Petty Estate Agents Limited says ..

Property Oracle says ..

This property listing presents a development opportunity in Colne, Lancashire. The key feature is the planning permission in principle for a single detached dwelling on the land. The land itself is an undulating triangular plot located at the rear of 63 Knotts Lane. It is evident from the images provided that the garden requires some tidying and the existing structures on the site need maintenance or potential removal.

The location is reasonably convenient, situated within walking distance of Colne town centre, a train station offering links to other parts of Lancashire, and several primary schools with good Ofsted ratings. While the immediate street might not be considered a highly desirable area of Colne, access to essential amenities makes it suitable for a small housing development.

The asking price seems reasonable when considering similar properties in the area and the potential value after development. However, potential buyers will need to factor in the costs associated with developing the land, including landscaping, clearing existing structures, and construction. The lack of precise square footage data for both the land and any potential new build restricts a more precise valuation. Overall, the property is suited for buyers looking for a development project with potential for profit, understanding the risks and costs associated with such a venture.

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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