HoldenCopley says ..

Property Oracle says ..

This listing is for a plot of land in Bestwood Park, Nottingham, with planning permission already granted for the construction of a detached dwelling. The provided images show artist’s impressions of what the completed property might look like, indicating a modern, two-story house with a small garden. The location is convenient, with good nearby schools and reasonable access to transport links, offering commuters connections to several train stations, including Nottingham. However, the lack of detailed specifications, such as the final square footage and internal features, makes assessing the true value challenging. Also, the fact that it is a plot of land and not an existing property introduces uncertainties in evaluating the condition. The provided nearby property listings offer a range of prices, indicating varied market values in the area, and are not directly comparable due to differences in property type and size. While the asking price of £70,000 seems relatively low compared to other properties in Bestwood Park, it is crucial to remember that this is a plot of land and construction costs must be considered. Therefore, a thorough investigation into the building plans and associated costs is recommended to determine the overall financial viability of the project. Buyers should request complete specifications and conduct a thorough inspection once construction is further progressed or completed to obtain a more accurate assessment of value.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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