Halls Estate Agents says ..

Property Oracle says ..

This listing is for a residential development site in Buildwas, Shropshire, with outline planning permission for five detached dwellings. The property comprises approximately 0.62 acres of grassland in a seemingly quiet, elevated, south-facing position. The site’s proximity to Buildwas Academy, which has a ‘Good’ Ofsted rating, and other schools within a 5km radius, is a positive aspect for families. While the absence of existing buildings means that significant investment will be needed to realize the development’s potential, the large plot size presents a considerable opportunity for developers. The nearby sale prices are quite varied, but they include homes and land, both developed and undeveloped which makes a like-for-like comparison difficult. The asking price appears reasonable, considering the land size and development potential, however, potential buyers need to carefully factor in the costs associated with obtaining the necessary planning approvals and construction. The lack of information on the specifics of the planning permission and potential complexities of the development process is something that buyers will need to investigate further before making an informed decision. Overall, this represents a potentially attractive investment but with high development risk which should be taken into consideration.

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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