Austin Gray says ..

Property Oracle says ..

This property is a development site located at the rear of 106 Dale View, Hove, BN3 8LF. It’s currently listed for sale at £160,000 and comes with planning permission for a two-bedroom detached house. The property’s location in Hove, within reasonable distance of schools and transport links, represents a positive aspect. Hangleton Primary School, for instance, is nearby and has a ‘Good’ Ofsted rating. The presence of a garden also adds to the property’s appeal. However, the current state of the land requires significant work before any building can begin. Photos show undeveloped land, needing preparation and potentially remediation, thus lowering the overall desirability. The lack of precise details on the plot’s dimensions makes it difficult to fully assess the value for money. Nearby sales figures for similar plots are necessary for a complete market valuation. The available data shows a wide range of prices for properties in the vicinity (from £8,000 for other land plots to over £600,000 for houses), thus making it difficult to accurately determine if £160,000 represents good value without having comparable figures for the size and exact location of this plot. Therefore, a prospective buyer should conduct a thorough site inspection and obtain professional advice on the development costs and potential resale value before committing to the purchase. This investment likely holds appeal to developers or those seeking a project-based property investment, but with the risks associated with development projects. It is also important to note that the property sold at auction for an undisclosed amount. Further research should be conducted to see the sale price to determine market value.

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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