Lester & Bingley says ..

Property Oracle says ..

This listing from Lester & Bingley is for a 1.719-acre (0.695-hectare) plot of land located on Main Road, West Winch Village, King’s Lynn, Norfolk. The land is described as having significant development potential, subject to planning permission. The location is advantageous as it’s situated near West Winch Primary School, which is rated ‘Good’ by Ofsted. Kings Lynn and its train station are also within a reasonable distance. The surrounding area displays a mix of property types, with nearby houses ranging significantly in price. While the plot size is a considerable asset, prospective buyers should carefully factor in potential development costs, including planning applications, construction, and potential risks associated with obtaining planning permission and securing buyers for the finished properties. The provided planning application suggests that the land could accommodate up to 29 residential units of varied sizes. The final selling price of the completed development will likely significantly exceed the current listing price of the raw land, but the financial undertaking and associated risks would need to be thoroughly considered prior to any purchase and development. The lack of a building means there is no existing property to assess in terms of condition, but the large size of the land plot makes it ideal for substantial new building projects. Access to transportation and local amenities is considered favorable, although the property is somewhat remote from a wider transportation network, potentially requiring car travel for many activities. The potential profitability of the development is likely the primary factor in determining the overall value and investment appeal of this property.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images