The Mushroom Farm, Mansfield Road, Papplewick
FH

The Mushroom Farm, Mansfield Road, Papplewick

By FHP Living

£ 695,000

Reviews

3 out of 5 stars

FHP Living says ..

A Fantastic Development Opportunity! The Mushroom Farm, Papplewick, is currently operating as a commercial storage facility, generating a modest income, with potential for further significant improvement in its commercial advantages and possible expansion, subject to planning permission. The site...

Property Oracle says ..

This property at The Mushroom Farm, Mansfield Road, Papplewick, is presented as a development opportunity. The existing structures, currently used as commercial storage, appear functional but are likely destined for demolition and redevelopment. The property offers a substantial plot of land, indicated in the provided site plans. The proposed development plans show layouts for multiple properties, suggesting a potential for substantial returns if planning permission is granted and the project is successfully completed. However, the lack of crucial information such as precise plot size, final proposed build square footage, and the specifics around obtaining planning permission make a comprehensive valuation challenging. Nearby property prices show a range from under £200,000 to over £1.5 million, reflecting the variety of types of property and plot sizes in the area. The £695,000 asking price suggests a balance between land value and development risk. Buyers should proceed with due diligence and conduct their own thorough investigations, obtaining professional advice on planning permission and realistic build costs to assess the true financial potential and risk profile of this property. The successful development of this site would contribute to the local housing market and could provide much needed properties in the local area.

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
4
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
470,714.00 £
Increased by 13.53 %
from 414,608.00 £
Average area rental value
1,033.00 £/mo
Decreased by 14.56 %
from 1,209.00 £/mo
Est rental Yield
2.63 %
Decreased by 24.86 %
from 3.50 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • FHP Living created the listing.

Nearby Schools

NameTypeOfstedDistance
Burntstump Seely Cofe Primary AcademyAcademy ConverterGood2.47 KM
Abbey Gates Primary SchoolCommunity SchoolOutstanding2.74 KM
Ravenshead Cofe Primary SchoolVoluntary Controlled SchoolGood3.16 KM
Beardall Fields Primary And Nursery SchoolCommunity SchoolGood4.79 KM
Linby-Cum-Papplewick Cofe (Va) Primary SchoolVoluntary Aided SchoolRequires improvement5.19 KM

Images

PLOT 3 AND 4 PLOT 2 AND 5 PLOT 1

Nearby Transport

NameNLCTLCDistance
Hucknall1862HKN5.35 KM
Newstead1863NSD7.57 KM
Bulwell1865BLW8.39 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Mushroom Farm, Mansfield Road, Papplewick £ 695,000BUY6 / 100.00 KM
Mansfield Road, Papplewick, Nottinghamshire, NG15 8FL £ 750,000BUY6 / 100.08 KM
Mansfield Road, Papplewick, Nottinghamshire £ 329,950BUYUnknown0.15 KM
Mansfield Road, Papplewick, Nottingham £ 475,000BUY7 / 100.39 KM
Mansfield Road, Nottingham £ 625,000BUY7 / 100.55 KM

Nearby Properties

AddressPriceDistance
187 Mansfield Road £ 188,0000.02 KM
149 Mansfield Road £ 640,0000.02 KM
177 Mansfield Road £ 362,5000.02 KM
143 Mansfield Road £ 255,0000.02 KM
191 Mansfield Road £ 290,0000.04 KM