Whybrow & Dodds Ltd says ..

Property Oracle says ..

This listing presents a development opportunity rather than a ready-to-move-in property. Located on Mersea Island near Colchester in Essex, the site comprises 20 acres of land with detailed planning permission for 101 homes, commercial space (B1), and facilities such as a doctor’s surgery or nursery (D1). The site is described as being in a prominent position within a parkland setting with attractive landscaping. The location is attractive, offering a coastal lifestyle with proximity to Mersea Island School. Transport links are less extensive, with the nearest train station (Wivenhoe) located approximately 8.74km away. Nearby property prices vary considerably, reflecting a broad range of housing styles and sizes. The list price of £744,000 represents the value of the land and planning permissions for the entire development, not a single property. Further information regarding individual plot values or development costs would provide a more comprehensive appraisal. This opportunity presents a significant potential return on investment but also comes with substantial development risks. The investor should conduct extensive due diligence to assess the financial viability and associated risks before committing.

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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