Sworders says ..

Property Oracle says ..

This listing is for a substantial plot of land in Sheering, Essex, with planning in principal for 7-9 dwellings. The land itself is currently undeveloped arable land, and the photos provided show a large expanse of flat, tilled farmland. The location offers proximity to local primary schools and train stations providing commutes to other parts of Essex and London.

The significant size of the land (approximately 1.037 acres) is a key feature. The potential for building multiple homes could offer a substantial return on investment, provided planning permission is obtained. The absence of existing buildings means there is no existing structure to consider. However, the high asking price reflects this development potential and the inherent risk involved in securing planning permission. It’s critical for potential buyers to factor in the time, effort, and associated costs of navigating the planning process. Local comparable properties do not provide sufficient comparative data due to the unique nature of this land offering. Therefore a thorough investigation of comparable development land plots would be required to fully understand the market value and risk assessment for this property.

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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