Fenn Wright says ..

Property Oracle says ..

This listing from Fenn Wright presents a development opportunity in Wivenhoe, Colchester. It’s a building plot with detailed planning consent already secured. The plot’s address is on St. Johns Road, a location within a village known for its attractive setting, excellent schools (including the nearby Millfields Primary School which is rated ‘Outstanding’ by Ofsted), and relative proximity to Colchester Town and its amenities. The listed price of £170,000 makes it relatively inexpensive compared to some properties in the area but this is only relevant if it is an accurate price per square foot of the land, and assumes all planning permissions are in place. The lack of information on square footage makes determining value per square foot impossible, which also impacts the final assessment of this plot. The absence of an existing structure means no condition assessment is possible from the provided material; the sale is focused on the development potential of the land. Further investigation into the precise plot size, specifics of the planning consent (e.g., building restrictions, allowable square footage), and soil surveys are advised before committing to a purchase to establish if this is a strong investment and to accurately gauge the real value of the property.

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

Images