Carter Jonas says ..

Property Oracle says ..

This listing presents an opportunity to acquire a residential development site in Ainderby Quernhow, a village situated between the market towns of Ripon and Thirsk in North Yorkshire. The site comes with detailed planning consent for the construction of three new dwellings, which significantly reduces the risks and time associated with gaining planning permission. This is a key advantage, and can be seen as a relatively risk-free investment if the development is carried out to expectation.

The location offers a balance between rural tranquility and access to amenities. Pickhill, a nearby village, provides a primary school with a ‘Good’ Ofsted rating. Ripon and Thirsk offer a broader range of amenities, including secondary schools, shops, and other services.

The absence of an existing property means that the buyer will need to manage the entire construction process. Whilst this may bring its own risk, it also allows the prospective developer to tailor their construction to their personal taste.

The asking price should be considered in the context of development costs and potential resale values. A detailed cost-benefit analysis, including potential building costs, fees and profit margins, is strongly recommended before committing to this purchase. The site presents significant development potential, but success will depend upon effective project management and market conditions. The risk is mitigated somewhat by the granted planning permission.

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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