Belvedere- Development Opportunity
AL

Belvedere- Development Opportunity

By Allen Heritage

£ 150,000

Reviews

3 out of 5 stars

Allen Heritage says ..

Planning permission has been granted to create a two-bedroom detached house on this side-land of the existing residential property. A new title will be established to separate the land.

Property Oracle says ..

This property in Belvedere, Bexley, presents a development opportunity involving building a two-bedroom detached house. The listing offers planning permission, which reduces some of the risk and uncertainty often associated with development projects. The location is reasonably convenient, with relatively close proximity to transportation and schools. Architectural renderings suggest a modern, well-designed house with a garden. The lack of precise details such as square footage for both the plot and the proposed house, along with the absence of concrete pricing data for comparable developments, makes it challenging to perform a rigorous valuation. Nonetheless, the suggested price of £150,000 appears competitive, especially considering the potential for capital appreciation once the construction is completed and given the planning permission in place. However, potential buyers should always conduct thorough due diligence, including detailed site visits and independent professional valuations, to assess the true value and associated risks before committing to a purchase. The relatively close proximity to public transportation and schools are positive elements which mitigate some risk, yet the limited information regarding the specific plot size and its positioning within Belvedere warrants further investigation before committing to a purchase. Overall, this is a speculative investment that could offer reasonable return, however a full site visit and additional information is essential.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
4
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
395,833.00 £
Increased by 7.53 %
from 368,110.00 £
Average area rental value
1,588.00 £/mo
Decreased by 8.68 %
from 1,739.00 £/mo
Est rental Yield
4.81 %
Decreased by 15.17 %
from 5.67 %
Crime Rate
7.00 %
Unchanged by 0.00 %
from 7.00 %

Agent Activity

  • Allen Heritage marked this listing as sold.

  • Allen Heritage created the listing.

Nearby Schools

NameTypeOfstedDistance
St Augustine'S Children'S CentreChildren's Centre0.28 KM
St Augustine Of Canterbury Cofe Primary SchoolAcademy Sponsor LedGood0.28 KM
Northwood Primary SchoolAcademy ConverterGood0.36 KM
Greenmead Children'S Centre (Thamesmead East, Bexley)Children's Centre Linked Site0.38 KM
Southlake Children'S CentreChildren's Centre Linked Site0.38 KM

Images

Rear Map Front Front

Nearby Streets

NameAverage PriceAverage SqftDistance
Orchard Road £ 175,00000.00 KM
Flora Street £ 000.00 KM
Hailey Road £ 000.00 KM
Grove Road £ 550,00000.00 KM
Carrill Way £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Belvedere5092BVD1.22 KM
Abbey Wood5131ABW2.20 KM
Bexleyheath5094BXH3.17 KM
Barnehurst5089BNH3.54 KM
Erith5104ERH3.88 KM

Nearby Listings

AddressPriceTypeScoreDistance
Belvedere- Development Opportunity £ 150,000BUY6 / 100.00 KM
Abbey Road, Belvedere £ 265,000BUY7 / 100.00 KM
Belvedere Court, Laymarsh Close, Belvedere, Kent, DA17 £ 240,000BUYUnknown0.07 KM
Belvedere Court Laymarsh Close Belvedere £ 230,000BUY4 / 100.07 KM
Kingswood Avenue, Belvedere, DA17 5HN £ 475,000BUY6 / 100.14 KM

Nearby Properties

AddressPriceDistance
87 Abbey Road £ 455,0000.01 KM
81 Abbey Road £ 247,5000.01 KM
83a Abbey Road £ 124,9950.01 KM
79 Abbey Road £ 450,0000.01 KM
93 Abbey Road £ 165,9950.01 KM