WJ Meade says ..

Property Oracle says ..

This listing is for a sizeable plot of land adjacent to Crescent Road, Coppetts, Barnet (N11 3LA). The land itself is substantial at 37,436.88 sqft, offering a significant development opportunity, subject to obtaining the necessary planning permissions. The current state of the land is overgrown, with existing sheds appearing aged and in need of repair or replacement. The photos show a relatively unkempt area requiring considerable tidying and landscaping. However, the proximity to well-regarded schools (St John’s and Friern Barnet schools are nearby) and New Southgate train station (providing good transport links) are definite positives. The asking price of £125,000 may be perceived as advantageous, especially when considering the substantial plot size, yet potential buyers must factor in the cost of site clearance and potential development costs alongside securing planning permission. In essence, this represents a high-risk, high-reward investment opportunity. The lack of readily available comparable sales data (as the sqft for listed properties is 0) makes an exact valuation challenging, further highlighting the uncertainties inherent in the land investment. Due diligence and professional advice on planning permission are strongly advised for anyone interested in purchasing this property.

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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