John Goodwin FRICS says ..

Property Oracle says ..

This listing offers a building plot in Welland, Malvern, with full planning permission for a three-bedroom detached bungalow. The location in Welland is desirable, with nearby primary schools, and relatively close proximity to train stations in Malvern. The images indicate a reasonably sized garden/plot, though it appears undeveloped and requires work before building. The list price is £225,000, which is seemingly reasonable given the local market, but without specific details regarding plot size and building costs, a definitive assessment of its value is difficult. The absence of square footage for both the plot and planned dwelling is a significant limitation in offering a more precise assessment. This information is critical for property valuation. The inclusion of planning permission however, significantly reduces the risks for a potential buyer. Comparable properties in the area, however, offer a helpful insight into the prevailing market rates. Further research into building costs would provide a clearer indication of the overall return on investment. Buyers should independently verify all planning permissions and building regulations before making a purchase decision.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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