Stenyho, Soames Lane, Ropley, Alresford, Hampshire, SO24 0ER

Description

This freehold parcel of land is located between the villages Monkwood and Ropley close to the larger settlements of Alresford, Four Marks and Alton. The land is surrounded by a small hamlet of houses and is accessed via Green Lane, off Soames Lane. Measuring approximately 0.21 hectares (0.53 acres), there is currently a brick built garage on the site with mains grid electrical connection as well as additional wooden storage sheds. It is considered ideal for continued use as storage or a small holding and may offer a redevelopment opportunity, subject to all necessary consents being obtainable.

Accommodation

Approximately 0.21 hectares (0.53 acres) of land with a brick-built garage and additional wooden storage sheds.

Location

The land is located between the villages Monkwood and Ropley, close to Alresford, Four Marks and Alton. It is accessed via Green Lane, off Soames Lane. What3Words location: refreshed.cave.pegs.

Tenure / Property Information

Investment Analysis

The £25,000+ guide provides an auction entry point, but there is insufficient evidence to establish market value or development value. The supplied sold comparables are detached houses on Soames Lane and are not directly comparable with this 0.53-acre parcel containing a garage and sheds. No planning consent, residential allocation, valuation evidence, rental evidence or quantified works information is supplied. Any redevelopment value is therefore highly uncertain and subject to obtaining all necessary consents.

Investment Snapshot

Strategy Recommendation

Treat as a speculative land and storage purchase only if the buyer is comfortable owning the site without assuming redevelopment value. Obtain planning, title/access, condition, utility and cost advice before bidding.

Works Required

No quantified refurbishment scope is supported by the evidence. Potential works are limited to inspection and maintenance of the brick-built garage, wooden storage sheds, electrical connection and access, subject to survey. Any change of use or redevelopment would require the necessary consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable on the available evidence because there is no residential accommodation, planning evidence, rental evidence, GDV or refinance valuation. Development potential remains speculative and consent-dependent.

Buy-to-Let Analysis

BTL analysis cannot be established. No dwelling accommodation, rental comparable or auctioneer rent estimate is supplied, and the existing garage and sheds do not provide supported residential rental evidence.

Flip Analysis

A flip appraisal cannot be calculated. The supplied house sales are not directly comparable, while no supported GDV, development cost, planning position or selling allowance is available.

Investor Risks & Due Diligence

• Redevelopment potential is expressly subject to obtaining all necessary consents and no planning evidence is supplied.

• The supplied sold comparables are detached houses and do not establish the value of this land parcel.

• No rental evidence supports an income strategy.

• The condition and future usability of the garage and wooden storage sheds are not evidenced.

• An administration fee and other non-optional costs may apply, but amounts are unspecified.

• Access is described via Green Lane, but the evidence does not provide title or access-right details.

Recommendation

Treat as a speculative land and storage purchase only if the buyer is comfortable owning the site without assuming redevelopment value. Obtain planning, title/access, condition, utility and cost advice before bidding.

Strategy Rating

Analysis Confidence

The physical description, tenure, access location and guide are provided, but there is no planning position, comparable land evidence, rent, GDV, works budget, valuation or specified buyer/admin fee.