Kevin Ford and Co Ltd says ..
Discover a prime development opportunity with this plot of land in Upper Tean, boasting planning approval granted on July 2nd, 2019, for the construction of five new residential dwellings. Nestled in a sought-after semi-rural location, this development promises a blend of comfort and conveni...
Property Oracle says ..
This property in Draycott Road, Tean, Staffordshire is a development opportunity rather than a ready-to-move-in home. The listing includes planning permission for constructing five residential dwellings, suggesting a substantial plot of land. The site currently comprises undeveloped land with some remnants of old structures, as shown in the aerial photographs. The location is semi-rural, offering a balance of tranquility and access to amenities, educational institutions, and transport links. While there are nearby primary and secondary schools, the convenience of local shops or other daily amenities is not immediately evident. The list price reflects the development potential, but the true value would depend on successful completion of the building project and the prevailing market conditions. Potential buyers should thoroughly investigate construction costs, building regulations, and the potential sales prices of the new homes before committing to this investment. The lack of specific details on the property’s square footage and the absence of bedrooms and bathrooms in the listing are notable limitations for a comprehensive analysis. However, given the planning permissions for multiple units, it represents a potential development opportunity rather than a residential sale. Potential buyers may wish to account for all costs involved when performing a financial valuation of this property.
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
- 3
- 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
- 283,427.00 £Decreased by 8.28 %
- Average area rental value
- 2,500.00 £/moIncreased by 163.16 %
- Est rental Yield
- 10.58 %Increased by 186.72 %
- Crime Rate
- 24.00 %Unchanged by 0.00 %
Agent Activity
Kevin Ford and Co Ltd created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Thomas' Catholic Primary School | Academy Converter | Outstanding | 1.12 KM |
| Great Wood Community Primary School | Academy Converter | 1.66 KM | |
| Painsley Catholic College | Academy Converter | 2.98 KM | |
| The Cheadle Academy | Academy Converter | Good | 2.99 KM |
| Cheadle Primary School | Community School | Requires improvement | 3.32 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Meadow Way | £ 0 | 0 | 0.00 KM |
| Breach Lane | £ 799,950 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Blythe Bridge | 1282 | BYB | 7.92 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Draycott Road, Tean | £ 750,000 | BUY | 6 / 10 | 0.00 KM |
| Draycott Road, Tean | £ 75,000 | BUY | 6 / 10 | 0.12 KM |
| Draycott Road, Tean, Stoke-On-Trent | £ 179,950 | BUY | 6 / 10 | 0.25 KM |
| Oakhill Close, Tean, ST10 | £ 220,000 | BUY | Unknown | 0.30 KM |
| Oakhill Close, Tean, Stoke-On-Trent | £ 225,000 | BUY | 6 / 10 | 0.30 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 17 Oakhill Close | £ 225,000 | 0.19 KM |
| 50 Oakhill Close | £ 143,000 | 0.19 KM |
| 63 Oakhill Close | £ 225,000 | 0.19 KM |
| 10 Oakhill Close | £ 188,000 | 0.19 KM |
| 38 Oakhill Close | £ 125,000 | 0.19 KM |