Cooksleys says ..

Property Oracle says ..

This listing is for a significant development opportunity in Clyst Honiton, East Devon. The property comprises approximately 5.10 acres of land situated on Station Road, near Cranbrook. The site offers potential for the construction of multiple luxury homes, subject to obtaining the necessary planning permissions. Its location offers proximity to a train station and several schools. Nearby comparable sales data for land plots, especially those with this kind of acreage, is limited, making a definitive price comparison challenging. The asking price of £5,500,000 is substantial, but likely reflective of the large plot size and the potential value that could be realized upon successful development. Prospective buyers will need to undertake due diligence and secure the necessary planning consents prior to purchase. The lack of information about existing buildings on the site limits the analysis; however, the extent of the land itself is a significant asset. The current state of the land is undeveloped, and the potential outcome would depend heavily on planning approvals and the subsequent construction.

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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