Connect-UK says ..

Property Oracle says ..

This property is a plot of land located at Woolborough Farm House, Woolborough Lane, Outwood, Redhill, Surrey, RH1 5QR. It is listed for sale by auction at £225,000. The plot has already received planning permission for a single-storey dwelling, which simplifies the process for the buyer. The land itself is approximately 0.62 acres, providing considerable space for construction. The listing specifies that vacant possession will be available.

The location offers a desirable semi-rural setting in Outwood, balancing the tranquility of the countryside with reasonable access to amenities and transport links. Gatwick Airport’s proximity is a significant plus for commuters. Several good primary schools are within approximately 3 km of the property.

The land currently appears as a cleared site, ready for development. The provided architectural drawings and artist’s impressions give a clear idea of the planned construction. The lack of current buildings means the property is in a state needing full renovation or redevelopment, which should be expected given the nature of the purchase being a plot of land.

The price of £225,000 reflects the value of the land and approved planning permissions. Comparing it to prices of nearby properties is not possible given the lack of comparative data. The overall value proposition depends largely on the buyer’s assessment of future construction costs and the desirability of the finished property in the context of this specific location. Given the land size, location and planning permission, this price is considered competitive for this type of opportunity. Additional construction costs need to be factored into the overall value assessment.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images