Quintons says ..

Property Oracle says ..

The property is a land plot located in Mortimer, Reading, Berkshire. The listing price is £1,250,000. Given the lack of information regarding the size of the land plot (square footage), it’s impossible to provide a definitive analysis of the price per square foot. However, the average price per square foot in the area is £412. The surrounding area shows a range of property prices, with some detached houses exceeding £500,000 and others below. This suggests a degree of variability in pricing within the locality. The location benefits from being relatively close to Mortimer train station (Great Western Railway), offering convenient access to public transport. Several schools with good Ofsted ratings are also within a reasonable distance, making it potentially attractive to families. The images reveal that the property consists of several buildings, one of which appears to be a commercial unit (“Pristine Pups Ltd”). The condition of these buildings seems to vary. Some areas appear well-maintained, while others might require renovation or refurbishment. Further information is needed to provide a more detailed assessment of the overall condition. The available land appears substantial, offering potential for development or expansion. However, without knowing the exact plot size, it is difficult to accurately assess the land’s value. Given the lack of precise data on the property’s size and the condition of the structures, a comprehensive evaluation of the price’s reasonableness is challenging. The listing price is significantly higher than the average house price in the area (£449,179), but this is expected given the property is a land plot with existing buildings, potentially suitable for various commercial or residential uses. A more detailed assessment of the property’s potential use and development possibilities would be needed to fully justify the asking price.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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