Land at Fosseway, Westfield
KI

Land at Fosseway, Westfield

By Killens

£ 800,000

Reviews

3 out of 5 stars

Killens says ..

Development land extending to 0.82 acres with permission for the erection of 6 dwellings together with the refurbishment of the existing dwelling

Property Oracle says ..

This property in Westfield, Bath and North East Somerset, presents a unique opportunity for developers. It consists of a substantial plot of land (0.82 acres), measuring 1,258.30 sqft, with planning permission already granted for the construction of six dwellings and the refurbishment of the existing property. The existing structure appears to be in need of significant renovation; boarded-up windows and overgrown gardens are visible in the photographs. While this requires investment, the potential return from building the six new dwellings could be considerable. The existing house, though needing substantial work, could serve as on-site accommodation during the development process or for the buyer during the refurbishment period. The property’s location is reasonable, benefiting from its relative proximity to several schools that have been rated ‘good’ by Ofsted. However, more detailed information concerning local amenities and transport connections would be needed for a more complete evaluation. The asking price of £800,000 reflects the considerable development potential but also incorporates the costs of renovating the existing building and therefore carries a level of risk given the market uncertainties. Detailed financial projections and a thorough due diligence process are essential before any purchase commitment.

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

Price
7
Condition
4
Location
6
Land
7
Bedrooms
0
Bathrooms
0
Sqft (est)
1,076.39
Lot (est)
1,258.30

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
282,914.00 £
Increased by 0.69 %
from 280,978.00 £
Est sale value
371,354.55 £
Increased by 15.77 %
from 320,764.22 £
Average area rental value
1,047.00 £/mo
Decreased by 2.70 %
from 1,076.00 £/mo
Est letting value
1,076.39 £/mo
Unchanged by 0.00 %
from 1,076.39 £/mo
Est rental Yield
4.44 %
Decreased by 3.48 %
from 4.60 %
Crime Rate
16.00 %
Unchanged by 0.00 %
from 16.00 %

Agent Activity

  • Killens created the listing.

Nearby Schools

NameTypeOfstedDistance
St Benedict'S Catholic Primary SchoolVoluntary Aided SchoolGood0.31 KM
Fosse Way SchoolAcademy Special ConverterGood0.41 KM
Westfield Primary SchoolAcademy Converter0.43 KM
Norton Hill AcademyAcademy ConverterGood0.98 KM
Welton Primary SchoolAcademy ConverterGood1.22 KM

Images

Picture No. 01 Picture No. 03 Picture No. 04 Picture No. 05 Picture No. 02

Nearby Streets

NameAverage PriceAverage SqftDistance
Old Pit Road £ 000.00 KM
Kingfisher Drive £ 000.00 KM
Blackdown Way £ 000.00 KM
Quantock Close £ 000.00 KM
Exmoor Close £ 325,00000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Fosseway, Westfield, Radstock, Somerset, BA3 £ 259,950BUY6 / 100.06 KM
Fosseway, Westfield, Westfield, Radstock, BA3 £ 285,000BUY7 / 100.08 KM
Fosseway, Westfield, Radstock, BA3 £ 327,500BUY7 / 100.13 KM
Fosseway, Westfield, Radstock, Somerset, BA3 £ 300,000BUY7 / 100.14 KM
Fosseway, Westfield, Radstock £ 290,000BUY6 / 100.16 KM

Nearby Properties

AddressPriceDistance
66 Fosseway £ 172,0000.07 KM
82 Fosseway £ 147,0000.07 KM
76 Fosseway £ 152,5000.07 KM
80 Fosseway £ 190,0000.08 KM
68 Fosseway £ 207,0000.08 KM