Aspire Estate Agents says ..

Property Oracle says ..

This listing is for a development plot on Connaught Road in Weeley Heath, Clacton-on-Sea, Essex. Planning permission has already been granted for the construction of seven detached bungalows, each with a garage. The land is situated in a semi-rural area with scenic views. The property’s proximity to Weeley and Thorpe-le-Soken railway stations is a significant advantage, enhancing its appeal to commuters. Several primary schools are within a reasonable distance, indicating suitability for families. While the absence of specific details regarding the plot size (SQFT) and existing building condition prevents a complete assessment of the property’s value per square foot, it’s important to note that the list price needs to be evaluated against both the projected construction costs and potential profits from the sale of the individual bungalows, considering the risk and expenses involved with new builds. A detailed financial analysis is required to assess the property’s true value and return on investment for any potential buyer or investor. The aerial views reveal the expansive nature of the land and its location within the existing housing estate.

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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