Willowgreen Estate Agents says ..

Property Oracle says ..

This listing presents a development opportunity in Great Barugh, a village near Malton, North Yorkshire. The property consists of a plot of land with approved planning permission (granted July 2016, discharged June 2021) to construct two semi-detached dwellings. The planning documents provide detailed specifications for the project. The asking price is £250,000. Nearby properties range from £130,000 to £530,000, with no direct comparables for land for development of this nature. The location is attractive, offering a blend of rural tranquility and proximity to amenities and schools, albeit with limited nearby public transport. The absence of an existing building means the condition cannot be evaluated. The size and potential of the land make it a suitable development opportunity. Further evaluation would be necessary to ascertain the precise financial viability of the project, considering construction costs, market conditions and projected sale prices. The existing planning permission mitigates many of the risks inherent in a development project, making this a potentially sound investment.

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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