KLP says ..
Former Nursing Home site for potential redevelopment (subject to planning permission Ref.21/02785/OUT) in this semi-rural location on the outskirts of Langport. The site extends in total to approximately 1.70 hectares (4.20 acres), indicative layout plan showing 24 new dwellings.
Property Oracle says ..
This property is a redevelopment site encompassing approximately 4.2 acres of land, formerly occupied by a nursing home. The site is located on the outskirts of Langport in Somerset, offering a semi-rural setting. The existing structure shows signs of age and requires significant renovation or demolition. The land provides ample space for a planned development of 24 new dwellings (subject to planning permission), as indicated by the proposed site layout plan. The listing price is £1,000,000. Several nearby properties are noted, but the provided data lacks crucial details such as square footage and specific property types. The absence of detailed transport links needs to be considered. The proximity to several schools – Huish Episcopi Primary School, Langport Building, Huish Episcopi Academy, Curry Rivel Church Of England VC Primary School, and High Ham Church Of England Primary School, ranging from 2.12KM to 5.24KM – is a positive aspect for potential residents of any new development. However, the success of the venture heavily relies on securing planning permission for the proposed development. This is a high-risk, high-reward investment opportunity, with a significant financial outlay required before any return is generated.
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
- 7
- Condition
- 4
- Location
- 6
- Land
- 10
- Bedrooms
- 0
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 432,500.00 £Increased by 25.16 %
- Average area rental value
- 1,323.00 £/moDecreased by 16.90 %
- Est rental Yield
- 3.67 %Decreased by 33.63 %
- Crime Rate
- 0.00 %
Agent Activity
KLP created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Huish Episcopi Primary School | Academy Converter | Good | 2.12 KM |
| Langport Building | Children's Centre Linked Site | 2.36 KM | |
| Huish Episcopi Academy | Academy Converter | Good | 2.95 KM |
| Curry Rivel Church Of England Vc Primary School | Voluntary Controlled School | Requires improvement | 3.08 KM |
| High Ham Church Of England Primary School | Voluntary Controlled School | Good | 5.24 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| A378 | £ 385,000 | 0 | 0.00 KM |
| Westover | £ 1,100,000 | 0 | 0.00 KM |
| Park Lane | £ 500,000 | 0 | 0.00 KM |
| Moor Park Road | £ 425,000 | 0 | 0.00 KM |
| Parrett Close | £ 0 | 0 | 0.00 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| REDEVELOPMENT SITE, Langport, TA10 | £ 1,000,000 | BUY | 6 / 10 | 0.00 KM |
| Portway, Langport, Somerset, TA10 | £ 800,000 | BUY | 7 / 10 | 0.24 KM |
| Portfield, Langport, TA10 | £ 495,000 | BUY | Unknown | 0.31 KM |
| Frog Lane, Langport | £ 850,000 | BUY | 7 / 10 | 0.79 KM |
| Westover, Langport, Somerset, TA10 | £ 900,000 | BUY | Unknown | 0.84 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| Southways | £ 387,500 | 0.99 KM |
| Penshaw House | £ 375,000 | 0.99 KM |
| Hylands | £ 363,000 | 0.99 KM |
| Little Orchard | £ 499,950 | 0.99 KM |
| Apple Acre | £ 445,000 | 0.99 KM |