Lextons Auctions says ..

Property Oracle says ..

This listing from Lextons Auctions presents a unique opportunity: the sale of Oakwood Road and its verges in Haywards Heath, West Sussex. The property is not a residential dwelling or building plot but the road itself. The images show a tree-lined residential street with relatively well-maintained landscaping. However, the road surface shows signs of wear and tear, requiring resurfacing. The location is within Haywards Heath, which is generally considered a desirable area with good schools, transport connections via Haywards Heath railway station, and amenities. Being close to the town centre is advantageous. However, the specific positioning of the road within the town might not be the most convenient or desirable section. Nearby property prices in Haywards Heath are significantly higher, reflecting the value of residential properties in the area. Nearby streets such as Beechcroft and Tylers Green exhibit significantly higher average property prices. It is crucial for potential buyers to fully understand that this sale is not for a typical property, but for the freehold ownership of a road. The low price reflects the unusual nature of the asset rather than exceptional value. This is an investment opportunity quite unlike any other, requiring a deep understanding of land ownership and potential long-term return scenarios. Due diligence on potential uses and associated costs is essential. Potential buyers need to investigate any potential future liabilities and expenses associated with maintaining the road infrastructure. This could include resurfacing, repairs, and liability for any accidents or damages. The lack of data regarding the area of the land makes a complete assessment of value extremely challenging. The investment potential will depend entirely on the prospective buyer’s plans and resources. Any potential use needs very careful consideration. This isn’t a typical property, making any traditional market analysis somewhat inaccurate. It is an unconventional acquisition.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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