The list price of £450,000 seems reasonable considering the potential of the plot and the average property prices in the area. However, the cost of renovation needs to be factored in. Nearby listings indicate a range of prices, suggesting that the value is tied to the condition and size of the property after renovation.

Based on the images, the property appears to be in need of significant renovation. The land is overgrown, and the existing structures seem dated and possibly dilapidated. This suggests a need for considerable investment to bring the property up to modern standards.

The property is located in Minster on Sea, Sheerness, offering a mix of residential and coastal living. While not a prime urban center, it provides access to local amenities and the coast. The nearby schools have mixed Ofsted ratings, which could be a factor for families.

The plot size appears to be substantial, offering significant potential for development or landscaping. This is a major asset, especially given the surrounding residential area. The size of the land provides opportunities for expansion or creating a large garden.