Fisher German says ..

Property Oracle says ..

This listing presents a building plot in Middleton Cheney, a village near Banbury, Oxfordshire. The key feature is that planning permission has already been granted (June 2024) for a two-bedroom bungalow. This significantly reduces the risk and time investment typically associated with obtaining planning permissions, making the plot more attractive to potential buyers.

The plot itself is of moderate size, as evidenced by the aerial photos. There’s a small existing garden area with a shed. The location within Middleton Cheney is favorable; it’s a family-friendly village with access to good schools, including the well-rated Middleton Cheney Primary Academy and Chenderit School. The proximity to Banbury provides easy access to a wider range of amenities and transport links.

The lack of specific plot size measurements in square feet makes a definitive judgment on price per square foot difficult. However, comparing the listed price to other properties in the area suggests that the £175,000 asking price is within a reasonable range, especially considering the existing planning permission. While the nearby housing prices might seem higher, it’s crucial to remember that those properties are built and habitable, while this is purely a plot of land. Therefore, potential buyers should carefully consider their self-build costs in addition to the land purchase price before making a decision. The absence of a house makes the property challenging to evaluate alongside traditional homes.

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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