Knight Frank says ..

Property Oracle says ..

This listing by Knight Frank presents a unique investment opportunity: a 1.46-acre plot of land on Beaumont Road North in Sheffield, with detailed planning permission for 26 new houses. The location is advantageous due to its proximity to Sheffield Parkway, offering easy access to the city centre. Several good schools are also within a reasonable distance, making it potentially attractive for families. The significant plot size indicates a considerable development potential, making it appealing to investors and builders. However, the absence of a building and the lack of comparable properties for direct comparison make determining the exact market value challenging. The list price of £800,000 would need to be evaluated against the projected construction costs, potential sale prices of the completed houses, and current land values in the area to fully assess its reasonableness. The property is presented as a development opportunity with risks and rewards associated with such ventures. The absence of key data, such as the size of the individual houses planned and projected prices for the completed homes means that a definitive statement on the value of the property is difficult to conclude.

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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