Auction House London says ..

Property Oracle says ..

This listing is for a plot of land located at 138 Bedminster Down Road, Bristol, BS13 7AF. The land is being sold via public auction and measures approximately 2,605 sq ft. A planning application has already been submitted, which is a positive point for potential buyers. The area has relatively good transportation links, with Parson Street train station within walking distance and other stations easily accessible by car or bus. There are several primary schools within a kilometre radius, though Ofsted reports are limited. The provided artist’s impressions show a potential development of terraced houses, suggesting a potential for building several properties on this plot. Nearby property prices range significantly, with some houses exceeding £200,000. The £50,000 list price for the land might seem low, especially if planning permission is already granted. However, it’s crucial to understand the entire scope of development costs (planning permission fees, construction, etc.) before concluding on the value. The absence of crucial details, such as planning permission approval and specifics on the construction costs needed to build on the site, makes a definitive statement on the value difficult to make. A thorough investigation into the planning application status and development potential is highly recommended before bidding.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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