Auction House Beds & Bucks says ..

Property Oracle says ..

This property is a plot of residential land located on Marlborough Road in Stevenage, Hertfordshire. The listing states that it’s being sold at auction with a guide price of £250,000. The key feature is that it has already obtained outline planning permission for residential development. This significantly increases its potential value compared to undeveloped land. The plot is approximately 0.25 acres. Photos show the location to be a residential area with green spaces, a relatively quiet street, and some trees. Nearby properties suggest that developed homes in the area are selling for a considerably higher prices, potentially indicating that with development this plot will significantly increase in value. The absence of a structure means there is no assessment to be made on the condition of a property. There are a number of nearby schools and transportation links. Overall, a potential buyer should conduct thorough due diligence, including a full site survey and detailed cost analysis of the development, before committing to purchasing at auction. The nearby listings of larger houses, while not comparable, indicate the market value of the land after development, making the price at this stage potentially good value, however, risk and associated costs must be evaluated carefully.

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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