Knight Frank says ..

Property Oracle says ..

This listing is for a 0.59-acre plot of land in a central Sittingbourne location, currently used as a disused car park. The site is situated near the High Street, offering easy access to amenities and the Sittingbourne train station, providing good transport links. Several primary and secondary schools are within walking distance, making it a potentially attractive site for residential development. However, the current condition of the land and existing structures suggests that significant investment would be needed for renovation or redevelopment. The listed price of £1,250,000 reflects the potential value of the land for future development, but it should be noted that this price does not represent the value of a ready-to-occupy property. Buyers should factor in costs for demolition, planning permissions, construction, and associated fees when considering this purchase. The lack of specific details regarding the potential building plans and their viability is crucial to remember when evaluating the overall worth of this investment. The comparative pricing data for nearby properties, although limited, indicates a significant difference, but this reflects the different property types and their current states of repair. Therefore, this development represents a high risk-high reward investment opportunity.

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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