Philip Booth Esq says ..

Property Oracle says ..

This listing presents an opportunity to purchase a 0.75-acre plot of land situated on the edge of the village of Nuneham Courtenay, Oxfordshire. The land is described as a ‘gateway development plot’ with potential for up to four detached dwellings, subject to planning permission. The photos show an undeveloped plot of land, with some new saplings planted but otherwise overgrown. The location offers a blend of rural charm and proximity to Oxford, with several nearby villages and good transport links to the city. However, access to amenities and the precise location within Nuneham Courtenay will need to be considered carefully by any potential buyer. The proximity to the A4074 could be a consideration for prospective buyers. The price of £400,000 reflects the potential development value, but buyers should factor in planning permission costs, development costs, and the inherent risks associated with land acquisition before construction. Detailed due diligence, including a thorough planning investigation and site survey, is essential before committing to this purchase. The lack of existing buildings means the land is essentially a blank canvas, offering significant flexibility but also considerable development challenges. The lack of infrastructure and utilities should also be investigated prior to purchase. Given the lack of information on average price per sqft for the immediate area, accurate comparison of value is somewhat hindered. However, prices in the nearby vicinity can inform the potential of the land.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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