Ibbett Mosely says ..

Property Oracle says ..

This listing presents a plot of land in Basted, Borough Green, Kent, currently used as a car park. The location is a key advantage, with relatively easy access to Borough Green station providing a commuting link to London. Several well-regarded primary schools are within a reasonable distance, making it potentially attractive to families. However, the condition of the land is a significant factor. The photos show a basic paved area with some evidence of disrepair and overgrowth. The complete lack of existing structures means the purchaser would be facing substantial development costs to realise any value from the plot, needing to consider planning permissions and potential construction expenses. The absence of data on the property’s square footage and plot size in square feet makes a precise price per square foot comparison impossible, but considering nearby listed properties and the need for redevelopment, the price appears to be set at a midpoint accounting for both location advantages and the significant development costs ahead. The lack of any building is a major point to be considered, meaning the potential buyer is buying solely based on the future development value of the plot of land. The absence of bathrooms and bedrooms is also a significant factor given that the property is simply land. Overall, while the location holds promise, the considerable investment required for development and the small size of the plot influence the overall assessment. Thorough due diligence on planning restrictions and future building costs would be recommended before considering purchasing this plot.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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