McCallum Marsh says ..

Property Oracle says ..

This listing from McCallum Marsh presents a residential development opportunity in the desirable village of Medbourne, Leicestershire. The plans reveal the development comprises six dwellings; a mix of 3-bedroom bungalows and 4-bedroom houses, all designed to a high standard. Medbourne, while idyllic, is not heavily serviced in terms of immediate transport or amenities, relying on nearby Market Harborough. However, the village’s character and proximity to good primary schools make it attractive to families. The list price of £600,000 represents the land and the planning permission for the project, not a completed dwelling. The overall viability of this project will depend on several factors including construction costs, the local housing market conditions at the point of sale of the individual units, and the time it takes to complete construction. The nearby property sales data is limited and incomplete, making direct comparison difficult, due to the lack of square footage information in many of the records. The project represents significant potential return if the market conditions at the time of completion remain favorable, but carries risk due to factors beyond the immediate control of the developers. This is a land purchase for development, not a sale of a finished property.

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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