Hollis Morgan Auctions says ..

Property Oracle says ..

This property is a building plot in Hillfields, Bristol, listed at £90,000. Planning permission has been granted for a three-bedroom house with parking and a garden. The existing structure appears dilapidated and the land requires significant clearing and preparation. The plot’s location offers convenient access to several primary schools with good Ofsted ratings (Minerva Primary Academy, St Joseph’s Catholic Primary School, Briarwood School) within approximately 1km. Public transportation links are also relatively convenient, with several train stations within 5-6km. The site is located in a mixed residential area alongside businesses. Neighboring property prices vary significantly, with some exceeding £400,000. The lack of specific square footage data for nearby properties makes a precise price comparison challenging. The images show a cluttered land area with some existing structures which need demolishing. While the planned development presents a positive outlook, the condition of the existing property and the cost of site preparation and construction must be considered. The property’s final value will significantly depend on the quality of the renovations and the prevailing market conditions at the time of completion. The relatively small size of the plot is also worth considering. Overall, this property presents both opportunity and risk, demanding a detailed assessment of renovation costs and potential resale value before a sound investment decision can be made.

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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