Barney Estates and Auctioneers says ..

Property Oracle says ..

This property listing presents a significant plot of land in Roundwood Grove, Rotherham, South Yorkshire. The land is situated near railway lines and appears to be bordered by industrial areas. Aerial photographs reveal a large, somewhat overgrown expanse of land. The listing price is £500,000, which is notable for a plot of land without buildings. The nearby area features a mix of residential properties with average prices ranging considerably, from the lower end of the spectrum to properties nearing the list price of this land. However, the lack of comparable recent sales of similar-sized plots in this specific area makes a definitive assessment of the pricing difficult. Schools and some transport links are within reasonable distances from the site, but the immediate surroundings may pose a negative influence on the property’s potential for development. More information on the land’s condition, environmental surveys and potential zoning restrictions or planning permissions would be necessary to assess the true market value and development feasibility. Therefore, further investigation is required before a definitive conclusion on the property’s value can be established. The absence of buildings and the industrial proximity influence negatively the desirability despite the size of the plot.

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

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