Paul Carr Land & New Homes says ..

Property Oracle says ..

This listing is for a plot of land located to the rear of 13 Lichfield Road, Walsall Wood, West Midlands. The key feature is that it already has outline planning permission (Walsall Council planning reference: ²³⁄₀₇₆₇) granted for the construction of two three-bedroom semi-detached houses, each approximately 915 square feet. The plans show a typical semi-detached design spread over three floors, including living areas, kitchens, bathrooms, and bedrooms across the three floors. This means the development represents a potential opportunity for building two houses and later selling them or renting them out. The existing garden area, as shown in the image, shows an average condition, and will need some landscaping work.

The location in Walsall Wood places the plot near several well-regarded schools, including two with outstanding Ofsted ratings. The proximity to Walsall town center and various train stations is a significant positive, providing convenient transport links. However, more details on immediate local amenities (shops, restaurants, etc.) are needed for a complete assessment.

The absence of square footage and plot size in the listing is a significant drawback. Without this crucial information, an accurate assessment of the land’s value and potential return on investment is impossible. The asking price of £150,000 could represent good value if the plot is suitably sized, considering the construction costs of the planned two houses, and taking into account the average house prices of similar properties in this area. However without this information, a definite assessment cannot be made.

Overall, this property offers a potential development opportunity within a reasonably good location. The success of the investment will depend heavily on the final construction costs and the prevailing market conditions. The absence of key details like exact plot size limits the possibility for a detailed analysis, making an impartial overview rather challenging. Therefore, potential buyers should conduct thorough due diligence, including professional surveys and cost assessments before making any purchase decisions.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images