Land with Planning and Additional Development Potential, Grove Lane, Padiham, Burnley, Lancashire BB12 8DP

Description

Description A freehold parcel of land extending to approximately 0.9 acres, situated in a well-regarded and established residential location in Padiham.

The site presents an attractive opportunity for developers and investors alike, comprising a parcel to the east with the benefit of planning permission for the construction of 5 townhouses, together with a larger section of land to the west which is not included within the current consented scheme but may offer further potential, subject to all necessary consents.

The property occupies a convenient position fronting Grove Lane, in an area considered well suited to residential development.

The sale therefore offers an excellent opportunity for a purchaser to progress the existing consented development whilst also exploring the longer-term potential of the adjoining land.

We understand the larger western parcel has previously been assessed positively within the SHLAA, which may provide further encouragement to parties considering the wider development prospects of the site, although all parties should rely on their own investigations.

Site Area Approximately 0.9 acres (0.36 hectares) Tenure Freehold Planning For any pre-application advice, interested parties should consult directly with the Local Planning Authority: Burnley Borough Council, Town Hall, Manchester Road, Burnley, BB11 9SA. Telephone: 01282 425 011.

Email: planning@burnley.gov.uk Occupancy Vacant possession upon completion

Investment Analysis

Investment Snapshot

Underwriting basis. This is an indicative desktop appraisal. GDV is an estimated post-works/open-market value, not a guaranteed valuation. Comparable research is widened from the same street/postcode to the surrounding market up to approximately five miles where necessary.

Market Comparables

• Specialist asset: working market value is estimated from guide, asset type, income/development potential and local market evidence; midpoint £86,250.

HB estimated GDV: £79,000 low / £86,000 base / £93,000 high. The range reflects comparable quality, condition and the fact that auction stock can trade below normal owner-occupier market value.

Proposed Works

The allowance follows the auction description/visible condition and investor-standard refurbishment scope. It is not a structural survey or contractor quotation.

Strategy & Value Analysis

This is not a conventional single-dwelling BRRR/flip asset. The value case should be assessed using the specialist strategy appropriate to the property—income capitalisation, asset management, planning/development or land value—while still using the market-value range above as an indicative exit benchmark.

Key Risks

Confirm legal title/tenure, occupancy, planning/licensing, service charge/ground rent where relevant, structural condition, utilities, abnormal works and finance terms. Market comparables are indicative and should be refreshed immediately before bidding.