Auction Estates Limited says ..

Property Oracle says ..

This property is a 1.25-acre freehold residential development site located in Bircotes, Doncaster, with planning in principle granted for 2-4 dwellings. The land is currently overgrown but offers significant potential for development. The site’s location is reasonably convenient, being within reach of schools and what appears to be a residential area. The access to the site appears to need attention, which should be taken into account during the development plan. The property’s list price of £75,000 is reasonable given its size and the potential return on investment after development; however, purchasers must thoroughly investigate the costs of preparing the site and obtaining all necessary planning permissions and completing construction. The lack of readily available comparable properties and the lack of information regarding the current price per sqft limits the extent of price analysis. Overall, the site requires significant work and expenditure, but the potential rewards are noteworthy for the experienced developer. Investors should proceed with a detailed cost-benefit analysis before committing.

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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