Newton Fallowell says ..

Property Oracle says ..

The property is a plot of land in Midway, Swadlincote, South Derbyshire. Midway benefits from being relatively close to Swadlincote which offers a range of amenities including schools, shops, and transport links. The proximity to Springfield Junior School, Belmont Primary School, and St Edward’s Catholic Academy (all within approximately 1.11km) is a positive for families. The presence of East Midlands Railway in Willington (7.88km away) provides a rail connection. However, without specific details on the plot size or planned development, a comprehensive assessment of land and location is limited. The images show a proposed new build of two houses, suggesting the plot will have off-street parking. The images provided show artist’s impressions of a modern, new-build property. As such, the property’s condition is expected to be excellent upon completion. There is no evidence to suggest any issues with the condition. The list price of £205,000 for the plot is significantly lower than the average house price in the area (£283,676). However, it’s crucial to note that the average price per sqft (£258) is not applicable as this is a plot of land, not a finished property. Nearby property prices range considerably, from £205,000 to £440,000 for detached houses on Burton Road. Without knowing the size of the plot and the planned development’s specifics (size, number of bedrooms, bathrooms, etc.), it’s impossible to accurately assess the price’s reasonableness. The price may be attractive if the plot allows for a large and valuable property, but further information is needed.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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