Reids Property says ..

Property Oracle says ..

This property is a development plot in Badgers Mount, Kent, listed at £475,000. It currently features an existing bungalow which appears to be in need of substantial renovation or demolition. However, the key selling point is planning permission granted for a much larger, modern two-story house. The current structure shows some signs of age and weathering, suggesting the need for significant work. The proposed construction plans indicate a contemporary home that could greatly enhance the property’s value, offering a spacious and upgraded living space. The location is a significant asset, providing a balance of semi-rural tranquility and excellent access to transportation via Knockholt station which offers rail links to London. Good schools within a reasonable distance are also a considerable advantage for families. The limited information regarding the exact plot size makes an entirely accurate assessment of land value challenging, but the images suggest sufficient space for the planned build and garden. Overall, this property presents a redevelopment opportunity with considerable potential, but requires significant investment and effort. The buyer should carefully consider the costs involved in demolition, construction, and potential unforeseen expenses associated with such a project. The asking price reflects the current state of the property and the risk involved in such an undertaking; the potential return on investment upon completion of the build will need to be carefully considered. The absence of precise square footage and other details leaves some aspects of the assessment incomplete.

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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