Fox Grant says ..

Property Oracle says ..

This property listing presents a unique opportunity in the UK housing market: a large plot of undeveloped land in the desirable, yet rural, village of Awbridge near Romsey. The land’s extensive size of 1,452,000 square feet (approximately 33.3 acres) offers considerable development potential for a new build or other projects. The location is appealing for those seeking a peaceful setting within reasonable proximity to a town with more amenities like Romsey. Schools are within reach, although not directly adjacent. The lack of an existing structure means buyers need to factor in the costs of construction, planning permissions, and potential land preparation works. The list price is low relative to the land area but may still require substantial investment for full realization of the property’s potential. Buyers should engage in thorough due diligence including obtaining planning permissions before committing to the purchase. Local property prices show a great deal of variation from smaller properties priced at under £200,000 to properties in the £1 million plus range. This variation is likely driven by property type and size. Due to this, the £80,000 asking price could represent exceptional value or reflect a high degree of risk depending on the specific development undertaken.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images