Richard Watkinson & Partners says ..

Property Oracle says ..

This listing is for a plot of land located on Bishop’s Drive in Southwell, Nottinghamshire. The land itself is relatively large (28,875 sqft) and appears to be undeveloped, consisting of grassland. The location is generally positive, with the benefit of being in a sought-after market town. Southwell offers amenities including schools (such as The Minster School and Lowe’s Wong schools, which are relatively nearby) and the convenience of a historic town centre. Transport links are available, though it involves a short drive to nearby train stations. However, the absence of a property or structure on the land significantly impacts its overall appeal. The asking price of £100,000 is reasonable for the size of the plot, given its location in Southwell, but its lack of immediate development potential is a key consideration for potential buyers. The lack of comparable recent sales of similar undeveloped land within Southwell makes it difficult to definitively assess whether this represents exceptional value or simply a fair market price. Buyers interested in this plot should consider all the costs of development, from planning permissions to construction and all associated costs. Further investigation into potential planning permissions and the cost of bringing utilities to the site is essential before committing to a purchase.

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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