Fry & Kent says ..
We have pleasure in marketing for sale this rare opportunity to purchase a single building plot situated within a modern residential cul-de-sac close to local schooling and motorway links. With Grant of Planning Permission, this excellent self-build or development investment opportunity enables t...
Property Oracle says ..
This property in Osprey Close, Farlington, Portsmouth, presents a unique opportunity for a self-build or development project. The listing showcases a plot of land with planning permission already granted for a new two-story house. The existing structure on the plot appears to be in fair condition; however, the surrounding area and land, as seen in the photos, requires significant landscaping and clean-up. The proposed plans show a modern two-bedroom home, with a floorplan designed to maximize space and functionality.
The location is advantageous due to its proximity to schools such as Solent Infant and Junior School and reasonable transport links. However, it’s not near to the city center, so potential buyers should factor in longer travel times.
The plot’s size is a key selling point, giving considerable scope for development. The current price of £90,000 seems reasonable, considering the lack of comparable data for land sales in the area and the existing structure on the plot. However, the cost of demolition, construction, and land preparation must be considered. Potential buyers should carefully evaluate their budget and the potential return on investment.
In summary, this is a development opportunity with positive and negative aspects that needs careful evaluation. The low price is attractive, but the additional development costs and time investment must be accounted for in a thorough cost-benefit analysis.
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
- 7
- Condition
- 4
- Location
- 7
- Land
- 6
- Bedrooms
- 0
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 470,769.00 £Increased by 5.17 %
- Average area rental value
- 1,124.00 £/moDecreased by 15.81 %
- Est rental Yield
- 2.87 %Decreased by 19.83 %
- Crime Rate
- 14.00 %Unchanged by 0.00 %
Agent Activity
Fry & Kent created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Solent Infant School | Academy Converter | Good | 1.27 KM |
| Solent Junior School | Academy Converter | Good | 1.50 KM |
| Morelands Primary School | Community School | Requires improvement | 1.60 KM |
| Crookhorn Lane Children'S Centre | Children's Centre Linked Site | 1.63 KM | |
| Havant And South Downs College | Further Education | Good | 2.09 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| St Thomas Grove | £ 0 | 0 | 0.00 KM |
| Seal Close | £ 0 | 0 | 0.00 KM |
| Brent Lane | £ 495,000 | 0 | 0.00 KM |
| A27 | £ 399,043 | 0 | 0.00 KM |
| Blake Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Bedhampton | 5538 | BDH | 3.72 KM |
| Hilsea | 5539 | HLS | 3.84 KM |
| Cosham | 5896 | CSA | 4.36 KM |
| Havant | 5532 | HAV | 5.25 KM |
| Warblington | 5264 | WBL | 6.80 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Osprey Close, Farlington | £ 90,000 | BUY | 6 / 10 | 0.00 KM |
| Farlington, Hampshire | £ 399,000 | BUY | Unknown | 0.03 KM |
| Kestrel Place, Portsmouth | £ 335,000 | BUY | 6 / 10 | 0.08 KM |
| Old Farm Way, Farlington, Portsmouth, PO6 | £ 465,000 | BUY | 8 / 10 | 0.10 KM |
| Old Farm Way, Farlington | £ 330,000 | BUY | 7 / 10 | 0.11 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 7 Osprey Close | £ 235,000 | 0.01 KM |
| 11 Osprey Close | £ 215,000 | 0.01 KM |
| 10 Osprey Close | £ 241,000 | 0.01 KM |
| 3 Osprey Close | £ 290,000 | 0.01 KM |
| 64 Old Farm Way | £ 295,000 | 0.05 KM |