Symonds & Sampson says ..

Property Oracle says ..

This property is a development plot in Compton Dundon, Somerset, listed for £650,000. Planning permission has already been granted for the construction of nine dwellings with parking. The location offers proximity to both Street and Somerton, providing access to various amenities and services. Good schools are also within reach, making it an attractive option for families. The plot is significant in size, encompassing a substantial area suitable for the planned development. Given the potential for constructing multiple residential units, the price might be considered reasonable. However, a detailed financial analysis comparing construction costs and potential sale prices of the individual units would be necessary to determine true value and profitability. The lack of information regarding square footage both for the plot itself and for the planned dwellings limits a precise evaluation. Potential buyers should conduct thorough due diligence, including verifying planning permissions, assessing build costs, and reviewing market conditions before committing to the purchase.

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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