Parkers Estate Agents says ..

Property Oracle says ..

This listing presents a unique opportunity to acquire a plot of land in the prestigious Caversham Heights area of Reading. Located on Upper Warren Avenue, the property offers approximately 7,200 sqft of land with views overlooking the River Thames. However, the property is currently underdeveloped and requires significant preparation work before any building can commence. The site is overgrown and appears to require substantial clearing, potentially including removal of vegetation and leveling of the land. While the lack of existing structures and utility connections initially suggests a lower price, the prime location along the River Thames with proximity to excellent schools and transportation options, balances this against the significant work required. Therefore, it is important to factor these considerations into any potential investment decisions. Further due diligence is recommended to establish the exact costs associated with preparing the land for development which would enable a more precise assessment of its ultimate value. The surrounding area demonstrates a strong pattern of high-value properties, suggesting considerable potential for long-term appreciation. Ultimately, the potential of this land is significantly dependent upon the expenditure necessary for pre-development groundwork. Investors should carefully weigh the potential return on investment against the unavoidable costs of preparing the land for its intended use.

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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