JonSimon Estate Agents says ..

Property Oracle says ..

This listing presents a plot of land located on Colling Street in Ramsbottom, Bury. The property is described as a large plot, formerly used as allotments. Currently, no planning permission is in place, representing a significant hurdle for potential buyers. The photographs show the land to be overgrown and in need of considerable clearing and preparation. The location itself is advantageous, situated in the desirable town of Ramsbottom which benefits from nearby excellent primary schools such as St Joseph’s and Hazlehurst, both rated ‘Outstanding’ by Ofsted. Ramsbottom also offers an appealing blend of rural and urban environments. The proximity to Bromley Cross train station (although not exceptionally close) provides a transport link. However, the lack of property-specific details regarding square footage and precise plot size limits a complete assessment. The surrounding area shows varying property values, ranging from smaller semi-detached houses to significantly larger detached houses, suggesting substantial local price variations and indicating the importance of securing planning permission for this plot to reach its full value. The absence of clear market comparable data for similar plots without planning permission makes it difficult to definitively determine the price’s fairness. A buyer should carefully weigh the investment risk associated with obtaining planning permission and development costs against the potential returns in this desirable location. A detailed planning application investigation is a necessity before any purchase decision.

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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