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 %
- Average area rental value
- 939.00 £/moIncreased by 30.96 %
- Est rental Yield
- 2.36 %Increased by 24.87 %
- Crime Rate
- 0.00 %
Agent Activity
Phipps & Pritchard created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Far Forest Lea Memorial Cofe Primary School | Voluntary Controlled School | Requires improvement | 0.18 KM |
| Bayton Cofe Primary School | Voluntary Controlled School | Outstanding | 6.00 KM |
| Kinlet Cofe Primary School | Voluntary Controlled School | Good | 6.01 KM |
| Abberley Parochial Vc Primary School | Voluntary Controlled School | Good | 7.20 KM |
| St Anne'S Cofe Vc Primary School | Voluntary Controlled School | Good | 7.57 KM |
Images
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| For Eight Luxury Homes, Cleobury Road, Far Forest, Kidderminster, Worcestershire | £ 1,600,000 | BUY | 6 / 10 | 0.00 KM |
| Far Forest, Worcestershire | £ 495,000 | BUY | 7 / 10 | 0.11 KM |
| New Road, Far Forest, Kidderminster | £ 375,000 | BUY | 7 / 10 | 0.27 KM |
| New Road, Far Forest, Kidderminster | £ 310,000 | BUY | 7 / 10 | 0.28 KM |
| Oakleaf Rise, Far Forest, Kidderminster | £ 400,000 | BUY | 7 / 10 | 0.30 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| Springhill | £ 605,000 | 0.01 KM |
| Forest Heights | £ 310,000 | 0.01 KM |
| Willow Bank | £ 305,000 | 0.01 KM |
| The Seasons | £ 285,000 | 0.01 KM |
| Orchard House | £ 185,000 | 0.01 KM |