M&W Sales and Lettings says ..

Property Oracle says ..

This property is a plot of land on Bexhill Road, St. Leonards-on-Sea, with planning permission granted for the construction of two three-bedroom semi-detached houses. The current state of the land is overgrown and requires significant preparation before construction. However, the planning permission mitigates some of the risk associated with land purchases. The location is convenient, with proximity to a train station, shops, and the beach, as well as reasonably close to a number of schools with a ‘Good’ or ‘Outstanding’ Ofsted rating. The price of £200,000 appears reasonable in comparison to other nearby plots of land with planning permission, although there’s no way to compare the price per sqft as there’s no building or square footage at present. The potential for future profit is significant, but this involves the cost and effort of construction, and subsequent sale of the completed properties. Buyers should carefully consider the costs associated with construction and potential market fluctuations before committing to this investment. Overall, the property presents a medium-risk, medium-reward investment opportunity for developers or those seeking a land development project.

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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