Christopher St James says ..

Property Oracle says ..

This property, listed by Christopher St James, is a development plot located at 119 Old Farleigh Road, Selsdon, South Croydon, CR2 8QD. The listing indicates that planning permission has already been granted for five new houses. The aerial and ground-level photographs reveal a cleared site, requiring further development work. The site is relatively large, offering considerable potential. While the lack of detailed property specifications (such as square footage and number of bedrooms/bathrooms) limits a full assessment, the location in Selsdon, known for its residential appeal and proximity to schools, enhances its appeal. The proximity to train stations, while not immediate, provides reasonable access to transportation links. Nearby property prices, while lacking detailed square footage data for comparison, indicate that the listing price may reflect the market value, particularly given the existing planning permission. Potential buyers should carefully consider the costs associated with completing construction and bringing the property to market. Given the nature of the property as a development site, a thorough due diligence process is highly recommended before committing to a purchase. Buyers should investigate fully the specifics of the planning permission. It is important to understand the potential profitability of the five houses once constructed and brought to market. An understanding of the development time frame is also important.

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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