KLP says ..

Property Oracle says ..

This listing by KLP presents a significant development opportunity: a 35.08-acre (c.14.2ha) greenfield site on the northern edge of Dawlish, near Secmaton Lane, with conditional planning permission for 201 dwellings, including 29 affordable homes. The site’s proximity to Dawlish offers potential buyers access to various amenities and services, as well as transport links via Dawlish railway station, less than two kilometres away. The land is largely undeveloped. The lack of existing structures does not automatically denote a poor state, though development will require investment. The £12,000,000 asking price reflects the scale of the project and development potential. However, comparison with nearby property prices shows this is a premium value; further analysis of similar development land sales in the region would help determine the extent to which the price is justified. Nearby schools and transportation options may be a selling point for prospective housing residents. Considering the planning permission in place, the investment could prove profitable for developers, though market forces and construction costs will play a significant role in the feasibility and ultimate profitability of the project. Potential risks include challenges associated with large-scale developments, obtaining necessary construction permits, and fluctuating market conditions.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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