We've found a site, and it could fit 2 x detached houses. We now need to check the local market.
We've found a site, and it could fit 2 x detached houses.
We now need to check the local market.
What has sold recently?
We can now use our comparable tool to understand what has sold in the local area in the last 12-24 months. Our report will break down address, price, date sold and size of the property.
Each house sale within the previous 12 months will be shown on the map and a link to the property details on the right hand side.
With many areas prices will vary so this tool can pinpoint prices in a more accurate way.
Here is a summary of the sold prices report, which provides detailed information to help you assess the overall Gross Development Value (GDV) of the plot.
It is important to take into account both the square footage of the properties and the price per square foot. Accurately evaluating these factors can significantly enhance the profitability of your project.
Another check is to see what is on the market right now?
Why? - Markets can change quickly, this allows you to see real time prices.
Have they sold?
How long have they been on the market for?
How have they been advertised?
We can use the availability tool in Location Analysis. This plots each property that is for sale (& to let!).
Click on each dot and this will provide a link to the portal.
