Richard Watkinson & Partners says ..

Property Oracle says ..

This listing is for a building plot in Farndon, Nottinghamshire, with full planning permission for a four-bedroom bungalow. The plot itself is approximately 2,300 sqft and located on Fosse Road. The land is currently undeveloped and contains debris. The location is convenient with proximity to several primary and secondary schools, some rated ‘good’ by Ofsted, and relatively easy access to Newark and several train stations. However, the precise distance from local amenities is unclear. The list price of £225,000 requires further analysis due to the lack of comparable sold data for similar plots in the area and the absence of information on the actual square footage of the proposed bungalow. Nearby property prices for completed dwellings vary significantly, ranging from £78,000 to £347,500, indicating potential for high-value homes in the area but also significant price variability. The plot presents an opportunity for building a new home in a desirable village setting but buyers need to factor in the cost of site preparation and construction. Further due diligence, including obtaining more precise local comparable sales data and a detailed cost analysis for the build is advised before purchase.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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