Phillips, Smith & Dunn says ..

Property Oracle says ..

This listing presents a plot of land situated on Yelland Road, Fremington, Barnstaple, EX31 3DX. The property’s key features are a lack of buildings, a relatively small plot size (0.06 acres), and a list price of £10,000. The land is currently undeveloped and appears to be agricultural in nature. The photos show a flat, plowed field with views over the Taw Estuary.

The surrounding area encompasses residential properties, some of which command significant prices (over £700,000). The presence of schools within reasonable proximity may appeal to families. However, the immediate vicinity of the listed plot seems rural and undeveloped. A buyer must assess the possibility of planning permission for development. The £10,000 price might be reasonable for this type of land, but the suitability and future profitability of the plot strongly depend on its potential for building. The price appears low compared to other nearby properties but this could be explained by the fact that this is just land and not a building. More information is needed on potential use and planning permissions to determine its value and the reasonableness of the list price. Transportation links are available through the relatively close proximity to Barnstaple, which is served by the Great Western Railway.

This property could be attractive to investors or developers who are willing to undertake necessary steps to explore development options and secure the necessary permissions, but the risk profile is higher than a ready-built house purchase. This undeveloped land presents opportunities and challenges depending on planning permissions.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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