Dean Estate Agents says ..

Property Oracle says ..

This property listing is for a building plot located on Coombs Road, Coleford, Gloucestershire. It benefits from ‘planning in principle’ for the erection of a detached dwelling. This means that the local council has granted a preliminary approval for the development, although full planning permission is still needed. The plot appears to have a reasonable size based on an aerial photograph, sufficient for a detached home and garden. The photograph also shows that the land is largely unimproved, with construction materials and equipment present, suggesting a need for significant groundworks before construction can commence.

The location on Coombs Road is in a generally desirable area, with nearby streets exhibiting higher property values, suggesting strong local demand. Proximity to schools is indicated, though specific distances and transport accessibility are unclear. The absence of details regarding specific plot size in square footage makes accurate comparison with other properties difficult. The price of £100,000 appears initially low for a potential building plot with planning permission in principle; however, the extensive development work required before construction could begin significantly affects its value proposition. The considerable groundwork and building costs should be carefully considered when evaluating the overall cost-effectiveness of this opportunity. Potential buyers should factor in these costs and seek detailed information about all aspects of the development before committing to a purchase. The lack of bathrooms and bedrooms is expected, as this is an empty building plot.

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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