Benjamins says ..

Property Oracle says ..

This listing is for a residential development site in Keyworth, Nottinghamshire, situated on the corner of Ashley Road and Church Drive. The land itself is currently overgrown but comes with full planning permission for a new build. Keyworth benefits from good local schools, including two ‘Good’-rated Ofsted schools within close proximity. While the exact plot size is missing from the data, it appears sizable enough for a family home, and the existing planning permission mitigates many of the risks associated with development projects. Nearby properties on Ashley Road command significantly higher prices, suggesting a potential for strong capital growth upon completion of the new build, but it is important to note that building costs and other associated expenses must be considered when assessing the overall value proposition. The current lack of infrastructure such as bathrooms and bedrooms, and the overall state of the land, needs to be taken into consideration when assessing the current value of the property. The listed price reflects the land’s potential more than its current state. Prospective buyers should factor in building costs and timescales when evaluating this property.

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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