Robert Ellis says ..

Property Oracle says ..

This property in West Hallam, Derbyshire, is presented as a building plot with planning permission for a three-bedroom detached bungalow. The site includes an existing structure that appears to be in disrepair, requiring demolition or extensive renovation. Aerial photographs reveal the plot’s size and location within a residential area, bordering other properties. The plot’s location is positive, situated near local schools and transport links to major towns. However, the current state of the existing building and the need for significant site preparation before construction can begin will add substantial costs to the overall project. Therefore, while the price may seem relatively reasonable for the plot in a desirable location, potential buyers should factor in the significant costs associated with demolition, site clearance, and construction of the new bungalow. The existing building and land appear to need significant work. The planning permission for a new build offers potential, but careful assessment of potential costs is crucial for any buyer. Potential buyers should also consider the lack of existing amenities which are essential for living in the short term and the cost of creating these themselves.

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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