Development Land , Main Street, Swardeston , Norwich, Norfolk
By Brown & Co
£ 2,200,000
Reviews
3 out of 5 stars
Brown & Co says ..
LAND ALLOCATED FOR RESIDENTIAL DEVELOPMENT SEEKING A CARE HOME SCHEME AND/OR A RESIDENTIAL SCHEME SUBJECT TO PLANNING
Property Oracle says ..
This listing presents a significant opportunity for property development in the sought-after village of Swardeston, Norfolk. The large plot of land offers scope for a care home scheme and/or a residential development (subject to planning permissions). The location benefits from good nearby schools, and proximity to Norwich city centre, a desirable location in a family-friendly village environment. However, the absence of square footage information for both the land and any potential development, combined with the large purchase price, raises some degree of uncertainty. Prospective buyers should fully investigate the planning requirements, development costs, and potential returns before proceeding. Significant due diligence is required to validate the financial viability of this development project. The potential is high, but the risk also is significant. Detailed planning permission information and professional assessments of construction costs and potential resale values are crucial before forming a definitive financial opinion.
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
- 6
- Condition
- 5
- Location
- 7
- Land
- 8
- 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
- 605,000.00 £Increased by 26.89 %
- Average area rental value
- 1,123.00 £/moIncreased by 1.17 %
- Est rental Yield
- 2.23 %Decreased by 20.07 %
- Crime Rate
- 0.00 %
Agent Activity
Brown & Co created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Mulbarton Primary School | Community School | Good | 2.76 KM |
| Eaton Primary School | Academy Sponsor Led | Good | 3.56 KM |
| Cringleford Ce Va Primary School | Voluntary Aided School | Outstanding | 3.83 KM |
| University Technical College Norfolk | University Technical College | Good | 3.90 KM |
| Eaton Hall Specialist Academy | Academy Special Converter | Outstanding | 4.36 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Hillside Close | £ 275,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Norwich | 7309 | NRW | 8.20 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Development Land , Main Street, Swardeston , Norwich, Norfolk | £ 2,200,000 | BUY | 6 / 10 | 0.00 KM |
| Swardeston, Norwich, Norfolk | £ 510,000 | BUY | 7 / 10 | 0.17 KM |
| Main Road, Swardeston | £ 600,000 | BUY | 7 / 10 | 0.24 KM |
| Hillside Close, Swardeston, Norwich, Norfolk | £ 275,000 | BUY | 6 / 10 | 0.27 KM |
| Main Road, Swardeston, Norwich | £ 575,000 | BUY | Unknown | 0.28 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 7 Bobbins Way | £ 480,000 | 0.39 KM |
| 11 Bobbins Way | £ 440,000 | 0.39 KM |
| Glen Resa | £ 225,000 | 0.49 KM |
| High Paddock | £ 314,500 | 0.49 KM |
| Beech House | £ 510,000 | 0.49 KM |