Hollis Morgan Auctions says ..

Property Oracle says ..

This property is a development site located in Hillfields, Bristol, listed at £145,000. The site includes a sizeable plot of land, though currently overgrown and littered with debris. Aerial and ground-level photos show the site contains derelict structures that require demolition. Planning permission is in place to construct a block of six flats. The location is convenient, being within reasonable distance of several well-regarded primary schools and multiple train stations. However, the overall condition of the site is poor. The property requires significant investment in demolition, site clearance and preparation before any construction can begin. The list price seems reasonable compared to other similar plots sold with planning permission in the area, taking into consideration the site’s condition and required work. Buyers should be prepared for substantial costs associated with site preparation and development. Given its condition and the scale of work required, this is a development opportunity most suitable for experienced property developers or investors with a good understanding of Bristol’s property market and associated costs. Potential buyers will need to thoroughly assess all associated legal documents, planning permissions, and potential costs before bidding. This property is suitable for developers or experienced investors who are seeking a potential renovation and development project but are aware of the risks and associated costs. Due diligence is crucial for this type of investment.

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

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