Cheffins Residential says ..

Property Oracle says ..

This property in King’s Hedges, Cambridge, is listed as a plot of land with full planning permission for three 2-bedroom dwellings. The existing structure appears to be a bungalow in need of some cosmetic repairs, as evidenced by the exterior photographs. The garden is relatively small. While the location is convenient, being near Cambridge North station and several schools rated ‘Good’ by Ofsted, the property requires significant renovation work. The list price of £475,000 may be considered slightly on the higher side given the needed repairs. However, the primary value proposition lies in the planning permission, making the redevelopment potential a key factor. The lack of information regarding the square footage of the existing dwelling and plot size limits a more precise assessment of the price per square foot and overall value. Investors or developers may see this as an opportunity for profit once the planned houses are built. A prospective buyer should factor the cost of renovations, which could be considerable, into their overall assessment.

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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