Longstaff says ..

Property Oracle says ..

This property listing presents a unique opportunity: a plot of land with outline planning permission for a three-bedroom house in Spalding, Lincolnshire. The land itself is relatively large (approximately 460m²), and offers a good-sized garden which is currently maintained. The location is favourable, with several well-regarded primary and secondary schools within a comfortable distance. Proximity to Spalding train station ensures convenient access to public transportation. The price of £125,000 reflects the need for substantial building work before a finished dwelling can be occupied. Comparing it with other property prices in the area, the land price is fairly competitive. However, potential buyers must factor in significant construction costs and potential unforeseen expenses. A detailed cost analysis and risk assessment are crucial before committing to this purchase. Overall, it’s a potentially worthwhile investment for buyers with experience in development or a strong builder network, but it’s crucial to understand the financial implications of such a project fully. The lack of specific architectural plans and a defined construction timeline are points to consider before taking the leap.

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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