Wards says ..
This substantial plot of land has no planning permission due to tree presentation orders and is subject to an overage agreement that if a buyer were able to develop within 10 years, 50% of any onward value would be paid to current owner.
Property Oracle says ..
This property is a plot of land located on Frederick Road in Gillingham, Kent, listed at £50,000. The images reveal an overgrown garden or lot in need of significant landscaping and possibly clearance. There is no existing structure present. The location is relatively convenient, with Gillingham train station within walking distance, offering good transportation links. Schools are also present in close proximity. However, the immediate neighborhood appears less maintained, potentially affecting the property value.
The major drawback is the lack of any building and the condition of the land. A substantial investment would be needed to develop the site, requiring planning permission, site preparation, and construction costs. These costs could significantly outweigh the initial purchase price. Furthermore, the low listing price warrants closer scrutiny of potential complications (environmental issues, planning restrictions). Therefore, while the land size and location have their merits, the extensive work required and absence of any existing structure introduce considerable risk. Prospective buyers should conduct thorough due diligence, including seeking professional advice, to assess the feasibility and financial viability of developing this plot before committing to a purchase. The low list price does make the property potentially attractive for property developers, but significant risk must be considered. Local comparable property sale data is lacking and more information on property size is needed to properly assess the property.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 3
- Condition
- 4
- Location
- 7
- Land
- 6
- Bedrooms
- 0
- Bathrooms
- 0
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
- 253,389.00 £Increased by 1.64 %
- Average area rental value
- 981.00 £/moDecreased by 6.12 %
- Est rental Yield
- 4.65 %Decreased by 7.55 %
- Crime Rate
- 2.00 %Unchanged by 0.00 %
Agent Activity
Wards created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Hospital And Medical Tuition Service | Miscellaneous | 0.41 KM | |
| Brompton Academy | Academy Sponsor Led | Good | 0.55 KM |
| Byron Primary School | Academy Sponsor Led | Requires improvement | 0.65 KM |
| Napier Community Primary And Nursery Academy | Academy Sponsor Led | Good | 0.82 KM |
| Oasis Academy Skinner Street | Academy Sponsor Led | Good | 0.85 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Balmoral Gardens | £ 0 | 0 | 0.00 KM |
| Kimberley Road | £ 0 | 0 | 0.00 KM |
| Sappers Walk | £ 0 | 0 | 0.00 KM |
| Pretoria Road | £ 230,000 | 0 | 0.00 KM |
| Bus Lane | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Gillingham (Kent) | 5169 | GLM | 0.84 KM |
| Chatham | 5199 | CTM | 2.58 KM |
| Rochester | 5203 | RTR | 3.81 KM |
| Strood (Kent) | 5191 | SOO | 5.18 KM |
| Rainham (Kent) | 5177 | RAI | 7.58 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Frederick Road, Gillingham, Kent | £ 50,000 | BUY | 5 / 10 | 0.00 KM |
| Jeyes Road, Gillingham | £ 400,000 | BUY | 6 / 10 | 0.06 KM |
| Frederick Road, Gillingham, Kent, ME7 | £ 245,000 | BUY | 6 / 10 | 0.06 KM |
| Jeyes Road, Gillingham | £ 240,000 | BUY | 6 / 10 | 0.07 KM |
| Albert Road, Gillingham, Kent | £ 180,000 | BUY | 5 / 10 | 0.10 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 40 Frederick Road | £ 242,500 | 0.03 KM |
| 23 Frederick Road | £ 196,000 | 0.03 KM |
| 1 Frederick Road | £ 150,000 | 0.03 KM |
| 50 Frederick Road | £ 249,000 | 0.03 KM |
| 20 Frederick Road | £ 208,000 | 0.03 KM |