KLP says ..

Property Oracle says ..

This property is a development site in Dolton, Devon, listed for £900,000. The site is substantial, as evidenced by aerial photographs, and the planning permission is in place for 25 dwellings. The location in Dolton offers a peaceful village setting with a primary school nearby. However, the lack of detailed information regarding the cost of development (planning permission, construction costs, marketing, etc.) makes it difficult to definitively assess the value. The absence of an existing structure means there is no existing condition to evaluate. The price seems high for a development site without detailed cost breakdowns, but the potential returns from building and selling 25 homes would need to be factored in. Further due diligence is essential before making any investment decisions. The proximity to other homes and the village setting are positive aspects, but potential buyers should carefully consider the risks and rewards associated with a large-scale development project. The lack of public transport information is a factor to consider for potential residents. The available data on nearby property prices is limited and doesn’t provide a precise comparison due to the absence of square footage data for most listings.

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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