GFW says ..

Property Oracle says ..

This listing presents a significant opportunity for development in Killingworth, Newcastle upon Tyne. The property consists of a substantial plot of undeveloped woodland land, located on The Spinney. The land’s size appears considerable, as evidenced by the aerial photograph, offering potential for various development projects. The surrounding area of Killingworth offers a range of amenities, including good schools (George Stephenson High School receiving a ‘Good’ Ofsted rating) and relatively easy access to transport links to Newcastle and beyond. However, crucial information is missing to provide a complete and accurate assessment. Key missing data includes the precise size of the plot in square feet, the presence or absence of planning permission, and details about potential development restrictions. Without this information, it is difficult to fully evaluate the property’s potential value and suitability for different types of development. The absence of buildings or existing structures means that the property is currently undeveloped land requiring substantial investment before it can be used. The absence of bathrooms and bedrooms reflects this. The listed price of £240,000 is substantial for undeveloped land, and a thorough due diligence process, including obtaining planning permission and conducting a full site survey, is necessary before making any investment decision. Interested parties should carefully consider the potential costs involved in development, including site preparation, construction, and potential planning fees, against the potential return on investment. The lack of comparable sales data for similar plots in the immediate vicinity further complicates the valuation process.

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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