Plot 2, Land at New Bridge Road, Glen Parva, Leicester, Leicestershire, LE2 9TG

Description

A Plot of Land Measuring Approximately 20 Acres / 80,037 sq m (861,516 sq ft). The lot comprises a plot of land measuring approximately 20 Acres / 80,037 sq m (861,516 sq ft).

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 evidence supports only a guide price of £15,000+ for approximately 20 acres of freehold land. Nearby completed sales are residential house transactions and do not establish a value for this land. No planning consent, development allocation, permitted use, access information, services, agricultural value or comparable land sales are supplied, so GDV and a maximum bid cannot be reliably estimated. The stated area also appears internally inconsistent: approximately 20 acres is not exactly equivalent to both 80,037 sq m and 861,516 sq ft.

Investment Snapshot

Strategy Recommendation

Do not bid on an investment-return basis without first confirming planning, permitted use, access, services, title and all auction/legal-pack costs. Treat the £15,000+ guide only as an auction guide, not as supported market value.

Works Required

No physical works are supported by the evidence. The purchaser would need to investigate planning status, lawful use, access, services, boundaries, title and any restrictions through the legal pack and relevant authorities.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not assessable because there is no supported residential or commercial use, planning consent, GDV, rental evidence or refurbishment scope. The £1,800 administration charge is known, but buyer premium and other possible costs are unspecified.

Buy-to-Let Analysis

BTL is not assessable. No accommodation, residential use, rental evidence or passing rent is supplied, and the asset is described as land.

Flip Analysis

A flip appraisal cannot be supported. The nearby house sales are not appropriate evidence of land GDV, and no planning or development evidence is supplied. Potential resale surplus is therefore unquantifiable.

Investor Risks & Due Diligence

• No planning consent, development allocation or lawful use is supplied.

• No evidence of access, services, boundaries, title restrictions or development constraints is provided.

• Nearby completed sales are residential houses and are not reliable land comparables.

• Buyer premium and other potential legal, search, transfer and seller-cost charges are unspecified.

• The stated approximate area is internally inconsistent across acres, square metres and square feet.

• The asset has no supported rental income or residential accommodation.

Recommendation

Do not bid on an investment-return basis without first confirming planning, permitted use, access, services, title and all auction/legal-pack costs. Treat the £15,000+ guide only as an auction guide, not as supported market value.

Strategy Rating

Analysis Confidence

The listing provides approximate land size, tenure, location and guide price, but no planning, use, access, services, land comparables, income or development evidence. Buyer premium and other charges are also unspecified.