Ian Judd & Partners says ..

Property Oracle says ..

This property listing presents a unique opportunity to acquire 1.24 acres of land in the sought-after Meon Valley area of Hampshire with approved plans for the construction of two holiday lodges. The location offers a balance of rural tranquility and accessibility to local amenities and schools, albeit with some travel distance required. The site itself currently appears undeveloped, featuring grassland and some established vegetation. While the photographs illustrate this is a relatively underdeveloped plot of land, the presence of planning permission for holiday lodges makes this a more attractive investment opportunity. The asking price of £350,000 requires further financial analysis of projected costs of development against potential return, making this a moderately valued purchase given the current market conditions and land development costs. Buyers should note that significant works will be required before the site can be used and the profitability should be carefully analysed before purchase. Investors should consider the potential rental income from the holiday lodges, local competition, and all associated building costs to determine the overall viability and profitability of the project. The surrounding area offers both residential and rural characteristics. However, this should be weighed against the investment costs and planning permissions before a full evaluation is made. The absence of direct comparable properties in the nearby listings slightly complicates a precise market evaluation, which requires independent financial analysis.

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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