Hamilton Smith says ..

Property Oracle says ..

This listing presents an opportunity to acquire approximately one acre of land with outline planning permission for three new dwellings in the desirable Suffolk town of Needham Market. The property is situated on Hill House Lane, offering a degree of seclusion yet convenient proximity to the High Street and its amenities. Needham Market benefits from a train station, providing links to Ipswich and beyond, and nearby schools cater to various age groups. The current structures on site appear dilapidated and would require significant refurbishment or demolition to facilitate the approved plans. This factor impacts the overall value and requires significant consideration for potential buyers. The price reflects the value of the land and the potential for future development, but the cost of the demolition and construction should be a key factor in any buyer’s assessment of overall cost. The lack of detailed information regarding square footage of the existing structures and the new builds, and absence of bathroom/bedroom specifics in the listing limits precise assessment. Further investigation into potential construction costs and sales comparison data for similar developments in the area would be beneficial for a comprehensive financial appraisal.

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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