Bovingdons says ..

Property Oracle says ..

This listing is for a building plot adjacent to 73 Fordham Road, Soham, Cambridgeshire. The plot has outline planning permission granted for two detached three-bedroom bungalows. The location is on the southern outskirts of Soham, providing relatively easy access to Ely City and Newmarket. Several schools are within a reasonable distance, including St Andrew’s Cofe Primary School (Good Ofsted rating) and Soham Village College (Good Ofsted rating). However, there’s no mention of nearby public transport. The plot itself appears to be of considerable size, suitable for the proposed development. The listing price of £275,000 needs further context considering the lack of comparable plot sales data in the area. The surrounding area shows a mix of property types and price points. While some nearby properties are priced significantly higher, the availability of outline planning permission for two bungalows likely contributes to the asking price. A more detailed comparison of similar building plots sold in the region would be needed for a definitive price assessment. Overall, the property represents a development opportunity in a reasonably convenient location, although prospective buyers should conduct independent due diligence on the planning permission and conduct thorough research to determine the project’s overall profitability and affordability.

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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