Hollis Morgan Auctions says ..

Property Oracle says ..

This property listing is for a building plot on Morley Close in Staple Hill, South Gloucestershire. The plot includes a rank of garages and has planning permission granted for the construction of a detached house with a swimming pool. The existing garages, as shown in the aerial and ground-level photos, appear to be in a state of disrepair, requiring demolition before any new construction can begin. The location in Staple Hill offers access to local amenities, including shops and schools, some of which have received favourable Ofsted reports. Transport links to Bristol Parkway and other areas are also relatively close. However, the immediate surroundings of the plot show a mix of residential and commercial properties. The approved plans show a substantial house with a sizable swimming pool, garage and garden. The property is currently listed for £175,000, a price point that appears to balance the cost of demolition, new construction, and the potential value of the finished property considering similar properties in the area. The absence of precise details on the land size apart from the reference to 0.2 acres, and limited available nearby property data hinders a complete market value assessment. The absence of a comparable data set for similar plots with planning permission makes it difficult to assess the price’s competitiveness entirely. Overall, this property presents a considerable opportunity for development, but buyers should be aware of the demolition costs and potential for project delays, however, the existing planning permission streamlines the process considerably.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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