Gascoines says ..

Property Oracle says ..

This listing presents a unique opportunity for residential development. Located on Ricket Lane in Blidworth, Nottinghamshire, the property encompasses 7.41 acres of land. The current state of the property requires significant investment, possibly involving demolition and new construction. The site’s rural setting near Ravenshead offers a balance between tranquility and convenience, with nearby schools and transportation links. The nearby sales of agricultural land provide a benchmark for the land value, supporting the overall list price despite the need for substantial development work. The absence of property details (square footage, bedrooms, and bathrooms) for both the existing structures and the planned development necessitates a cautious approach to evaluation. Prospective buyers should factor in the costs of demolition, construction, and planning permissions when considering this investment. The large plot size, location, and development potential are key selling points for experienced developers or investors with the resources to tackle a project of this scale. Further investigation into planning permissions and development costs is essential before making a final decision.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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