Looks like it could be thermalite behind 15mm of plaster if you look at the left of the box hole. Seems to finish suddenly though.
Neither have I.Never seen anything like that on an external wall.
Could be, the house apparently has had cavity wall insulation added a few years ago.Bit odd.
Could it be a hollow building block that has got broken when the box was installed, and cavity wall insulation has found it's way in there?
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