Plot 1, Gerrydown Farm, Winkleigh, Devon, EX19 8EZ

Description

A freehold parcel of land situated near Winkleigh, Devon. The land is in a rural setting adjacent to the established Gerrydown industrial and commercial area. The benefits from a countryside location with convenient proximity to nearby commercial premises and the village of Winkleigh.

Location

Located near Winkleigh, Devon, in a rural setting adjacent to the established Gerrydown industrial and commercial area, with proximity to nearby commercial premises and the village of Winkleigh.

Tenure / Property Information

Investment Analysis

The property is described only as a freehold parcel of amenity land. No plot size, planning status, permitted use, access, services, boundaries or development potential is supplied. The sold comparables are recorded as “Other” at Gerrydown Farm/Business Park, but their differing prices and lack of specific plot details do not support a reliable valuation for this parcel. The £22,000 guide is an auction guide, not an evidenced market value. Known buyer premium and admin charge total £2,400, before any further search, legal, seller-cost reimbursement, transfer or disbursement charges.

Investment Snapshot

Strategy Recommendation

Avoid bidding unless legal due diligence confirms the parcel’s size, boundaries, access, services, lawful use and credible resale or alternative-use potential. Treat the guide as unverified rather than as a valuation.

Works Required

No refurbishment or construction works are evidenced. Planning, access, servicing and lawful use would need to be verified before considering any works or development expenditure.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supported by the evidence. There is no evidenced residential or income-producing use, refurbishment scope, GDV or refinance valuation.

Buy-to-Let Analysis

BTL is not assessable. The asset is amenity land with no sufficiently specific rental comparable or auctioneer rent estimate, and no residential accommodation is identified.

Flip Analysis

A flip appraisal cannot be established because there is no reliable GDV, plot-size evidence, planning position, works budget or supported selling-cost allowance. The supplied comparable sales are insufficiently specific.

Investor Risks & Due Diligence

• No plot size, boundaries or detailed physical description is supplied.

• Planning status, permitted use and development potential are not evidenced.

• Access, rights of way, services and connection arrangements are not evidenced.

• No sufficiently specific rental evidence or income-producing use is identified.

• Additional search, legal, transfer, seller-cost reimbursement and disbursement charges may apply.

• The sold comparables are not sufficiently specific to support a reliable valuation of this parcel.

Recommendation

Avoid bidding unless legal due diligence confirms the parcel’s size, boundaries, access, services, lawful use and credible resale or alternative-use potential. Treat the guide as unverified rather than as a valuation.

Strategy Rating

Analysis Confidence

Only a brief amenity-land description, guide price, known auction charges and broad “Other” sold comparables are supplied. Critical valuation, planning, physical and income evidence is absent.