For Eight Luxury Homes, Cleobury Road, Far Forest, Kidderminster, Worcestershire
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For Eight Luxury Homes, Cleobury Road, Far Forest, Kidderminster, Worcestershire

By Phipps & Pritchard

£ 1,600,000

Reviews

3 out of 5 stars

Phipps & Pritchard says ..

An exceptional, landmark development opportunity, in the North Worcestershire village of Far Forest, Nr. Bewdley, having outline planning consent to create 8 wonderful luxury homes – what3words:claw.battling.builder. Now to be sold under the hammer with ZERO buyer’s premium. All enq...

Property Oracle says ..

This property presents a unique opportunity in the Worcestershire countryside. The substantial 1.504-acre plot is its most significant asset, offering potential for a variety of developments, subject to planning permission. The existing buildings, while present, appear to require significant renovation or even demolition and rebuilding. This factor significantly impacts the overall value. The location, in Far Forest, offers a peaceful rural environment while maintaining reasonable proximity to the amenities of Kidderminster. However, a lack of readily available public transport needs to be considered. The £1,600,000 listing price needs careful consideration in light of the necessary renovations, but the land alone represents significant value. Potential buyers must carefully weigh the considerable development costs against the overall investment, making thorough due diligence essential before any purchase decision.

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
9
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
477,459.00 £
Increased by 4.94 %
from 454,969.00 £
Average area rental value
939.00 £/mo
Increased by 30.96 %
from 717.00 £/mo
Est rental Yield
2.36 %
Increased by 24.87 %
from 1.89 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Phipps & Pritchard created the listing.

Nearby Schools

NameTypeOfstedDistance
Far Forest Lea Memorial Cofe Primary SchoolVoluntary Controlled SchoolRequires improvement0.18 KM
Bayton Cofe Primary SchoolVoluntary Controlled SchoolOutstanding6.00 KM
Kinlet Cofe Primary SchoolVoluntary Controlled SchoolGood6.01 KM
Abberley Parochial Vc Primary SchoolVoluntary Controlled SchoolGood7.20 KM
St Anne'S Cofe Vc Primary SchoolVoluntary Controlled SchoolGood7.57 KM

Images

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Nearby Listings

AddressPriceTypeScoreDistance
For Eight Luxury Homes, Cleobury Road, Far Forest, Kidderminster, Worcestershire £ 1,600,000BUY6 / 100.00 KM
Far Forest, Worcestershire £ 495,000BUY7 / 100.11 KM
New Road, Far Forest, Kidderminster £ 375,000BUY7 / 100.27 KM
New Road, Far Forest, Kidderminster £ 310,000BUY7 / 100.28 KM
Oakleaf Rise, Far Forest, Kidderminster £ 400,000BUY7 / 100.30 KM

Nearby Properties

AddressPriceDistance
Springhill £ 605,0000.01 KM
Forest Heights £ 310,0000.01 KM
Willow Bank £ 305,0000.01 KM
The Seasons £ 285,0000.01 KM
Orchard House £ 185,0000.01 KM