Bovingdons says ..

Property Oracle says ..

This listing presents an opportunity to purchase a 2.03-acre development site in the village of Pymoor, Cambridgeshire. Planning permission has already been granted for the construction of eight detached bungalows and chalets, significantly reducing the risk and time associated with typical development projects. The site is conveniently located overlooking the village recreation ground, and while the village itself is small, it is reasonably close to other towns and amenities such as schools. However, those amenities may require some travel. The absence of existing structures makes a full property evaluation regarding sqft impossible. Therefore, a comparative price per sqft analysis is also impossible. Given that significant development costs will be involved, including construction and associated fees, the asking price needs to be considered in that context. The substantial plot size is a considerable asset, and the planning permission adds value by reducing project risk. Overall, this property represents a potentially attractive investment for experienced developers, but due diligence on all aspects of the development, including the feasibility of construction and overall profit margins, is crucial before committing to a purchase.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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