Lambert & Foster Ltd says ..

Property Oracle says ..

This listing presents an opportunity to acquire a sizable 11.31-acre plot of land in Riverhill, Sevenoaks. The land’s strategic location adjacent to the A21 motorway offers excellent accessibility. The area is known for its affluent character, desirable lifestyle, and good schooling, making this an attractive proposition for developers. However, it’s crucial to note that the land does not currently have planning permission. This means potential buyers must undertake thorough due diligence, including investigating the feasibility of obtaining planning permission for their intended development. This process can be lengthy, complex, and expensive, and there’s no guarantee of success. The absence of planning permission makes the land a high-risk investment. Further investigation into the soil quality, potential environmental concerns, and any existing infrastructure constraints is also advised before purchase. The price, while seemingly fair in relation to the land size and location, is contingent on securing planning permission. The lack of immediate potential for construction renders the property as land only. The high land value stems directly from the potential for future development, which is entirely dependent on planning approvals and market factors at the time of application.

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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