The Mushroom Farm, Mansfield Road, Papplewick
FH

The Mushroom Farm, Mansfield Road, Papplewick

By FHP Living

£ 695,000

Reviews

3 out of 5 stars

FHP Living says ..

A Fantastic Development Opportunity! The Mushroom Farm, Papplewick, is currently operating as a commercial storage facility, generating a modest income, with potential for further significant improvement in its commercial advantages and possible expansion, subject to planning permission. The site...

Property Oracle says ..

This property at The Mushroom Farm, Mansfield Road, Papplewick, is presented as a development opportunity. The existing structures, currently used as commercial storage, appear functional but are likely destined for demolition and redevelopment. The property offers a substantial plot of land, indicated in the provided site plans. The proposed development plans show layouts for multiple properties, suggesting a potential for substantial returns if planning permission is granted and the project is successfully completed. However, the lack of crucial information such as precise plot size, final proposed build square footage, and the specifics around obtaining planning permission make a comprehensive valuation challenging. Nearby property prices show a range from under £200,000 to over £1.5 million, reflecting the variety of types of property and plot sizes in the area. The £695,000 asking price suggests a balance between land value and development risk. Buyers should proceed with due diligence and conduct their own thorough investigations, obtaining professional advice on planning permission and realistic build costs to assess the true financial potential and risk profile of this property. The successful development of this site would contribute to the local housing market and could provide much needed properties in the local area.

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

Price
6
Condition
4
Location
7
Land
8
Bedrooms
0
Bathrooms
0

Metrics

Area value Growth
71,897
Increased by 12%
from 70,946
Rental Yield Growth
24.57%
Decreased by 4.05%
from 28.62%

Agent Activity

  • FHP Living created the listing.

Nearby Schools

NameTypeOfstedDistance
Burntstump Seely Cofe Primary AcademyAcademy ConverterGood2.47 KM
Abbey Gates Primary SchoolCommunity SchoolOutstanding2.74 KM
Ravenshead Cofe Primary SchoolVoluntary Controlled SchoolGood3.16 KM
Beardall Fields Primary And Nursery SchoolCommunity SchoolGood4.79 KM
Linby-Cum-Papplewick Cofe (Va) Primary SchoolVoluntary Aided SchoolRequires improvement5.19 KM

Images

PLOT 3 AND 4 PLOT 2 AND 5 PLOT 1

Nearby Streets

NameAverage PriceAverage SqftDistance
Lea Road £ 375,00000.00 KM
Barnsley Close £ 155,00000.00 KM
Knightwood Drive £ 136,25000.00 KM
Grange Gardens £ 725,00000.00 KM
Chadburn Road £ 347,50000.00 KM

Nearby Transport

NameNLCTLCDistance
Hucknall1862HKN5.35 KM
Newstead1863NSD7.57 KM
Bulwell1865BLW8.39 KM

Nearby Listings

AddressPriceScoreDistance
The Mushroom Farm, Mansfield Road, Papplewick £ 695,0006 / 100.00 KM
Mansfield Road, Papplewick, Nottingham £ 625,000Unknown0.39 KM
Mansfield Road, Nottingham £ 275,000Unknown0.54 KM
Mansfield Road, Papplewick, NG15 £ 1,500,000Unknown1.39 KM
Kighill Lane, Ravenshead, Nottingham £ 975,0007 / 101.51 KM

Nearby Properties

AddressPriceDistance
149 Mansfield Road £ 640,0000.02 KM
143 Mansfield Road £ 255,0000.02 KM
177 Mansfield Road £ 362,5000.02 KM
187 Mansfield Road £ 188,0000.02 KM
169 Mansfield Road £ 250,0000.04 KM