Critchlow Estate Agents says ..
INVESTMENT OPPORTUNITY! Student Accomodation Development Opportunity Outline Planning for up to 119 units LAND FOR SALE Property Type Land Property Subtype Industrial Total Lot Size 0.70 AC
Property Oracle says ..
This property on Leek Road in Hanley, Stoke-on-Trent, presents a unique case. Listed at £600,000, it is described as an investment opportunity for student accommodation development. The architectural renderings show a modern structure that appears well-built, but several factors complicate a straightforward evaluation. The listing provides zero bedrooms and bathrooms making it unclear as to the functionality of the unit. The absence of land also affects the overall valuation. Considering the average property prices in the nearby streets which range significantly lower than the asking price, there’s substantial doubt whether the £600,000 price point is reasonable for the property in its current state. The potential for high returns in the future, should the student accommodation development be successful, is a significant factor to account for when viewing this investment. While the location provides a reasonable proximity to transport links and schools, more information is required to fully understand the surrounding area and its appeal. Therefore, a cautious approach is needed when considering this property, acknowledging the high potential return as well as the considerable financial risk. Further due diligence, including site visits and professional valuation, are essential before any investment decision.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 4
- Condition
- 7
- Location
- 6
- Land
- 1
- Bedrooms
- 0
- Bathrooms
- 1
- Sqft (est)
- 753.47
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
- 210,000.00 £Increased by 54.67 %
- Est sale value
- 159,735.64 £Increased by 26.95 %
- Average area rental value
- 699.00 £/moDecreased by 31.34 %
- Est letting value
- 0.00 £/moDecreased by 100.00 %
- Est rental Yield
- 3.99 %Decreased by 55.67 %
- Crime Rate
- 0.00 %
Agent Activity
Critchlow Estate Agents created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Our Lady And St Benedict Catholic Academy | Academy Converter | Requires improvement | 1.04 KM |
| Abbey Hulton Primary School | Academy Converter | 1.08 KM | |
| Merit Hospital School And Medical Pupil Referral Unit | Pupil Referral Unit | Good | 1.13 KM |
| Eaton Park Academy | Academy Converter | Good | 1.26 KM |
| Northwood Broom Academy | Academy Converter | 1.29 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Winston Place | £ 0 | 0 | 0.00 KM |
| School Road | £ 100,000 | 0 | 0.00 KM |
| Marne Place | £ 0 | 0 | 0.00 KM |
| Abbey Street | £ 227,500 | 0 | 0.00 KM |
| Townsend Place | £ 160,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Stoke-On-Trent | 1314 | SOT | 3.83 KM |
| Longton | 1306 | LGN | 4.47 KM |
| Longport | 1305 | LPT | 7.28 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Leek Road, Hanley | £ 600,000 | BUY | 4 / 10 | 0.00 KM |
| Leek Road, Hanley, Stoke-on-Trent | £ 85,000 | BUY | 6 / 10 | 0.01 KM |
| Leek Road, Northwood, Stoke-on-Trent, ST1 | £ 110,000 | BUY | 6 / 10 | 0.01 KM |
| Leek Road, Stoke-On-Trent, ST1 6AP | £ 110,000 | BUY | 5 / 10 | 0.06 KM |
| Leek Road, Stoke-On-Trent | £ 140,000 | BUY | 6 / 10 | 0.06 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 940 Leek Road | £ 69,500 | 0.01 KM |
| 978 Leek Road | £ 112,000 | 0.01 KM |
| 988 Leek Road | £ 93,000 | 0.01 KM |
| 970 Leek Road | £ 17,500 | 0.01 KM |
| 972 Leek Road | £ 72,000 | 0.01 KM |