Woodland and forestry building off, Knettishall Road, Riddlesworth, Norfolk IP22 2TE

Description

Rare opportunity to purchase 1.57 acres of mature woodland with timber forestry building. Known as Stans Wood this freehold parcel of mature woodland extends to around 1.57 acre (stms). It forms part of Riddlesworth woods and is located in an ideallic position well away from the nearest road. It includes a newly constructed 288 sq/ft forestry cabin building which measures around 12ft wide by 24 ft long. The boundary is marked by wooden posts with blue tips.

Accommodation

Newly constructed 288 sq/ft forestry cabin building, measuring around 12ft wide by 24 ft long.

Location

The wood is located around six miles east of Thetford on the Norfolk / Suffolk border. It is accessed via a track off Knettishall Road. There is vehicular access via a metal gate which gives a right of way over a private track which leads to the site which adjoins an open field.

Tenure / Property Information

Investment Analysis

The supplied guide is £80,000–£100,000 plus fees. The comparable sales are houses in the same postcode and do not provide a reliable valuation basis for 1.57 acres of woodland with a 288 sq ft forestry cabin. No supported GDV, rental value or maximum bid can therefore be established. Known exchange costs are a £600 buyer premium and £1,200 administration charge, with further possible charges under the special conditions.

Investment Snapshot

Strategy Recommendation

Treat as a specialist woodland purchase only, subject to satisfactory legal-pack, access, planning, cabin-use and condition checks. Do not underwrite it as BTL, BRRR or a conventional residential flip on the supplied evidence.

Works Required

No refurbishment works are evidenced. Verify the cabin’s construction, condition, lawful use, planning/building-control position, boundaries, access rights and any services before bidding. Any works should be limited to legally permitted maintenance identified by inspection.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supported by the evidence. There is no supported residential GDV, rent, refinance valuation or refurbishment budget, and the cabin’s lawful use and planning status are not provided. The known buyer and administration charges, plus possible special-condition costs, would also need to be included in any appraisal.

Buy-to-Let Analysis

BTL cannot be assessed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The evidence does not establish that the forestry cabin can lawfully be occupied or let as residential accommodation.

Flip Analysis

A flip appraisal cannot be established. The supplied sold comparables are houses rather than woodland or forestry cabins, and no supported resale value or selling-cost allowance is available. The guide range should not be treated as a project valuation.

Investor Risks & Due Diligence

• The cabin’s planning, building-control and lawful-use status are not supplied.

• No reliable comparable valuation is provided; the sold comparables are residential houses rather than woodland or forestry cabins.

• No rental evidence supports residential letting or yield calculations.

• Access is via a right of way over a private track; the legal terms and maintenance obligations require review.

• Special conditions may impose search fees, seller’s costs, legal fees, transfer fees or other disbursements in addition to the stated charges.

• The evidence does not confirm services, utilities, heating or residential habitability.

Recommendation

Treat as a specialist woodland purchase only, subject to satisfactory legal-pack, access, planning, cabin-use and condition checks. Do not underwrite it as BTL, BRRR or a conventional residential flip on the supplied evidence.

Strategy Rating

Analysis Confidence

The guide, tenure, acreage, cabin size, access description and known auction charges are supplied, but there is no applicable valuation evidence, rent, planning/use information, condition survey, services detail or complete cost schedule.