Bovingdons says ..
Excellent Development opportunity on the former Station Goods Yard for up to 39 dwellings which has outline planning permission (just expired) close to the mainline railway station in this popular village. Offers are invited on an STP basis for the freehold purchase.
Property Oracle says ..
This property listing presents an excellent development opportunity located on Station Road, Littleport, Cambridgeshire. The site, a former Station Goods Yard, has outline planning permission (now expired) for the construction of up to 39 dwellings. Its proximity to the Littleport railway station and local schools makes it an attractive proposition. The artist’s impressions depict a planned development of attractive houses, with garden space and parking. However, the actual condition of the land is currently unknown, and the expired planning permission necessitates further investigation and potential additional costs to secure new planning approval. The £1,400,000 asking price should be considered in light of the required investment for securing updated planning permission and for development costs. The lack of precise measurements (square footage for both the plot and any potential buildings) makes it difficult to determine the exact value per square foot and therefore assess whether the price is exceptional or merely reasonable. A comprehensive cost analysis, including potential planning fees, construction costs, and potential profits from the sale of the developed properties, is crucial to fully assess the financial viability of this investment. The surrounding area shows house prices ranging greatly and further complicates valuation for this specific development opportunity.
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
- 5
- Location
- 7
- Land
- 6
- Bedrooms
- 0
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 318,750.00 £Increased by 5.26 %
- Average area rental value
- 1,256.00 £/moDecreased by 6.48 %
- Est rental Yield
- 4.73 %Decreased by 11.09 %
- Crime Rate
- 5.00 %Unchanged by 0.00 %
Agent Activity
Bovingdons marked this listing as sold.
Bovingdons created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Littleport & East Cambs Academy | Academy Sponsor Led | 2.00 KM | |
| Highfield Littleport Academy | Academy Special Sponsor Led | 2.28 KM | |
| Millfield Primary School | Academy Converter | Good | 2.65 KM |
| Littleport Community Primary School | Community School | Good | 2.67 KM |
| Littleport Child And Family Centre | Children's Centre | 2.86 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Poppy Close | £ 0 | 0 | 0.00 KM |
| Kingmead Court | £ 305,000 | 0 | 0.00 KM |
| Burberry Court | £ 199,950 | 0 | 0.00 KM |
| Park Drive | £ 307,500 | 0 | 0.00 KM |
| Branch Bank | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Littleport | 7072 | LTP | 0.14 KM |
| Ely | 7068 | ELY | 9.51 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Station Road, Littleport | £ 1,400,000 | BUY | 6 / 10 | 0.00 KM |
| Station Road, Littleport, Ely, Cambridgeshire | £ 200,000 | BUY | 6 / 10 | 0.16 KM |
| Lynn Road, Littleport | £ 395,000 | BUY | 7 / 10 | 0.28 KM |
| Lynn Road, Littleport, Ely, Cambridgeshire, CB6 | £ 425,000 | BUY | 7 / 10 | 0.33 KM |
| Lynn Road, Littleport, Ely | £ 265,000 | BUY | 6 / 10 | 0.37 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 25 Lynn Road | £ 335,000 | 0.27 KM |
| 7b Lynn Road | £ 305,000 | 0.27 KM |
| 7a Lynn Road | £ 195,000 | 0.27 KM |
| 3 Lynn Road | £ 295,000 | 0.27 KM |
| 3a Lynn Road | £ 307,000 | 0.27 KM |