Cooper & Tanner says ..

Property Oracle says ..

This property is a large plot of land located on Lowerside Lane, Glastonbury, with outline planning permission for 90 dwellings. The location is relatively convenient, with proximity to Glastonbury town centre and several schools rated ‘Good’ by Ofsted. Images reveal a substantial, mostly flat parcel of land that appears suitable for development. The absence of a structure means that the existing property ‘condition’ is not directly relevant. The list price of £4,500,000 seems reasonable, given the scale of the project, but the feasibility depends heavily on the specific development plans, costs, and market conditions. More detailed financial information is needed for a conclusive evaluation. Further investigation into the planning permissions is needed to ascertain potential development challenges and associated costs, like infrastructure requirements, which could impact the profitability of the project. The lack of precise square footage details for the plot hinders a more accurate price-per-square-foot analysis. The surrounding area has existing housing developments, showing evidence of consistent development and suggesting positive future prospects. Potential buyers should thoroughly review the planning permission documents, conduct a detailed cost analysis considering all associated expenses, and assess the local market demand to accurately evaluate the potential return on investment. Additional factors to consider would include utility connections, infrastructure availability, and environmental impact assessments.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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