Broadway, Chilcompton
KI

Broadway, Chilcompton

By Killens

£ 1,000,000

Reviews

2 out of 5 stars

Killens says ..

Development land extending to 1.16 acres with permission for the erection of 12 dwellings close to the centre of the village.

Property Oracle says ..

This listing is for a plot of land in Chilcompton, Somerset, currently priced at £1,000,000. The land, which measures 187.90 square feet, requires significant preparation as it appears overgrown and contains a shipping container. Importantly, it already has planning permission for the erection of 12 dwellings, representing substantial development potential.

The location is a positive factor, as Chilcompton is a desirable village in Somerset, offering a blend of rural tranquility and proximity to amenities and transport links to larger towns. The presence of several schools within a reasonable distance further enhances its family-friendly appeal, although public transport options appear to be limited based on the information provided.

The price of the property, however, is the main point of consideration. While the planning permission for 12 dwellings is a major asset, the current state of the land and the overall costs associated with developing it need careful evaluation. A detailed financial projection considering land preparation, construction, and other development expenses is essential to determine the true value and potential return on investment. The listing price of £1,000,000 should be seen in the context of the potential profits from the 12 dwellings once complete; an in-depth financial analysis would provide more clarity. A comparison with prices of similar development land plots in the surrounding area with planning permissions would also provide additional insight. Further investigation into local market trends, construction costs and the potential rental or selling prices of the future dwellings would inform a comprehensive assessment of the property’s market value. Currently, without additional market data, the property’s price is hard to assess in relation to its value.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
4
Condition
1
Location
7
Land
6
Bedrooms
0
Bathrooms
0
Lot (est)
187.90
MarkerMarkerMarkerMarkerMarkerMarker
Leaflet © OpenStreetMap contributors

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
487,050.00 £
Decreased by 15.96 %
from 579,522.00 £
Average area rental value
1,700.00 £/mo
Increased by 16.92 %
from 1,454.00 £/mo
Est rental Yield
4.19 %
Increased by 39.20 %
from 3.01 %
Crime Rate
126.00 %
Unchanged by 0.00 %
from 126.00 %

Agent Activity

  • Killens created the listing.

Nearby Schools

NameTypeOfstedDistance
St Vigor & St John Church SchoolAcademy Converter1.14 KM
Chilcompton BuildingChildren's Centre Linked Site1.27 KM
Downside SchoolOther Independent School1.95 KM
Norton Hill Primary SchoolFree Schools3.44 KM
Longvernal Primary SchoolAcademy ConverterGood3.47 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Highfield Crescent £ 299,95000.00 KM
Raglan Close £ 325,00000.00 KM
Lewis Close £ 259,95000.00 KM
Broadway £ 620,61900.00 KM
Parsonage Lane £ 1,200,00000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Broadway, Chilcompton £ 1,000,000BUY4 / 100.00 KM
Brimscombe Meadow, Chilcompton £ 500,000BUYUnknown0.16 KM
Naishs Cross, Chilcompton, Radstock, Somerset, BA3 £ 500,000BUY7 / 100.23 KM
Bakers Lane, Chilcompton, Radstock, BA3 £ 620,000BUYUnknown0.35 KM
Highfield Crescent, Chilcompton, Radstock £ 325,000BUY6 / 100.36 KM

Nearby Properties

AddressPriceDistance
Wilcot £ 575,0000.12 KM
Charmbury £ 535,0000.12 KM
8 Brimscombe Meadow £ 405,0000.13 KM
17 Brimscombe Meadow £ 286,0000.13 KM
24 Brimscombe Meadow £ 390,0000.13 KM