Aldreds says ..

Property Oracle says ..

This listing from Aldreds is for a development opportunity on Lichfield Road, Great Yarmouth. The property is described as a large plot with planning permission for five three-story townhouses. The location is described as convenient, near the town centre and local amenities, though the specifics of those amenities are not detailed. The proximity to schools, including Edward Worlledge Ormiston Academy, Southtown Primary School, and Cobholm Primary Academy, should be considered. It is important to note that Edward Worlledge Ormiston Academy has been rated as having ‘Serious Weaknesses’ by Ofsted. The information regarding the property condition is based solely on architectural drawings so the buyer should be wary of potential unforeseen costs. The absence of plot size data raises a significant point - there is no information about the size of garden space or outside area available to potential buyers of this property. The price of £225,000 needs to be carefully considered. Comparing this to other plots and nearby properties with limited data means that this figure should be thoroughly investigated by any potential buyer prior to investing. There are various sources which list the property as a plot, and other properties in the area that are apartments or terraced houses, for sale at comparable prices, therefore making direct comparison more challenging. Potential buyers should undertake thorough due diligence including obtaining professional survey and valuations before committing to a purchase.

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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