Ashtree Road, Tividale, Oldbury
SH

Ashtree Road, Tividale, Oldbury

By Shipways

£ 2,000,000

Reviews

3 out of 5 stars

Shipways says ..

Land for sale Allocated by local plan for residential development 1.92 acres Fantastic development opportunity Popular residential location Freehold Rare opportunity

Property Oracle says ..

This property listing presents a development opportunity involving 1.92 acres of land situated on Ashtree Road in Tividale, Oldbury. The land is allocated for residential development according to the local plan. The location offers proximity to several schools, including Ormiston Sandwell Community Academy and Grace Mary Primary School, both with good Ofsted ratings, along with transport links such as Dudley Port train station. However, the immediate visual impression of the surrounding area is less attractive. The land itself is undeveloped, appearing overgrown, and requiring preparation before construction. The images clearly show the land is unimproved and currently overgrown, requiring significant preparation before any building works can take place. The asking price of £2,000,000 is significant. While the size of the plot and the zoning for residential development contribute to its value, a thorough due diligence process is essential to ascertain the actual development potential, and whether this equates to the asking price given local comparable land sales are lacking in details. The provided nearby property data is insufficient to establish a credible price per square foot for accurate comparison. A comprehensive market analysis, including an assessment of planning permissions, potential infrastructure costs, and prevailing market conditions, is necessary to fully evaluate this investment proposition.

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

Price
6
Condition
4
Location
7
Land
8
Bedrooms
0
Bathrooms
0

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
260,500.00 £
Increased by 6.21 %
from 245,272.00 £
Average area rental value
1,100.00 £/mo
Increased by 0.92 %
from 1,090.00 £/mo
Est rental Yield
5.07 %
Decreased by 4.88 %
from 5.33 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • Shipways created the listing.

Nearby Schools

NameTypeOfstedDistance
Ormiston Sandwell Community AcademyAcademy Sponsor LedGood0.40 KM
Tividale Sure Start Children'S CentreChildren's Centre0.80 KM
Grace Mary Primary SchoolCommunity SchoolOutstanding0.89 KM
The Meadows SchoolCommunity Special SchoolGood0.98 KM
Rounds Green Primary SchoolAcademy Sponsor Led1.21 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Hilton Road £ 200,00000.00 KM
Dale Terrace £ 150,00000.00 KM
Linden Avenue £ 159,00000.00 KM
Ashtree Road £ 261,66700.00 KM
Mount Road £ 177,50000.00 KM

Nearby Transport

NameNLCTLCDistance
Dudley Port1212DDP2.34 KM
Sandwell And Dudley1149SAD2.87 KM
Rowley Regis4606ROW3.41 KM
Langley Green4607LGG3.90 KM
Tipton1159TIP4.04 KM

Nearby Listings

AddressPriceTypeScoreDistance
Ashtree Road, Tividale, Oldbury £ 2,000,000BUY6 / 100.00 KM
Ashtree Road, Tividale, OLDBURY £ 255,000BUY7 / 100.00 KM
Ashtree Road, Tividale, Oldbury £ 250,000BUY7 / 100.00 KM
Ashtree Road, Oldbury £ 270,000BUYUnknown0.01 KM
Ashtree Road, Tividale £ 360,000BUY6 / 100.01 KM

Nearby Properties

AddressPriceDistance
28 Ashtree Road £ 170,0000.00 KM
48 Ashtree Road £ 150,0000.00 KM
51 Ashtree Road £ 170,0000.00 KM
19 Ashtree Road £ 150,0000.00 KM
20 Ashtree Road £ 295,0000.00 KM