Lovett&Co. Estate Agents says ..

Property Oracle says ..

This listing is for a plot of land located to the rear of Bridge Cross Road in Burntwood, Staffordshire. The key feature is that it already has planning permission for a three-bedroom bungalow, which significantly reduces the time and effort required for development compared to obtaining permission for a new build. The plans show a relatively sizable bungalow design.

The area is characterized by a mix of housing types and shows positive aspects such as good primary and secondary schools in close proximity. The neighboring properties on Bridge Cross Road provide a range of styles and values; this offers an overall positive outlook of the neighborhood.

However, the current state of the plot is far from ideal; as the images demonstrate, it’s overgrown and contains debris. This will likely require significant clearance and preparation work before any building can commence, adding to the overall development cost. The lack of precise square footage for both the plot and the proposed bungalow creates some uncertainty in evaluating the true potential return on investment.

Potential buyers should carefully consider the additional costs associated with site preparation, construction, and any potential unforeseen issues during the building process. A thorough review of the planning permission and site survey will also be crucial before making an offer. The current listed price should be assessed against the cost of the build to determine whether the project will be profitable.

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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