Austin Gray says ..

Property Oracle says ..

This property is a plot of land situated to the rear of properties on Goring Road in Worthing, West Sussex. The land is currently overgrown and requires significant landscaping. The photographs reveal some litter and uneven ground cover. However, there’s a considerable size to the plot, offering potential for a number of uses, such as a garden or potential development. The location has some advantages, with proximity to local schools like Goring-By-Sea Cofe Primary School and Goring-by-Sea train station. Nearby streets such as Burlington Road display a higher average property price, suggesting the area is relatively desirable. However, the immediate vicinity of the land isn’t exceptionally picturesque. The asking price of £50,000 may be considered reasonable, given the current condition and potential. However, the absence of precise plot measurements and a lack of information on planning permission opportunities limits the ability to establish a definitive value. A buyer would need to factor in costs associated with landscaping, potential planning fees, and other development expenses. This investment opportunity would be most suited to someone with development experience or to an individual looking to invest time and money in developing the land for residential use, or as a significant garden.

The current condition is far from perfect, and prospective buyers should thoroughly assess any planning permissions required. The absence of detailed dimensions for the plot prevents the definitive calculation of value. However, with landscaping and potential development, the property may hold significant value. Given the locality and proximity to local amenities and public transport, it represents a land-based investment with potential for increased worth. Given the state of the land, it may be worth negotiating a lower purchase price, depending on the exact dimensions of the land.

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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