Lextons Auctions says ..

Property Oracle says ..

This property in Bognor Regis, West Sussex, is listed for sale at auction. It’s a plot of land with a small footprint, currently containing building materials and debris, requiring extensive renovation or redevelopment. The property is located on Richmond Avenue within a reasonable distance to Bognor Regis train station, shops, schools, and the town centre, making it a potentially viable location for someone who wishes to develop the land. Nearby properties show significant price variation depending on property type and size. The photos reveal that the plot of land is cluttered and needs significant work before any buildings can be created. The listing lacks information regarding the specific size of the plot. Therefore, it’s impossible to determine the exact value per square foot. Overall, this property presents a high-risk, high-reward investment opportunity. The low asking price is offset by the significant work and investment required. Buyers should carefully assess the costs involved before making a bid. Prospective buyers should arrange a physical viewing and conduct thorough due diligence, including obtaining necessary planning permissions if any development is considered.

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

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