Land to the rear of, 41-45 Bowman Road, Great Barr, Birmingham, B42 2RN

Description

Freehold vacant land, which may be suitable for a variety of uses, subject to obtaining the necessary planning consents. A D-shaped parcel of land rear of 41-45 Bowman Road, Oscott. The site extends to approximately 89 sq.m. (957.9 sq.ft.) or thereabouts.

Location

The land is situated to the rear of Bowman Road in Great Barr, a well-established residential area to the north-west of Birmingham. The surrounding area benefits from a range of local shops, schools, community facilities and recreational amenities, with further retail and leisure facilities available in nearby Great Barr and West Bromwich. Excellent transport links provide convenient access to Birmingham city centre and the wider West Midlands, with the M6 motorway readily accessible.

Tenure / Property Information

Investment Analysis

The subject is a vacant freehold parcel of approximately 89 sq.m. (957.9 sq.ft.) with no stated planning consent or established use. The Bowman Road completed sales (£185,000–£250,000) relate to houses and cannot support a land GDV. The £5,000+ guide is subject to substantial uncertainty because development potential, access, services, restrictions and planning feasibility are not evidenced. Known stated costs are the £3,500 plus VAT admin charge and £2,900 professional fees; VAT on the admin charge is not quantified.

Investment Snapshot

Strategy Recommendation

Only pursue as speculative development land after confirming planning potential, lawful access, services, title constraints and total acquisition costs. Do not rely on the nearby house sales or the £640 pcm rent evidence.

Works Required

No physical works can be specified from the evidence. The key requirement is planning, legal and technical due diligence to establish whether any use or development is feasible; associated costs are not supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not currently supportable. There is no evidenced rentable accommodation, planning consent, GDV, works budget or refinance valuation. The stated purchase guide plus the £3,500 admin charge and £2,900 professional fees totals £11,400 before VAT on the admin charge and before any other costs.

Buy-to-Let Analysis

BTL is not assessable because the asset is vacant land with no accommodation and no supported rental evidence applicable to the subject. The £640 pcm advertised rent is not shown to relate to this land.

Flip Analysis

A flip appraisal cannot be established because no planning consent, proposed scheme, land comparable or supported GDV is provided. The residential Bowman Road sales are not sufficient evidence for the value of this parcel. Selling costs are also not supplied.

Investor Risks & Due Diligence

• No planning consent or confirmed development use is evidenced.

• The nearby completed sales are residential house sales, not land comparables.

• Access, services, title restrictions and site constraints are not provided.

• The admin charge is stated plus VAT, but the VAT amount is not supplied.

• Development, professional, finance, resale and other transaction costs are not quantified.

• No supported rental accommodation or passing rent exists for the subject.

Recommendation

Only pursue as speculative development land after confirming planning potential, lawful access, services, title constraints and total acquisition costs. Do not rely on the nearby house sales or the £640 pcm rent evidence.

Strategy Rating

Analysis Confidence

The guide, site area, tenure, location and stated fees are supplied, but there is no planning position, land valuation evidence, development scheme, servicing information, works budget, relevant rent or exit valuation.