Winkworth says ..

Property Oracle says ..

This property listing presents a development opportunity in Norcot, Reading. The site currently comprises four houses slated for demolition to make way for a new development of eleven homes. Planning permission is already in place, eliminating a major hurdle in the development process. The location is reasonably convenient; close enough to Reading town centre for access to employment and amenities but situated in a more residential setting. Several nearby primary schools are rated 'Good' by Ofsted, suggesting a family-friendly environment. Transport links to Reading West and Tilehurst train stations are also readily available. The existing properties appear somewhat dated and in need of significant repair and/or refurbishment, suggesting potential costs associated with the demolition and site preparation. The actual plot size isn't disclosed, which makes assessment of price per square foot difficult. In summary, the site shows promise for development given the planning permission, location, and seemingly sufficient land. However, the age and condition of the existing houses, coupled with the lack of detailed specifications for the proposed project, make definitive value determination challenging. Potential buyers should factor in the costs associated with site clearance, demolition, and construction before finalising their valuations. The surrounding area shows mixed property types and values, indicating a varied housing market in the vicinity. Further investigation of the final specifications, cost estimates, and a potential detailed market analysis are advisable for a fully informed investment decision. Therefore, we give this property 6 / 10. *Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.*

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