Plot at Horton Lane, Telford, TF1 7FA

Description

1.4 Acre plot of land. We are pleased to offer for auction this exciting development opportunity, comprising approximately 1.4 acres of land situated to the south of Horton Lane, TF1 7FA. Currently forming an area of mature woodland, the site offers significant potential for prime residential development, with the quality of surrounding properties presenting the prospect of substantial end-development values. Any proposed development would be subject to obtaining the necessary planning permissions and consents. Situated within a desirable residential location, the site is expected to attract strong interest from developers and land investors seeking an opportunity with considerable potential. Viewing is available from the roadside. Early expressions of interest are strongly encouraged.

Location

Horton Lane is situated within a desirable residential area of Telford, offering convenient access to the town's extensive range of shopping, leisure and recreational facilities. Telford town centre, with its retail, dining and entertainment amenities, is within easy reach, alongside well-regarded local schools and transport links. The surrounding area comprises established and modern residential developments, making this an attractive location for potential residential development.

Tenure / Property Information

Tenure

Freehold

Investment Analysis

The £140,000 guide is not independently supported by the supplied evidence. The sold comparables are commercial properties at Hortonwood 45 and are not sufficiently comparable to this 1.4-acre woodland development site. No planning consent, residential layout, unit count, GDV evidence or site-specific land valuation is supplied.

Investment Snapshot

Guide Price

£140,000 (plus fees)

Strategy Recommendation

Only consider as a planning-led land acquisition after reviewing the legal pack and obtaining professional planning, valuation and development-cost advice. Do not rely on the supplied comparables for GDV.

Works Required

Planning assessment, surveys, design and applications for any proposed residential scheme. Physical development works cannot be estimated until planning permissions, consents and a scheme are established.

Rental & Market Context

No sufficiently specific external rental comparable identified.

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Unit 5, Hortonwood 45, Telford, Wrekin, Tf1 7fa 2023-05-19 · Other · Freehold	£2,150,000
Hager Ltd, Hortonwood 45, Telford, Wrekin, Tf1 7fa 2017-12-19 · Other · Freehold	£6,325,000
Hager Ltd, Hortonwood 45, Telford, Wrekin, Tf1 7fa 2013-08-07 · Other · Freehold	£4,400,000

Potential BRRR Position

BRRR is not assessable. Planning permission, development costs, completed values, finance costs and achievable rents are unknown. The 3.6% buyer/admin charge would be £5,040 on the £140,000 guide, before other possible disbursements and charges.

Buy-to-Let Analysis

Not suitable for conventional BTL analysis in its current form. There is no dwelling, rental evidence or supported residential scheme, and no passing or estimated rent is supplied.

Flip Analysis

A development flip cannot be quantified because no planning consent, scheme, GDV, build cost or selling allowance is supplied. The commercial sold comparables do not establish a residential resale value for this site.

Investor Risks & Due Diligence

• Any proposed development requires planning permissions and consents.

• The site currently forms mature woodland, but no survey, access assessment or development appraisal is supplied.

• No supported residential GDV, unit count or build-cost evidence is available.

• The supplied sold comparables are commercial properties and are not sufficiently site-specific.

• The 3.6% buyer/admin charge is payable subject to the stated minimum, with possible additional legal, search, transfer and seller-cost charges.

• Legal-pack disbursements and other purchaser charges remain unknown.

Recommendation

Only consider as a planning-led land acquisition after reviewing the legal pack and obtaining professional planning, valuation and development-cost advice. Do not rely on the supplied comparables for GDV.

Strategy Rating

HB Rating

★★☆☆☆

Analysis Confidence

Confidence

Low

The evidence confirms only the approximate site area, woodland status, freehold tenure, guide price and planning uncertainty; there is no consent, scheme, valuation, cost plan or rental evidence.