Cooksleys says ..

Property Oracle says ..

This property is a development site located in Broadclyst, near Exeter, Devon. The listing highlights the potential for building luxury houses, subject to obtaining the necessary planning permissions. The aerial view shows a plot of approximately 1.6 acres with existing structures that appear to be in poor condition, requiring either extensive renovation or demolition. The land’s potential is high, given its size and location. Proximity to Cranbrook train station and several schools makes the location attractive, however, this is dependent on location within the plot. The absence of key property details such as square footage, number of bedrooms and bathrooms leaves significant gaps in the provided information. The £750,000 list price appears to largely reflect the value of the land and its development potential, although a detailed cost-benefit analysis considering planning permissions and construction costs is required to precisely determine its market value. Buyers should be prepared for significant investment to realise the property’s full potential. Potential buyers should be mindful of the potential costs associated with development including planning applications, surveys, architect fees, construction costs and associated risk factors of such developments.

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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