Mannleys Sales & Lettings says ..

Property Oracle says ..

The property is located in Ketley Bank, Telford, Shropshire. The area benefits from relatively close proximity to Oakengates train station (0.58km) providing access to Telford Central and other destinations. Several primary schools are within a 1km radius, including Queenswood Primary School and Nursery (0.46km), Oakengates Nursery School (0.77km), and Wombridge Primary School (0.82km). The provided Ofsted rating for Queenswood Primary School is “Requires improvement,” while Oakengates Nursery School is rated “Good.” The proximity to these amenities is positive for families. The property itself is a development opportunity involving the construction of two detached houses on a site of approximately 0.33 acres. The existing structure is derelict, as shown in the photographs, requiring complete demolition and new construction. Therefore, the condition of the current property is poor. The land available is substantial, offering significant potential. Considering the average house price in the area is £228,876 and the average price per sqft is £256, the listed price of £250,000 for this development opportunity seems reasonable, particularly given the size of the plot and the potential to build two detached houses. However, the actual final cost will depend on construction costs and the final sale prices of the two new houses. The nearby property sales show a range of prices, indicating some variability in the market. The lack of sqft data for the nearby properties makes a precise comparison difficult.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images