Sheridans says ..

Property Oracle says ..

This property in Hengrave, Suffolk, presents a unique investment opportunity. Currently, it’s a derelict period cottage requiring complete demolition and rebuilding. Full planning permission has already been granted for the project, which will result in a new two-bedroom detached house. The existing structure shows significant disrepair. The property benefits from a small garden area, as shown in provided photographs of a small paved area and a shed, and it’s located within a short driving distance of Bury St Edmunds. The surrounding area includes various schools and amenities, and is well located for commuting. However, the buyer should be prepared for the significant costs associated with demolition, construction, and potential additional unexpected costs and complexities. The actual realised cost will heavily rely on the selection of building materials and the engagement of contractors. Potential buyers must carefully assess these expenses and factor them into the overall cost before making a purchasing decision. The low list price of £95,000 is attractive but deceptive given the costs of developing the site. Further information would support a more precise evaluation of whether this is a worthwhile investment. A thorough survey and cost estimation of the entire project are necessary prior to committing to the purchase.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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