The list price of £900,000 reflects the potential value of the development opportunity rather than the current state of the property. While this price is high for the existing building, the approved plans for seven new homes justify a relatively high price score, considering similar development opportunities in the area. However, the final realised value will depend on the successful completion of the project and prevailing market conditions.

The existing structure appears to be in fair condition, but it’s clearly outdated and in need of significant renovation or demolition. The images show a somewhat run-down building, lacking modern amenities and requiring substantial work before it can be considered habitable. The planned development suggests a transformation, but the current state justifies a lower score.

The property is located on Orwell Road in Felixstowe, Suffolk, which is a desirable coastal town. Proximity to the seafront, town centre, and relatively good transport links (Felixstowe train station is 0.70km away) contribute to a positive location score. The presence of several schools within a reasonable distance, although their Ofsted ratings vary, further enhances the location’s appeal for families. However, the specific plot’s immediate surroundings appear somewhat less attractive than the broader area.

The land size is substantial enough for the planned development of seven dwellings, indicating considerable potential. While the current state is mostly paved and unlandscaped, the size of the plot itself makes it a valuable asset. The site’s shape and layout also appear suitable for the proposed construction.