Geering & Colyer says ..

Property Oracle says ..

This listing presents a development opportunity on a substantial plot of land at 445 Folkestone Road, Dover, Kent. The land has outlined planning permission for the construction of five detached houses. The site’s location offers potential benefits; its proximity to Dover Priory station provides good transport links, and several schools are relatively nearby. The proposed design incorporates private gardens. While the exact plot size isn’t provided, visual representations suggest a sizeable development site. The price of £600,000 falls within the guide price range provided by the estate agent and is not outlandish considering the scope of this development, but it remains crucial to consider construction costs and the prevailing market conditions to gauge the true profitability. The lack of detail on precise plot dimensions and construction costs hinders a fully informed analysis of the ultimate value, though this is a common aspect of land for development listings. Further investigation into planning permissions, construction costs, and potential market demand for new houses in the area would be crucial for a comprehensive evaluation.

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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