Savills says ..

Property Oracle says ..

This property listing presents a large plot of land in Woodville, Swadlincote, with a building of unknown size and purpose. The location is described as being in the Ashby Woulds area of North West Leicestershire. It’s important to note that the listing lacks key details, such as the number of bedrooms and bathrooms, total square footage, and specific details about the building itself. The lack of these details makes a comprehensive assessment challenging.

The provided image shows a building that appears to be used for commercial or industrial purposes, situated in an area that seems to be mixed commercial and residential. Proximity to several schools (Albert Village Primary, Woodville CofE Junior and Infant, and Belmont Primary) is a positive for families, though the Ofsted ratings vary. However, the image also suggests an industrial setting.

The price of £6,450,000 is high, but the justification for this price is largely reliant on the significant size of the land. Without square footage details, it’s impossible to determine the price per square foot. The nearby residential properties in the area show that average home prices are significantly lower, ranging from approximately £165,000 to £295,000. The value of this property hinges on the potential for either redevelopment or continued commercial use. Further due diligence, including a site survey, would be essential before committing to a purchase at this price point. The absence of information on transport links makes assessment of the location more difficult; the presence of nearby schools is a plus. Ultimately, the suitability of this property depends heavily on the intended use and a thorough market appraisal for similar industrial land plots in the area.

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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