Goodwin Ellis Property Services Ltd says ..

Property Oracle says ..

This listing presents a plot of land situated in Vicarage Park, Greenwich, London. The provided images reveal an overgrown and neglected site, with dilapidated structures on the land itself, requiring significant preparation before any development could commence. The property’s location is advantageous, given its proximity to Plumstead station, providing relatively easy access to transportation links across London. The presence of numerous well-regarded schools in the vicinity would also enhance the desirability of the site post-development. However, before any potential value can be fully realised, the significant investment required for land clearance and any necessary planning permissions must be factored in. Nearby property prices show a considerable variation, suggesting the value of this plot of land depends heavily on successful development and obtaining planning permission for said development. The lack of specified square footage for both the land and any existing buildings adds uncertainty to the overall assessment. The current state of the property demands a cautious approach to any potential investment.

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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