Minors & Brady says ..

Property Oracle says ..

This listing presents a unique opportunity to acquire a substantial plot of land in the desirable Oulton Broad area of East Suffolk, with outline planning permission already secured for two detached bungalows. The substantial size of the plot (0.5 acres) offers flexibility. The proximity to Oulton Broad North train station (0.30 KM) provides easy access to Lowestoft and other towns. Several primary schools are within a short distance, making the area suitable for families. However, it is crucial to note that this is a land sale with approved plans. No existing property exists on site, implying that significant construction costs and time commitment are involved. Potential buyers must fully evaluate the build costs, project management expertise required, potential delays, and other associated risks before making an offer. The lack of completed structures and reliance on securing building permits should be considered significant factors in the valuation and risk assessment. Existing comparable properties in the area offer little comparison. The average price per square foot is unavailable for analysis.

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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