Plot 1, Land at New Bridge Road, Glen Parva, Leicester, Leicestershire, LE2 9TG

Description

A plot of land extending to approximately 1.5 acres (6,419 sq m / 69,094 sq ft), with conceptual plans drawn up for a dwelling. No formal planning application has been submitted. Draft drawings are available upon request. Potential for development is subject to obtaining all relevant consents. Auction House London gives no warranties regarding the scheme or validity of the plans. Portions of the plot may be subject to Tree Preservation Orders.

Location

The land is situated on a residential road close to local shops and amenities. The open spaces of Jubilee Park are within easy reach. Transport links are provided by South Wigston rail station and the M1.

Tenure / Property Information

Investment Analysis

The guide is £15,000+ plus fees, with a known £1,800 administration charge. The supplied completed sales on New Bridge Road range from £223,500 to £265,000, but they are house sales rather than land or development-site comparables and cannot establish this plot's value or future dwelling GDV. The plot has only conceptual plans, no formal planning application, no confirmed dwelling specification and possible Tree Preservation Order constraints. A planning-led residual valuation is therefore required.

Investment Snapshot

Strategy Recommendation

Treat this as a high-risk planning-led land purchase rather than a ready development or rental investment. Proceed only after legal-pack review, planning advice, title/access/drainage checks and investigation of any Tree Preservation Orders; do not rely on the nearby house sales alone.

Works Required

No refurbishment scope can be established because no dwelling exists and no approved scheme is provided. Potential works would depend on obtaining planning and other relevant consents, followed by construction in accordance with any approved design.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable on the supplied evidence. The site has no confirmed planning permission, approved accommodation, construction budget, GDV or rent. Refinancing at 75% of GDV cannot be calculated.

Buy-to-Let Analysis

BTL cannot currently be assessed. There is no completed dwelling, no passing tenancy and no sufficiently specific rental comparable or auctioneer rent estimate. Rental yield, operating costs and finance viability cannot be established.

Flip Analysis

A flip appraisal cannot be completed. Although nearby completed house sales provide context, they do not establish the value of a consented dwelling on this 1.5-acre plot. No planning outcome, build specification, construction cost, professional fees, finance costs or selling allowance is supplied.

Investor Risks & Due Diligence

• No formal planning application or planning consent has been submitted.

• Conceptual plans are not warranted by the auctioneer and their validity is unconfirmed.

• Potential Tree Preservation Orders may constrain development.

• The supplied sold comparables are completed houses and are not direct land or development-site comparables.

• Buyer premium and possible disbursements are not quantified.

• No construction, professional, finance or infrastructure costs are supplied.

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

Recommendation

Treat this as a high-risk planning-led land purchase rather than a ready development or rental investment. Proceed only after legal-pack review, planning advice, title/access/drainage checks and investigation of any Tree Preservation Orders; do not rely on the nearby house sales alone.

Strategy Rating

Analysis Confidence

The evidence confirms the approximate site area, guide price, tenure and conceptual plans, but provides no planning consent, approved scheme, development costs, land comparables, GDV, rent, access details or complete fee schedule.