Truepenny's Property Consultants says ..

Property Oracle says ..

This property is a plot of land located on Etherow Street in Dulwich Hill, London, SE22, with planning permission for a two-to-three bedroom house. The location is a significant positive, offering proximity to well-regarded schools and relatively convenient access to public transport via East Dulwich station, a factor that is usually highly sought-after in the property market. This usually elevates property values. However, the surrounding street may not be as appealing to some buyers as other streets within Dulwich Hill. The property is not a ready-to-move-in house or flat; it is an opportunity to build. The land’s size is not clearly stated in the provided information, but the visuals indicate it may not be especially large.

The list price of £300,000 requires a closer look. While other properties in the vicinity are listed for a much higher price, these are usually already developed. In this instance, the plot is a development opportunity. Considering similar plots of land with planning permission within the area, £300,000 seems relatively reasonable. However, an accurate assessment of value would require knowing the exact plot size and comparing it to prices of other comparable plots. In the absence of this key information, the analysis is limited.

Overall, the property presents an opportunity for someone looking to develop their property. The location is generally considered to be desirable due to its schooling and transport links. The relatively lower price when compared to nearby properties would mean there is a greater risk and uncertainty associated with the project, but the potential rewards are also higher, and the plot may be attractive to developers and those willing to take on the task of building a home.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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