Dedman Gray Auction says ..

Property Oracle says ..

This listing is for a plot of land located on Connaught Road in Rayleigh, Essex. The land is approximately 120ft x 200ft, and is currently undeveloped. The area is described as semi-rural and offers access to local amenities and train stations via a short commute. The land is enclosed by fencing. Nearby properties range in price, suggesting variability in property values within the area. There are nearby schools with varying Ofsted ratings. The plot is being sold via public auction which is often seen as a quicker route to completion and can often result in competitive bidding and lower prices compared to a traditional property sale. The lack of information regarding potential building permissions and development costs makes a fully comprehensive evaluation difficult. Buyers should exercise due diligence and conduct thorough research into planning regulations and building costs before bidding. The potential for development, especially given the size of the plot, is the main draw of this purchase. However, the complete lack of buildings or infrastructure should be considered a key factor when evaluating the value proposition.

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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