Eddisons Commercial Limited says ..

Property Oracle says ..

This property is a plot of undeveloped land located in the Manor area of Sheffield, South Yorkshire. The listing highlights its potential for residential development, subject to obtaining planning permission. The land is currently overgrown and shows signs of litter, suggesting a need for significant cleanup and preparation before any construction could begin. Nearby amenities include schools and several train stations, which, while positive, do not elevate the property’s desirability in its current state. The asking price of £1,100,000 is substantial; however, the overall value will heavily depend on securing planning permission for the intended development and the potential number of properties that can be built on the site. The absence of key details like the exact plot size and the potential buildable area makes a full valuation challenging. Given the location, the condition of the land, and the large price tag, a potential investor should conduct comprehensive due diligence, including obtaining a full site survey, checking the local planning policy, and carrying out market research to determine the feasibility of the project. The risk is high, but the potential return, if planning permission is granted, could be considerable.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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