Norman F. Brown says ..

Property Oracle says ..

This listing is for a building plot on Reeth Road in Richmond, North Yorkshire, offering the opportunity to build a pair of three-bedroom semi-detached houses. The plot itself is relatively small, lacking a substantial garden. The location is in Richmond, a desirable town with historical significance. Several primary and secondary schools are within a reasonable distance (requiring personal transport), offering educational options for families.

However, crucial information is missing. There’s no specific detail on the plot size other than it’s a building plot with no sqft data. Furthermore, the lack of details on nearby transport links makes assessing the accessibility of the location more difficult. The absence of a completed building means no information on the condition is available; the buyer will need to manage the building process entirely. Given the land size, this is likely to involve constructing smaller houses compared to others in the area.

The price of £195,000 reflects the inherent cost of land and development in Richmond, but the final value will greatly depend on the quality of the build and the prevailing market conditions at the time of completion. The lack of comparable properties that are also building plots makes it harder to establish an accurate price per square foot to determine value. Prospective buyers should carefully consider the planning permission process and associated building costs before committing to this purchase. Detailed plans are provided which show the proposed development. However, due to the lack of completed property and its sale as a plot, more comprehensive analysis is difficult and limited.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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