Michaels Property Consultants Ltd says ..

Property Oracle says ..

This listing presents a development opportunity in Needham Market, Suffolk. The property is described as a plot of land located on Mill Lane, with nearby amenities including Needham Market train station and schools, offering potential convenience to those commuting or with families. However, the listing significantly lacks key details, such as the precise size of the plot in square feet or meters, and whether planning permission has already been obtained for any potential development. The aerial view suggests an irregular shape. The surrounding area displays a mix of property types and values. While nearby streets reveal average house prices ranging from £286,250 to £507,500, the lack of comparable plot sales makes assessing the land’s true value challenging. The price of £50,000 might be competitive if it’s a suitably-sized plot in a desirable area, but more information is critical before forming a comprehensive opinion. The absence of bathrooms, bedrooms, and total square footage further highlights the need for detailed specification to make a thorough assessment of this property’s value. Potential buyers should conduct thorough due diligence to check planning regulations and ascertain the suitability of the plot for their envisioned project before proceeding.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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