Cadman Homes says ..

Property Oracle says ..

This listing from Cadman Homes presents a unique opportunity: the purchase of a plot of land with planning permission for a four-bedroom detached house on Livingstone Avenue, Long Lawford, Rugby. The property itself is a building plot, and the existing structures are in a poor condition. However, the approved plans outline a substantial new home with modern amenities and a generous layout including four bedrooms and three bathrooms.

The location within Long Lawford is highly desirable, offering the benefits of village life with good access to local amenities and transport links to Rugby, including a railway station with services to London. The proximity of Long Lawford Primary School (rated ‘Good’ by Ofsted) is attractive to families.

The plot size is a key selling point, offering ample space for the construction of the proposed dwelling. However, the images of the site show an overgrown and somewhat neglected plot. The buyer should factor in the costs of site clearance and preparation.

The asking price of £185,000 should be assessed in the context of the current property market in Long Lawford and surrounding areas and by taking into account similar properties. The comparison with other plots and properties in the area is complicated by the lack of data relating to the size of the plots being sold. However, neighboring streets show the potential for significantly greater return after construction than the price of the plot. The buyer should budget for all costs associated with the construction, which will likely be significantly greater than the value of the land. Potential purchasers will be weighing up the cost of constructing the new house and the potential profit against alternative options. Given the uncertainty around construction costs and potential delays, this is an investment that requires careful analysis. This analysis has not considered construction costs, as they are not provided.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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