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
- 71,897Increased by 12%
- Rental Yield Growth
- 24.57%Decreased by 4.05%
Agent Activity
FHP Living created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
Burntstump Seely Cofe Primary Academy | Academy Converter | Good | 2.47 KM |
Abbey Gates Primary School | Community School | Outstanding | 2.74 KM |
Ravenshead Cofe Primary School | Voluntary Controlled School | Good | 3.16 KM |
Beardall Fields Primary And Nursery School | Community School | Good | 4.79 KM |
Linby-Cum-Papplewick Cofe (Va) Primary School | Voluntary Aided School | Requires improvement | 5.19 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Lea Road | £ 375,000 | 0 | 0.00 KM |
Barnsley Close | £ 155,000 | 0 | 0.00 KM |
Knightwood Drive | £ 136,250 | 0 | 0.00 KM |
Grange Gardens | £ 725,000 | 0 | 0.00 KM |
Chadburn Road | £ 347,500 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Hucknall | 1862 | HKN | 5.35 KM |
Newstead | 1863 | NSD | 7.57 KM |
Bulwell | 1865 | BLW | 8.39 KM |
Nearby Listings
Address | Price | Score | Distance |
---|---|---|---|
The Mushroom Farm, Mansfield Road, Papplewick | £ 695,000 | 6 / 10 | 0.00 KM |
Mansfield Road, Papplewick, Nottingham | £ 625,000 | Unknown | 0.39 KM |
Mansfield Road, Nottingham | £ 275,000 | Unknown | 0.54 KM |
Mansfield Road, Papplewick, NG15 | £ 1,500,000 | Unknown | 1.39 KM |
Kighill Lane, Ravenshead, Nottingham | £ 975,000 | 7 / 10 | 1.51 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
149 Mansfield Road | £ 640,000 | 0.02 KM |
143 Mansfield Road | £ 255,000 | 0.02 KM |
177 Mansfield Road | £ 362,500 | 0.02 KM |
187 Mansfield Road | £ 188,000 | 0.02 KM |
169 Mansfield Road | £ 250,000 | 0.04 KM |