Webbers Property Services says ..

Property Oracle says ..

This listing presents an opportunity to purchase a large building plot on the outskirts of Ilfracombe, Devon. The plot spans approximately 0.57 acres and has planning permission for three detached houses, each approximately 2,000 square feet. The location offers a degree of seclusion whilst still being relatively close to the town. Nearby schools, although not immediately adjacent, are within a reasonable distance, making the property potentially attractive to families. The absence of existing structures means there’s no existing property to assess. The listed price, while seemingly affordable for a plot of this size, needs further scrutiny to determine its competitiveness against the anticipated construction and eventual sale values of the future houses. This would allow for a more precise evaluation of its financial viability. While the plot’s size and location are promising, the absence of a built structure and its potential profitability requires detailed financial planning and projections to fully assess its value and determine its suitability for investors. Further investigation into building costs and potential market prices for the completed houses is essential before forming a definitive opinion on the overall value proposition.

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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