Corum says ..

Property Oracle says ..

The property is a development opportunity for three new homes in Monkton. The location is described as being in the heart of the popular village, close to local amenities. The provided images show a currently undeveloped plot of land that appears to be relatively flat and largely clear of significant obstructions. Given the lack of information on the property’s current condition and size (0 sqft), a condition score cannot be given. Similarly, a land score cannot be provided due to the lack of specific plot size information. However, the plot appears to be of sufficient size to accommodate the planned three homes. The list price of £125,000 is significantly lower than the average house price in the area (£607,198). This is expected given that the listing is for a development opportunity rather than a finished property. The average price per sqft in the area is £436, but this metric is not applicable to this land sale. Considering the potential for developing three homes on this site, and the relatively low asking price compared to nearby property prices (ranging from £205,000 to £280,000 for existing homes), the price could be considered reasonable, depending on planning permission and development costs. However, without knowing the build costs and potential sale value of the finished homes, a definitive price score cannot be accurately determined.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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