Southwells says ..

Property Oracle says ..

This listing is for a plot of land located on Market Street in Rugeley, Staffordshire. The property is advertised as land for sale with planning permission already granted for a two-bedroom detached house. This offers potential for development, allowing a buyer to construct a new property. The listing does not provide details on the plot size, however, images reveal an overgrown and neglected plot. There is an existing garage on site, but its condition appears to be poor. The land’s current state requires significant work such as clearance, landscaping and possible structural repairs. The location in Rugeley Town centre is advantageous, being close to transport links and amenities such as schools. However, the lack of specifics regarding the plot size and complete absence of information regarding the internal space and square footage makes a full valuation challenging. Nearby property prices vary significantly, ranging from £109,000 to over £400,000, highlighting the significant impact of property type and condition. The absence of a house and the need for considerable redevelopment should be factored into any purchase decision. A potential buyer should undertake thorough due diligence before purchasing this property to ensure the planning permission is valid and to assess the costs of bringing the land to a usable state. Overall, this represents an investment opportunity but one that requires a considerable outlay of time and resources to realise its full value.

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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