Land to the rear of 33 Moyser Road, Furzedown, London, SW16 6RL

Description

A freehold parcel of land comprising approximately 119.53 sq m (1,286 sq ft). Suitable for residential development subject to planning. Vacant.

Location

The site is situated in the popular Furzedown area of South West London, close to Graveney School, Penwortham and St Leonard’s primary schools. Moyser Road offers local amenities including a supermarket, independent shops, artisan bakeries, a pizzeria, brewery and café/creperie, all within a short walk. The site benefits from connectivity to Streatham, Tooting and the wider South London area. Public transport is available via local bus services and nearby rail and Underground stations. Road access is provided via the surrounding local network, with the A23 and A24 readily accessible.

Tenure / Property Information

Investment Analysis

The £95,000 guide is for a vacant freehold land parcel of approximately 1,286 sq ft, described as suitable for residential development subject to planning. The supplied Pretoria Road completed sales (£622,500–£1,080,000, with one lower 2023/2022 range comparable at £622,500) provide only broad local residential context and are not direct land or development comparables. No planning consent, proposed unit count, floor area, development design, build-cost evidence, professional-fee allowance, finance cost, selling cost or supported GDV is supplied. A reliable GDV, development appraisal or maximum bid therefore cannot be established.

Investment Snapshot

Strategy Recommendation

Treat as a planning-led land opportunity only after reviewing the legal pack and obtaining professional planning and development appraisals. Do not bid on a BTL or flip yield basis without confirmed consent, scheme details and costs.

Works Required

Planning and legal due diligence would be required before acquisition, including establishing whether residential development is feasible, the permissible scale and access arrangements. Any subsequent construction scope and costs are unsupported by the evidence and cannot be estimated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not assessable on the supplied evidence. There is no planning consent, completed residential accommodation, supported GDV, refurbishment/build-cost estimate or refinance basis. The land would first require planning and development viability confirmation.

Buy-to-Let Analysis

BTL cannot be assessed because the asset is vacant development land with no completed dwelling, accommodation schedule or supported post-development rental evidence. The £1,600 pcm figure is an asking rent for flats in Moyser Road and cannot be reliably applied to an unspecified future development.

Flip Analysis

A development flip cannot be underwritten from the evidence. Although nearby completed residential sales indicate local values, they are not direct land or new-build comparables, and no proposed scheme, GDV, construction budget or selling-cost allowance is supplied.

Investor Risks & Due Diligence

• Residential development is subject to planning and no planning consent or development scheme is supplied.

• Development capacity, saleable floor area and end value are unknown.

• Construction, professional, finance and selling costs are unavailable.

• Buyer premium amount is unstated and VAT or other seller charges may apply under the sale conditions.

• Existing parking rights benefiting neighbouring properties require review of the legal pack and may affect use, access or development design.

• Nearby completed residential sales are not direct land or proposed-development comparables.

Recommendation

Treat as a planning-led land opportunity only after reviewing the legal pack and obtaining professional planning and development appraisals. Do not bid on a BTL or flip yield basis without confirmed consent, scheme details and costs.

Strategy Rating

Analysis Confidence

The site size, tenure, guide price and local contextual evidence are supplied, but planning status, development capacity, access detail, costs, GDV and applicable rent are not established.