Tadburn Lake/Land On The North Side Of Jenner Way, Romsey, Hampshire, SO51 8PD

Description

Opportunity to acquire a freehold parcel of land situated on the north side of Jenner Way, Romsey, Hampshire, near Tadburn Lake. The land is approximately 0.08 hectares (0.198 acres) and includes a watercourse running through it. Potential uses or development are subject to necessary planning permissions.

Accommodation

Parcel of land approximately 0.08 hectares (0.198 acres), including a watercourse.

Location

Situated on the north side of Jenner Way, Romsey, Hampshire, near Tadburn Lake. Romsey is approximately 7 miles northwest of Southampton, 11 miles southwest of Winchester and 17 miles southeast of Salisbury. The land is close to Tadburn Meadows Local Nature Reserve and has access to Southampton, Winchester and the wider Hampshire area via the M27 and A3057.

Tenure / Property Information

Investment Analysis

The £1,000 guide price relates to a freehold land parcel of approximately 0.198 acres, not a dwelling. The supplied sold comparables are detached and terraced houses on Jenner Way, so they do not provide a reliable land valuation or development GDV. Any value materially depends on planning consent, access, servicing, constraints associated with the watercourse and the legal pack. No supported market value or development value can therefore be established from the evidence provided.

Investment Snapshot

Strategy Recommendation

Treat as a speculative land/planning opportunity only. Review the legal pack and establish planning, access, servicing and watercourse implications before bidding; do not underwrite it as a residential investment.

Works Required

No physical works are evidenced. The relevant next step is investigation of planning potential, access, servicing, title matters and the watercourse before considering any development 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 GDV, rental income, refurbishment budget or evidence of a financeable completed property. Planning and development feasibility remain unconfirmed.

Buy-to-Let Analysis

BTL analysis is not supported because the property is land rather than accommodation and no sufficiently specific rental evidence or auctioneer rent estimate is provided.

Flip Analysis

A flip or development resale surplus cannot be calculated. The supplied house sales are not directly comparable to the land, and no planning consent, proposed scheme, GDV or selling-cost allowance is provided.

Investor Risks & Due Diligence

• Development or alternative use is subject to obtaining the necessary planning permissions.

• A watercourse runs through the land and may affect design, use or development feasibility.

• The supplied sold comparables are houses and are not reliable evidence of this parcel's value.

• Buyer’s Premium applies, and additional fees may arise under the legal pack or special conditions.

• There is no specific rental evidence or auctioneer rent estimate to support an income strategy.

Recommendation

Treat as a speculative land/planning opportunity only. Review the legal pack and establish planning, access, servicing and watercourse implications before bidding; do not underwrite it as a residential investment.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, approximate area, location, vacancy, guide price and a watercourse, but provides no planning position, land comparables, development appraisal, rental evidence, costs or GDV.