John Francis says ..

Property Oracle says ..

This property listing presents a development opportunity in Trimsaran, Carmarthenshire. The land, with existing Outline Planning Consent, allows for the construction of two detached dwellings. The plot size is sizeable, indicated by the photographs and the planning documentation, which outlines detailed specifications for two houses; one with a floor area of 155 sq m. The location is reasonably convenient, with a primary school nearby and train stations within reach, which would add to the desirability of the completed homes. However, the current state of the land is overgrown and will require significant preparation work prior to construction, suggesting additional costs. The listing price of £110,000 requires further analysis to determine if it accurately reflects the potential return on investment, considering both construction costs and potential sale values in the local market. The absence of information regarding the specific dimensions of the plot in square footage limits a precise assessment of price per square foot which is key to a thorough assessment. More detailed information on building costs in this region and realistic sales prices for completed properties in Trimsaran would be needed to fully assess the profitability and the reasonableness of the list price.

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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