Fenn Wright says ..

Property Oracle says ..

This property presents a unique opportunity, but also significant challenges. The listing is for a plot of land containing former agricultural buildings with planning permission to convert them into three dwellings: two 4-bedroom and one 5-bedroom properties. The site is approximately one acre in size and located near Sudbury, Suffolk. This offers advantages such as proximity to transport and amenities, along with a peaceful rural setting. However, the existing buildings shown in the aerial imagery appear dilapidated and will require complete redevelopment, significantly impacting the overall cost of development. The absence of data on nearby property sizes and prices makes a direct price per square foot comparison difficult. However, based on the data available, the listed price is placed in a competitive range for similar rural properties in the region. The success of this investment hinges on careful management of construction costs and successful completion of the development according to the provided plans. Prospective buyers should obtain thorough independent structural surveys and detailed cost estimates for the entire development before committing to the purchase.

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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