Stables and Paddock Land, Higher Grants, Exebridge, Dulverton, Somerset, TA22 9BE

Description

Located on the southern side of the A396 in Exebridge on the borders of Devon and Somerset is this 2.5 acre site. On the site is a detached stable building as well as a further mono pitch building which is in need of improvement and repair. It may also be suitable for conversion to stabling or a replacement building, subject to all the necessary consents being obtainable.

Accommodation

Detached stable building and a further mono pitch building in need of improvement and repair.

Location

Located on the southern side of the A396 in Exebridge on the borders of Devon and Somerset. The land can be located via the What3Words app using reference: stressed.comedians.premiums.

Tenure / Property Information

Investment Analysis

The guide is £25,000–£30,000 plus fees. The supplied sold comparables are detached residential properties and do not provide a reliable market-value basis for this 2.5-acre site with buildings. No planning consent, permitted development position, services information, building measurements or professional valuation is supplied. Consequently, a supported GDV and maximum bid cannot be established.

Investment Snapshot

Strategy Recommendation

Treat as a speculative land and building opportunity only after satisfactory planning, access, condition and cost due diligence. Do not bid on a residential-development assumption unsupported by the evidence.

Works Required

Inspect and assess the detached stable and mono-pitch building; undertake only necessary repair and improvement works, or consider conversion to stabling or replacement, subject to all required consents. No works budget can be supported from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not presently supportable. There is no evidenced residential use, planning consent, GDV, refurbishment cost, rent or refinance valuation. Any conversion or replacement building is expressly subject to obtaining the necessary consents.

Buy-to-Let Analysis

BTL analysis is not supported: no sufficiently specific rental evidence, residential accommodation or lawful residential use is identified. The auctioneer has provided no rent estimate.

Flip Analysis

A flip appraisal cannot be established. The supplied residential comparables are not sufficiently comparable to this land and building opportunity, while no supported GDV, works budget or selling-cost allowance is available.

Investor Risks & Due Diligence

• Conversion to stabling or a replacement building is subject to obtaining all necessary consents.

• The mono-pitch building requires improvement and repair, but the extent and cost are unknown.

• No sufficiently specific rental evidence or lawful residential accommodation is identified.

• The supplied sold comparables are detached residential properties and may not reflect the value of this site.

• Administration, other non-optional fees, VAT, Stamp Duty and Land Registry costs may be payable; the administration fee is unstated.

Recommendation

Treat as a speculative land and building opportunity only after satisfactory planning, access, condition and cost due diligence. Do not bid on a residential-development assumption unsupported by the evidence.

Strategy Rating

Analysis Confidence

The evidence confirms the site size, existing buildings, tenure, vacant possession and guide range, but lacks planning information, measurements, condition costs, services, rental evidence and a comparable land valuation.