Savills says ..

Property Oracle says ..

This listing is for a prime greenfield development site in St Martin, Looe, Cornwall, with outline planning permission for up to 43 dwellings. The site is situated on Kimlers Way, close to Looe town and benefits from good access to local amenities, schools (Looe Community Academy and Looe Primary Academy are within walking distance), and transportation links (Looe train station is less than a kilometer away). The land is significant in size, as evidenced by aerial imagery, presenting substantial development potential. The current state of the land is undeveloped and comprises a large plot of land suitable for housing construction. The list price of £100,000 is considerably low for a development site of this scale and location, suggesting that the value may greatly increase upon development. Additional research into similar land sales in the vicinity and the development costs associated with building 43 dwellings would offer more complete financial analysis. The information provided only includes a limited number of comparable properties, and the lack of sqft data for all listings hampers accurate price per sqft comparisons. Further investigation of the planning permission details, including specifics on the type of housing permitted, plot sizes and constraints, is crucial to get a full financial assessment. The photographs show surrounding areas with existing housing, an access road and some adjacent fields, providing context to the development location.

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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