Thomas & Partners says ..

Property Oracle says ..

This listing from Thomas & Partners presents a development opportunity in Dover, Kent. The property is a building plot on MacDonald Road, St Radigunds, with approved plans for the construction of two 2-bedroom semi-detached houses. This plot is a good option for investors or developers looking to capitalise on the opportunity to create a new build development. The location in St Radigunds provides proximity to Dover town centre and Dover Priory train station, offering easy access to amenities and transport links. Several schools are within a reasonable distance, indicating a family-friendly area. However, there is limited information regarding the exact size of the plot and the precise cost per square foot for similar recent completed developments. Consequently, a complete assessment of the listed price can only be approximated and needs more detailed analysis. The nearby properties show varying prices, indicating some price variance within the area. The nearby streets data only provides a limited number of comparative values but lacks sufficient comparative recent property transactions that are exact enough to make the precise determination of the listed price. More details on building costs, potential rental income, and sale prices of similar properties following completion are needed for a more thorough assessment of the property’s value. Overall, this is a potential investment, but a detailed financial assessment is required before a definitive decision can be made. The value of the development is heavily dependent upon the construction costs and resulting sale price of the new homes. A thorough market research study and review of current construction costs will be essential for a more definitive assessment of the viability and true value of this property

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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