Connells says ..

Property Oracle says ..

This property is listed as a plot of land located on Valletort Road in Stoke, Plymouth. The listing photos reveal a significant amount of overgrown vegetation and require clearing and landscaping. The overall state of the land is poor, with litter visible in the provided imagery. The lack of building presents a blank canvas for development, but this requires significant upfront costs including preparation of the land, and potential planning permission. The location is a positive attribute; however, it’s important to consider that the property itself is solely undeveloped land which demands a considerable investment before inhabitation. Nearby properties on Valletort Road have widely varying prices, ranging from £46,500 to over £200,000 depending upon building size, type, and condition, illustrating considerable market variability in the immediate area. Access to schools and transportation is positive for the area in general, and are likely factors contributing to the variability of prices. The absence of key data like the plot’s exact size and details of any possible planning permissions makes a precise valuation difficult. While the price might seem reasonable given the potential, buyers should factor in the substantial costs associated with land preparation and construction, as well as the uncertainties of planning. Due diligence on planning potential is necessary for interested investors. This is a high-risk, high-reward investment opportunity.

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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