Land to the Rear of 55 Brennan Road, Tilbury, Thurrock, RM18 8AL

Description

A Single Storey Lock Up Garage Situated on a Plot of Land Measuring Approximately 98 sq m (1,055 sq ft). Potential for Development (Subject to Obtaining all Relevant Consents)

Accommodation

The lot comprises a garage situated on a plot of land measuring approximately 98 sq m (1,055 sq ft).

Location

The land is situated on a residential road close to local shops and amenities. The open spaces of King George's Field are within easy reach. Transport links are provided by Tilbury rail station.

Tenure / Property Information

Investment Analysis

The evidence confirms a 98 sq m freehold plot with a single-storey lock-up garage and possible development potential subject to all relevant consents. The Brennan Road sold comparables are completed sales of houses and are not sufficiently comparable to value this land or establish a development GDV. No planning permission, consented scheme, land valuation, garage rental evidence or development appraisal is supplied. The £20,000+ guide plus the £1,800 inc VAT administration fee gives a known minimum guide-level acquisition outlay of £21,800 before any other costs or disbursements, but a prudent maximum bid cannot be established from the evidence.

Investment Snapshot

Strategy Recommendation

Treat as a speculative land and planning opportunity only. Do not bid on a BTL or BRRR basis; proceed only after satisfactory legal, title, access, services and planning due diligence, with a land-specific valuation.

Works Required

No refurbishment scope or defects are evidenced. Required pre-acquisition work would be planning and legal due diligence, including assessment of development feasibility, access, services, title and any restrictions. Any physical works to the garage or land remain unsupported by the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not currently supportable because there is no consented residential scheme, GDV, refurbishment budget, rental evidence or refinance valuation. Any refinance assumption would be speculative until planning and development feasibility are confirmed.

Buy-to-Let Analysis

BTL analysis cannot be established. The evidence provides no passing rent or rental listing for the garage or land; the supplied £1,000 pcm listing relates to a two-bedroom house elsewhere on Fielding Avenue and is not applicable evidence for this lot.

Flip Analysis

A flip appraisal cannot be established. The available sold comparables are houses rather than comparable land, garages or completed development units. No planning consent, build specification, development cost or supported resale value is supplied.

Investor Risks & Due Diligence

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

• The supplied sold comparables are houses and do not establish the value of this land or garage.

• Unknown legal-pack disbursements and other possible charges may increase the acquisition cost.

• No applicable rental evidence is provided for the garage or land.

• Access, services, title restrictions and development feasibility are not evidenced.

Recommendation

Treat as a speculative land and planning opportunity only. Do not bid on a BTL or BRRR basis; proceed only after satisfactory legal, title, access, services and planning due diligence, with a land-specific valuation.

Strategy Rating

Analysis Confidence

The lot description, tenure, guide and administration fee are supplied, but there is no planning position, legal-pack detail, comparable land evidence, development appraisal, condition assessment or applicable rental evidence.