KLP says ..

Property Oracle says ..

This listing presents a development opportunity in St Giles on the Heath, Devon. The site boasts outline planning permission (Ref. 1/1052/2020/OUTM) for 12 dwellings, and its considerable size of approximately 1.08 hectares (2.66 acres) offers significant potential. The location in St Giles on the Heath offers a balance of rural tranquility and access to local amenities, including a nearby primary school. However, the lack of details regarding existing infrastructure and transportation links makes evaluating the site’s true potential challenging. The current list price of £200,000 is relatively low, considering the scale of the development, but detailed financial projections and market analysis are crucial to assess its viability and true value. It should be noted that no building currently exists on this site and no information is provided on building costs. Potential buyers should thoroughly investigate all associated development costs, including planning fees, construction, legal fees, and potential delays before committing. Given this is a development site, a comprehensive feasibility study would greatly help in determining market suitability and profitability. The proximity of a good-rated primary school is a positive aspect for potential future residents. Further research into the local market and transportation access is also crucial for a comprehensive assessment.

Therefore, we give this property 5 / 10. Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.

Images