Keith Taylor says ..

Property Oracle says ..

This property is a prime residential development site located in Barff Lane, Brayton, North Yorkshire. The site’s size is significant, offering substantial potential for development of multiple residential units. The asking price of £550,000 reflects this potential, although a final valuation will heavily depend on planning permission and the specifics of the development plans. The surrounding area demonstrates a variety of property types and values. While some nearby homes are priced considerably lower, others show prices close to the asking price for the entire site. Nearby amenities include Brayton Church of England Primary School and Brayton Academy, suggesting potential appeal for families. The area also provides relatively convenient access to train stations, such as Selby, offering commuter links. However, it is important to note that the site itself appears undeveloped and requires significant work including the presence of existing structures that need assessment and potential removal before any development can commence. The land is not landscaped; it requires significant improvements prior to any planning application. Ultimately, the value of this property is highly contingent upon obtaining planning permission and the successful execution of a development plan. A thorough site survey, geotechnical assessment and detailed planning application costing is necessary to accurately assess the viability and the financial feasibility of the project. Potential buyers should factor in these significant costs in addition to the purchase price itself when considering the overall financial undertaking. This is a substantial investment with inherent risk, but the potential for profit is demonstrably there.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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