Residential Development Site, Tanhouse Lane, Cradley, Malvern
G

Residential Development Site, Tanhouse Lane, Cradley, Malvern

By G Herbert Banks

£ 1,050,000

Reviews

3 out of 5 stars

G Herbert Banks says ..

2.95 Acre Residential Development site with current planning for 7 x dwellings, currently subject to a revised application Stunning rural location Situated just off the A4103 providing access to Great Malvern Adjacent to the village amenities of Cradley Direct trains to London Paddington &...

Property Oracle says ..

This property listing presents a 2.95-acre residential development site located in a picturesque rural setting near Cradley, Malvern, Herefordshire. The site’s appeal lies in its substantial land area and current planning permission for seven dwellings. While the existing structures on the land appear to be in need of some maintenance or renovation, the expansive plot and its potential for development make it a potentially attractive investment. The property enjoys a relatively convenient location with access to transport links to Great Malvern and London Paddington. Several well-regarded primary schools are located within a reasonable distance. However, potential buyers should thoroughly investigate the specifics of the revised planning application and factor in the costs associated with renovations or new constructions. The property’s value largely hinges on the successful execution of the planned development. Therefore, due diligence on planning regulations, potential construction costs and market demand in the area is absolutely crucial before making an offer.

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
7
Land
9
Bedrooms
0
Bathrooms
0
Sqft (est)
5,856.11
Lot (est)
21,527.82

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
225,619.00 £
Decreased by 6.60 %
from 241,550.00 £
Est sale value
1,270,775.87 £
Decreased by 18.73 %
from 1,563,581.37 £
Average area rental value
850.00 £/mo
Decreased by 4.92 %
from 894.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
4.52 %
Increased by 1.80 %
from 4.44 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • G Herbert Banks created the listing.

Nearby Schools

NameTypeOfstedDistance
Hidelow Grange SchoolOther Independent SchoolRequires improvement3.13 KM
Cradley Cofe Primary SchoolVoluntary Aided SchoolGood3.79 KM
Suckley Primary SchoolAcademy ConverterOutstanding4.47 KM
Bosbury Cofe Primary SchoolVoluntary Controlled SchoolOutstanding4.92 KM
Compass Community School HerefordOther Independent Special School5.27 KM

Images

1146073 (6-) 1146073 (1-) 1146073 (7-) 1146073 (11-)

Nearby Transport

NameNLCTLCDistance
Colwall4876CWL8.40 KM
Ledbury4784LED8.66 KM

Nearby Listings

AddressPriceTypeScoreDistance
Residential Development Site, Tanhouse Lane, Cradley, Malvern £ 1,050,000BUY6 / 100.00 KM
Tanhouse Lane, Cradley, Malvern, Worcestershire, WR13 £ 150,400BUYUnknown0.33 KM
Tanhouse Lane, Cradley, Herefordshire, WR13 £ 799,000BUY7 / 100.39 KM
Ridgeway Cross, Cradley, Malvern £ 600,000BUY7 / 101.01 KM
Pixiefields, Cradley, Malvern, Herefordshire, WR13 £ 300,000BUY6 / 101.67 KM

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