Hollis Morgan Auctions says ..

Property Oracle says ..

This property is a development site in Clevedon East, North Somerset, listed for £695,000. The site, which spans 0.65 acres (approximately 2,880 sqft), already possesses planning permission for the construction of nine houses, each including a garden and parking. This offers considerable potential for significant returns, with a projected Gross Development Value (GDV) of £4.415m. The location in Clevedon East provides reasonable access to local amenities and schools, and while the immediate surroundings show a mix of residential and some more industrial/commercial properties, the proximity of Clevedon town centre and Yatton Railway station is positive. The existing structures on the site are clearly in need of redevelopment and show that the area needs improvement. The artist’s impressions depict the planned housing development which may attract buyers looking for a new housing project. However, interested buyers should conduct their own thorough due diligence, carefully evaluating construction costs, potential market fluctuations, and all other related risks associated with the development before committing to this investment. The listing price is somewhat reasonable when you consider the projected return of the 9 houses, however the current condition is poor and the risks of development should be considered.

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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