Savills says ..
Residential Development Opportunity
Property Oracle says ..
This Savills listing presents a residential development opportunity in Wetherby, West Yorkshire. The property, located on York Road, consists of a significant undeveloped land plot. The images show overgrown vegetation, indicating a need for land clearance and preparation before building commences.
The listing price of £1,000,000 is a substantial investment. The lack of structural information (square footage, for example) makes a direct price-per-square-foot comparison challenging. However, comparing it to other properties in the area, such as the average price of nearby streets, presents some context. While there are houses listed with much lower prices, there is also higher ones.
The absence of houses in close proximity creates challenges in determining current value. The proximity to local amenities and the good reputation of Wetherby’s schooling system are potential advantages for future development. The property’s value will greatly depend on planning permissions, the eventual size and specifications of the property that can be built, and the development costs involved. Investors should conduct thorough due diligence, including obtaining planning consent and accurately assessing the cost of development, before making a purchase decision. The potential of the location must be weighed against the considerable time and financial investment required for development.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 5
- Condition
- 3
- Location
- 6
- Land
- 7
- 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
- 378,747.00 £Decreased by 17.05 %
- Average area rental value
- 1,460.00 £/moIncreased by 10.61 %
- Est rental Yield
- 4.63 %Increased by 33.43 %
- Crime Rate
- 2.00 %Unchanged by 0.00 %
Agent Activity
Savills created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St James' Church Of England Voluntary Controlled Primary School | Voluntary Controlled School | Good | 0.33 KM |
| Wetherby Children'S Centre | Children's Centre | 0.33 KM | |
| Wetherby High School | Foundation School | Good | 0.41 KM |
| Crossley Street Primary School | Community School | Outstanding | 0.99 KM |
| St Joseph'S Catholic Primary School, Wetherby | Voluntary Aided School | Outstanding | 1.09 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| School Road | £ 345,000 | 0 | 0.00 KM |
| The Chase | £ 287,500 | 0 | 0.00 KM |
| Northfield Avenue | £ 290,000 | 0 | 0.00 KM |
| Wetherby Railway Path | £ 985,000 | 0 | 0.00 KM |
| North Court Grove | £ 159,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Cattal | 8232 | CTL | 9.77 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| The Rowans, York Road | £ 1,000,000 | BUY | 5 / 10 | 0.00 KM |
| Tatterton Lodge, Wetherby | £ 219,950 | BUY | 7 / 10 | 0.10 KM |
| Templar Gardens, Wetherby, West Yorkshire, LS22 | £ 535,000 | BUY | Unknown | 0.12 KM |
| Deighton Road, Wetherby, UK, LS22 | £ 85,000 | BUY | Unknown | 0.13 KM |
| York Road, Wetherby | £ 499,999 | BUY | 8 / 10 | 0.13 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 4 Ashfield | £ 483,000 | 0.14 KM |
| 48a York Road | £ 242,500 | 0.14 KM |
| 8 Ashfield | £ 460,000 | 0.14 KM |
| 1a Ashfield | £ 166,000 | 0.14 KM |
| 1b Ashfield | £ 17,800 | 0.14 KM |