Considering the list price of £160,000, the size of the land, and the approved planning permission for 11 houses/flats with a GDV of £2.605m, the price appears reasonable. This is a development opportunity, and the current price is significantly lower than the projected Gross Development Value (GDV). However, the considerable costs associated with demolition, groundworks, and construction need to be factored in. The lower end of the cost would be a risk, so the price reflects this risk but the potential upside is high.

The aerial and ground-level photographs clearly show that the property is in disrepair and requires extensive renovation. Overgrown vegetation and apparent structural issues lower the condition score significantly. This is a development site, so the existing buildings are not necessarily a factor in the ultimate value, but their current state affects the immediate condition.

The property is situated on Station Road in Midsomer Norton North, which benefits from proximity to local amenities such as schools (Welton Primary School, Midsomer Norton Primary School, and Norton Hill Academy are all within a reasonable distance) and potentially shops and transportation. The average house prices in nearby streets such as St Anthony’s Close suggest a higher value area, indicating a potentially desirable location.

The property boasts a sizable plot with significant land area (0.63 acres), offering substantial potential for development. While the current state is overgrown, the sheer size of the land provides ample space for the planned construction projects. The size is a major positive, but the current state of disrepair reduces the rating slightly.