Dedman Gray Auction says ..

Property Oracle says ..

This property listing presents a 7.26-acre plot of land in Otley, Suffolk, accompanied by several existing structures that appear to be old barns or stables. The structures show visible signs of age and disrepair, needing significant refurbishment or potential demolition. The land itself seems somewhat overgrown, indicating a lack of recent maintenance. The location is a village setting, offering a quieter lifestyle but requiring travel to access larger towns or cities. Several primary schools are located within a reasonable distance, making it potentially attractive to families. While the area offers a degree of tranquility, this comes at the cost of distance from more extensive amenities and transportation networks.

The listing price is competitive, especially given the size of the plot. However, the state of the existing buildings must be factored in alongside potential planning permissions, development costs and time constraints. Prospective buyers should carefully evaluate the cost of bringing the existing buildings up to an acceptable standard, or the cost of their demolition and the construction of new structures. A thorough survey and professional assessment of the land’s potential use are advisable before making any purchase decisions. The absence of precise square footage data for both the buildings and the plot limits an accurate assessment of the price per square foot, but the overall acreage makes the property noteworthy. Given its size and location, it’s a proposition suitable for developers or individuals seeking a substantial rural landholding requiring significant financial investment.

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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