and local sold prices are supplied, but there is no detailed planning information, build-cost evidence, directly comparable GDV evidence, rental evidence or complete fee schedule.