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
![](/osm/tile/18/129242/87459.png)
![](/osm/tile/18/129242/87458.png)
![](/osm/tile/18/129241/87459.png)
![](/osm/tile/18/129243/87459.png)
![](/osm/tile/18/129242/87460.png)
![](/osm/tile/18/129241/87458.png)
![](/osm/tile/18/129243/87458.png)
![](/osm/tile/18/129241/87460.png)
![](/osm/tile/18/129243/87460.png)
![](/static/leaflet/images/marker-shadow.png)
![](/static/leaflet/images/marker-shadow.png)
![](/static/leaflet/images/marker-shadow.png)
![](/static/leaflet/images/marker-shadow.png)
![](/static/leaflet/images/marker-shadow.png)
![](/static/leaflet/images/marker-shadow.png)
![Marker](/static/leaflet/images/marker-icon-2x-red.png)
![Marker](/static/leaflet/images/marker-icon-2x-blue.png)
![Marker](/static/leaflet/images/marker-icon-2x-blue.png)
![Marker](/static/leaflet/images/marker-icon-2x-blue.png)
![Marker](/static/leaflet/images/marker-icon-2x-blue.png)
![Marker](/static/leaflet/images/marker-icon-2x-blue.png)
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 %
- Average area rental value
- 1,700.00 £/moIncreased by 16.92 %
- Est rental Yield
- 4.19 %Increased by 39.20 %
- Crime Rate
- 126.00 %Unchanged by 0.00 %
Agent Activity
Killens created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
St Vigor & St John Church School | Academy Converter | 1.14 KM | |
Chilcompton Building | Children's Centre Linked Site | 1.27 KM | |
Downside School | Other Independent School | 1.95 KM | |
Norton Hill Primary School | Free Schools | 3.44 KM | |
Longvernal Primary School | Academy Converter | Good | 3.47 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Highfield Crescent | £ 299,950 | 0 | 0.00 KM |
Raglan Close | £ 325,000 | 0 | 0.00 KM |
Lewis Close | £ 259,950 | 0 | 0.00 KM |
Broadway | £ 620,619 | 0 | 0.00 KM |
Parsonage Lane | £ 1,200,000 | 0 | 0.00 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
Broadway, Chilcompton | £ 1,000,000 | BUY | 4 / 10 | 0.00 KM |
Brimscombe Meadow, Chilcompton | £ 500,000 | BUY | Unknown | 0.16 KM |
Naishs Cross, Chilcompton, Radstock, Somerset, BA3 | £ 500,000 | BUY | 7 / 10 | 0.23 KM |
Bakers Lane, Chilcompton, Radstock, BA3 | £ 620,000 | BUY | Unknown | 0.35 KM |
Highfield Crescent, Chilcompton, Radstock | £ 325,000 | BUY | 6 / 10 | 0.36 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
Wilcot | £ 575,000 | 0.12 KM |
Charmbury | £ 535,000 | 0.12 KM |
8 Brimscombe Meadow | £ 405,000 | 0.13 KM |
17 Brimscombe Meadow | £ 286,000 | 0.13 KM |
24 Brimscombe Meadow | £ 390,000 | 0.13 KM |