Richard James says ..

Property Oracle says ..

This listing is for a plot of land in Blunsdon, Swindon, with outline planning permission for two four-bedroom detached houses (application reference S/OUT/20/0548). The land is situated on Kingsdown Lane, on the edge of the village. Blunsdon is a desirable area, known for its semi-rural setting and proximity to Swindon, offering a blend of peaceful living and convenient access to urban amenities. While the exact location of the plot within Blunsdon is unspecified in this listing, the proximity to schools and the railway station in Swindon (4.52km) is noteworthy. The plot’s size is not explicitly stated; however, based on the planning application, it’s substantial enough to accommodate two sizeable homes. The images indicate the plot is relatively undeveloped, and the existing structures present on the land, require renovation or demolition before development can proceed. The list price of £350,000 represents the land value and development potential. The price seems relatively reasonable when considering the potential return from constructing two four-bedroom homes, but further investigation into the specifics of the planning permission, potential development costs, and the market conditions in Blunsdon are necessary to make a definitive assessment of its value. Investors will need to factor in planning permissions, development costs, construction time, and potential sale prices of the completed houses to determine the actual profitability. The lack of detail regarding the plot size (sqft) and the complete absence of information on the property itself, other than its plot size, makes it difficult to undertake a complete and thorough market appraisal. A detailed site survey and cost analysis by a qualified surveyor and construction professional would be critical before committing to purchasing this property.

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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