Cruso & Wilkin says ..

Property Oracle says ..

This property is a plot of land with derelict farm buildings located in Upwell & Delph, near King’s Lynn in Norfolk. The listing highlights the presence of redundant farm structures requiring significant work. The site benefits from planning permission, making it suitable for a development project. The photographs show very poor state of repair for the existing buildings, which will undoubtedly incur substantial costs for renovation or demolition. The property is relatively remote, with the nearest town requiring an 8km journey. While the site offers a relatively large plot of land, potential buyers should carefully consider the expenses associated with both the redevelopment of the site and the rural location. This includes transport costs and the lack of immediate access to key services and amenities. The lack of nearby comparable properties in terms of condition and type makes price comparison difficult; however, other developments of comparable land size suggest that the current asking price may not represent optimal value. Prospective purchasers should engage in thorough due diligence, including detailed structural surveys and cost assessments of the necessary redevelopment and work before committing to a purchase.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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