Seddons says ..

Property Oracle says ..

This property in Tiverton, Devon, is a building plot with full planning permission for three, two-bedroom houses. The location is a positive aspect, with nearby good primary schools and likely convenient access to the town centre. However, the images reveal that the plot is currently overgrown and will necessitate significant clearing and preparation before construction commences. The absence of specific plot dimensions makes accurate valuation challenging. The list price of £150,000 could represent reasonable value considering the potential to create three houses, although uncertainty regarding final development costs and the current market conditions warrant caution. Further details regarding the plot’s exact size and development-related expenses are crucial to a complete assessment. Potential buyers should carefully factor in the costs associated with site preparation, construction, and obtaining all necessary permissions before committing to the purchase. The information provided doesn’t allow for a definitive statement on whether the property represents exceptional value or not. Investors interested in building and potentially selling or renting the completed units may be more interested in this project due to its potential for return.

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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