Bill Bannister Estate Agents says ..

Property Oracle says ..

This listing from Bill Bannister Estate Agents presents a development opportunity on Basset Street, Redruth, Cornwall. The plot has outline planning permission for three detached, three-story houses, each featuring four bedrooms, a garage, and a rear garden. The proximity to Redruth town centre and Redruth train station (0.10km) offers convenient access to amenities and transportation. Several schools are located within a short distance, making it a potentially attractive location for families. However, the listing lacks key details such as the precise plot size in square feet and the absence of specific information on the existing infrastructure and condition of the land impacts an accurate assesment. The illustrative site plan and elevations show the layout of the proposed properties and their position on the plot. The plans appear well-considered, and the inclusion of garages and rear gardens increases the appeal of the finished properties. It is important to note this is a building plot and therefore the condition is only applicable once construction is completed. The price of £295,000 is likely a reflection of the development potential rather than the value of the land itself. Potential buyers will need to conduct thorough due diligence, including costing the construction of the three houses and assessing the market conditions for new-build properties in Redruth to determine the overall financial viability of the project.

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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