Land west side of, Balk Avenue, WAKEFIELD, West Yorkshire, WF3 4GZ

Description

Parcel of Land. Potential Development Opportunities. Set within the popular area of Stanley is this parcel of land offering potential development opportunities subject to any necessary consent. It is sold with no planning permission in place and prospective purchasers should make their own enquires as to what options are available, prior to purchasing. The plot of land is located just a short distance from Wakefield City Centre which hosts a range of amenities such as shops, bars, restaurants and Theatre Royal. The city is conveniently served by Wakefield railway station for travelling to surrounding areas. Interested clients should refer to legal pack for further details on the land prior to bidding.

Location

Set within the popular area of Stanley, a short distance from Wakefield City Centre, which has shops, bars, restaurants and Theatre Royal. Wakefield railway station provides travel to surrounding areas.

Tenure / Property Information

Investment Analysis

This is a freehold land parcel with potential development opportunities but no planning permission. The supplied sold comparables are houses on Balk Avenue (£270,995–£404,995) and are not directly applicable to valuing land. No land valuation, planning consent, site area, permitted use, development appraisal or sufficiently specific rental evidence is supplied; therefore GDV and investment returns cannot be reliably estimated.

Investment Snapshot

Strategy Recommendation

Treat as a speculative land acquisition only. Do not bid on assumed development value; review the legal pack and establish planning feasibility, permitted use and development economics first.

Works Required

No refurbishment or construction scope can be supported from the evidence. The immediate requirement is planning, legal-pack and development feasibility due diligence before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not currently assessable. There is no supported development scheme, GDV, works budget, rental estimate or refinance valuation. At the £12,000 guide, the known purchase price plus the £1,800 inclusive-of-VAT contract documentation fee would be £13,800 before any applicable seller fees, but total project cost remains unknown.

Buy-to-Let Analysis

BTL is not assessable because the property is land with no stated accommodation and no rental evidence. No rent or yield should be assumed.

Flip Analysis

A flip appraisal cannot be completed because there is no planning permission, supported development proposal, land GDV or selling-cost allowance. The house comparables cannot be used as a direct resale valuation for this parcel.

Investor Risks & Due Diligence

• No planning permission is in place.

• Development potential is expressly subject to any necessary consent.

• No site area, development scheme or land-specific valuation is supplied.

• Additional seller fees may be payable if stated in the Special Conditions of Sale.

• The legal pack requires review before bidding.

Recommendation

Treat as a speculative land acquisition only. Do not bid on assumed development value; review the legal pack and establish planning feasibility, permitted use and development economics first.

Strategy Rating

Analysis Confidence

The guide price, tenure, location, fee and nearby house sales are supplied, but crucial land-specific evidence such as site area, planning potential, access, services, valuation, development costs and resale or rental evidence is absent.