Whirledge and Nott says ..

Property Oracle says ..

This listing presents a unique opportunity: a sizeable plot of land in Romford, Essex, situated near the M25. The property currently consists of undeveloped land, requiring substantial investment for any construction or development. The photos show a relatively large, flat area of land bordering a road and the M25 motorway. The proximity to the motorway is a double-edged sword; it offers convenient access to major transport links but also generates noise and potential pollution. The location is somewhat rural, with the nearest amenities requiring a car journey. Several schools are within a reasonable distance, though their quality and suitability would need further investigation. The list price of £65,000 is significantly lower than other properties in the area, even considering the lack of a building. This could be due to the challenges associated with developing land near a motorway, the need for planning permission, and the absence of existing structures. Potential buyers should carefully consider the development costs, planning regulations, and environmental factors before making an offer. Further due diligence is essential to determine the true value and feasibility of this land. The lack of specifics regarding plot size and permitted development rights significantly impacts the overall appraisal.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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