Plot 2 Caversham Park Road, Caversham, Reading, Berkshire, RG4 6NN

Description

Freehold Land and Roadways The lot comprises freehold land and roadways.

Location

The land and roadways are situated on a residential road close to local shops and amenities. Numerous open spaces are within easy reach. Transport links are provided by Reading rail station. The site area depicted within the plan in the auction particulars is for indicative purposes only. Additionally, any measurements stated may not be exact. Some or all of the plot may comprise adopted highway land and if the site has trees, there may be Tree Preservation Orders in place. Buyers should rely on their own enquiries with regard to precise measurements, any consents or rights over the land and any possible development potential or alternative uses for this site.

Tenure / Property Information

Investment Analysis

No guide price, site area, planning information, title details or development consent evidence is supplied. The lot is freehold land and roadways, and some or all may comprise adopted highway land. The residential sales comparables relate to completed houses and cannot establish the value of this land. Development potential, alternative use and precise boundaries require independent legal, planning and survey enquiries.

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain and review the legal pack, title plan, exact measurements, highway adoption information, planning position, tree constraints and all disbursements before forming a land valuation.

Works Required

No works can be specified from the evidence. Establish the exact boundaries, site area, highway status, title rights, trees and any planning or development potential before considering works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be assessed. There is no supported acquisition price, refurbishment scope, development consent, completed-value estimate or refinance value. The £1,800 administration charge is known, but other possible disbursements and purchase costs are unspecified.

Buy-to-Let Analysis

BTL analysis is not supported because the lot is land and roadways with no dwelling or evidenced rental income. The supplied residential rental listings cannot be applied to this lot.

Flip Analysis

A flip appraisal cannot be supported. The supplied sold comparables are houses rather than land, while the lot's area, planning position, highway status, title constraints and development potential are unconfirmed. No supported GDV or selling allowance is available.

Investor Risks & Due Diligence

• Some or all of the plot may comprise adopted highway land.

• The site area and measurements may not be exact.

• Development potential and alternative uses are unconfirmed.

• Trees may be subject to Tree Preservation Orders.

• Rights, consents and precise boundaries require buyer enquiries.

• Additional search fees, seller costs, legal fees, transfer fees and other disbursements may be payable.

• The supplied house sales and rental listings are not directly applicable evidence for valuing the land.

Recommendation

Do not bid on the supplied evidence alone. Obtain and review the legal pack, title plan, exact measurements, highway adoption information, planning position, tree constraints and all disbursements before forming a land valuation.

Strategy Rating

Analysis Confidence

Core valuation inputs are absent, including guide price, site area, planning status, precise boundaries, rights, development potential and legal-pack costs. The available comparables and rents relate to residential properties rather than this land lot.