Sheldon Bosley Knight says ..

Property Oracle says ..

This property is a 0.148-acre plot of land located on Lime Street in Bengeworth, Evesham, Worcestershire. The land is currently vacant and appears to be largely overgrown and unkempt. Based on the aerial photography, the site contains various debris. The property is listed for sale at £25,000 with Sheldon Bosley Knight.

The location is generally positive, being in a residential area near schools and Evesham railway station. Nearby properties are mostly terraced houses. However, detailed data on Lime Street itself is sparse, making a definitive statement about the location’s premium difficult.

The condition of the land is poor. It requires significant preparation before construction of any kind can start. It is unimproved and would demand considerable expenditure for landscaping, site clearance, and infrastructure installation before development.

The plot size is relatively sizeable. It presents opportunities for potential development given the demand for housing in Evesham. However, the costs associated with site preparation and potential planning permissions should be factored into any evaluation.

The price of £25,000 is competitively low. However, without knowing the full development potential, planning permission costs and market values of similar plots in a developed state, it is too early to assess if the price accurately reflects the investment potential. Extensive due diligence would be advised before purchasing this land. Further research should examine the land’s planning restrictions and potential development value, to provide a better understanding of the true value proposition.

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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