BCM says ..
A great opportunity to purchase a singular development site with extant planning consent for a detached dwelling that is ready to build.
Property Oracle says ..
This listing is for two plots of land located on Luccombe Road in Shanklin, Isle of Wight, with planning permission granted for the construction of two detached houses. The location is desirable, offering coastal views and proximity to amenities such as Shanklin train station and schools. The proximity to the coast is a significant advantage as sea views are usually a highly sought-after feature. The nearby streets, however, show a wide range of average property prices indicating a variable market. The plans show relatively sizable properties with double garages. The available information makes a precise analysis difficult. The major factor affecting the property’s value is the size of the plots. The current listing price appears low, especially relative to the potential value of the completed properties, but significant risks exist due to the uncertainty around the cost of the development and sale of the complete properties. Information provided, such as plot size is missing, rendering this a higher-risk investment. The final price will depend heavily on the build cost and final build size of the new house. Additional information around building costs and comparable properties is required for a more detailed property valuation.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 4
- Condition
- 1
- Location
- 7
- Land
- 6
- Bedrooms
- 0
- Bathrooms
- 0
- Sqft (est)
- 2,305.31
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 306,250.00 £Decreased by 14.50 %
- Est sale value
- 806,858.50 £Increased by 42.86 %
- Average area rental value
- 938.00 £/moDecreased by 9.63 %
- Est letting value
- 2,305.31 £/mo
- Est rental Yield
- 3.68 %Increased by 5.75 %
- Crime Rate
- 0.00 %
Agent Activity
BCM created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Blasius Shanklin Cofe Primary Academy | Academy Sponsor Led | Good | 0.88 KM |
| Gatten And Lake Primary School | Community School | Good | 1.74 KM |
| Broadlea Primary School | Community School | Good | 2.62 KM |
| The Bays Children'S Centre | Children's Centre | 3.99 KM | |
| The Bay Church Of England School | Voluntary Controlled School | Good | 4.18 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| The Limes | £ 199,950 | 0 | 0.00 KM |
| Clarendon Road | £ 235,000 | 0 | 0.00 KM |
| Saint Pauls Crescent | £ 0 | 0 | 0.00 KM |
| Delphi Road | £ 0 | 0 | 0.00 KM |
| Royal Close | £ 260,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Shanklin | 5529 | SHN | 1.15 KM |
| Lake | 5504 | LKE | 2.76 KM |
| Sandown | 5525 | SAN | 3.99 KM |
| Brading | 5530 | BDN | 7.38 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Luccombe Road, Shanklin | £ 200,000 | BUY | 4 / 10 | 0.00 KM |
| Luccombe, Isle of Wight | £ 1,250,000 | BUY | 7 / 10 | 0.00 KM |
| Luccombe Road, Shanklin | £ 250,000 | BUY | 4 / 10 | 0.05 KM |
| Chine Hollow, Shanklin (Off Popham Road) | £ 625,000 | BUY | 5 / 10 | 0.06 KM |
| Luccombe Road, Shanklin | £ 475,000 | BUY | Unknown | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 6 Luccombe Road | £ 540,000 | 0.11 KM |
| Tay Lodge | £ 473,000 | 0.11 KM |
| 12 Church Road | £ 282,500 | 0.24 KM |
| Chine House | £ 635,000 | 0.24 KM |
| Toad Hall | £ 240,000 | 0.24 KM |