Robert Ellis says ..

Property Oracle says ..

This listing presents a unique opportunity to acquire a building plot with planning permission for a one-bedroom detached bungalow in the prestigious Mapperley Park area of Nottingham. The location is a significant advantage, offering proximity to good schools such as St Augustine’s Catholic Primary and Nursery School (rated ‘Good’ by Ofsted) and several others nearby. The plot’s size seems reasonable for the proposed development, although the photos indicate that it’s currently unprepared land needing groundworks. The property is listed at £75,000, which is considerably less than the price of nearby apartments and flats. However, this price only reflects the land itself; substantial costs will be incurred during the building process, such as the purchase of materials, labour, and associated fees. Prospective buyers should undertake a thorough cost-benefit analysis, assessing the overall project expenses alongside the eventual property value to judge the financial viability. While the plot’s potential value is high due to the desirable location, the significant upfront investment should be carefully considered. The lack of existing property means there is no assessment of condition possible.

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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