Arnold & Phillips says ..
Arnold & Phillips are thrilled to present to the market a rare opportunity to acquire a premium plot nestled privately along the semi-rural Bank Lane in Melling. This exceptional opportunity is located close to a wealth of local amenities and boasts excellent transport and commuter links. With...
Property Oracle says ..
This property presents a unique opportunity to acquire a substantial plot of land in a semi-rural location with convenient access to transport and amenities. The listing highlights the potential to develop a substantial new property on the site. However, it’s important to note that the current state of the existing buildings indicates a need for substantial renovation or demolition before the new development can begin. The existing structures and land appear somewhat neglected, requiring significant work. The high average prices on Bank Lane suggest the location commands a premium, although the immediate surroundings shown in the aerial photos may not match the high average price. Prospective buyers need to be prepared to factor in the costs of renovation, potentially demolition, along with the development itself, to accurately assess the overall value. The lack of information about the sqft for the property being sold presents an additional challenge in evaluating its value, though the price may be considered reasonable in the context of similar land sales in the area. Buyers would be purchasing a development project that requires significant investment and time commitment.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 4
- Location
- 7
- Land
- 6
- Bedrooms
- 4
- Bathrooms
- 2
- Sqft (est)
- 1,694.00
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 225,800.00 £Decreased by 11.13 %
- Est sale value
- 652,190.00 £Increased by 76.61 %
- Average area rental value
- 900.00 £/moDecreased by 18.70 %
- Est letting value
- 1,694.00 £/mo
- Est rental Yield
- 4.78 %Decreased by 8.60 %
- Crime Rate
- 9.00 %Unchanged by 0.00 %
Agent Activity
Arnold & Phillips created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Ravenscroft Community Primary School | Community School | Good | 1.76 KM |
| The Ark Sscc | Children's Centre Linked Site | 1.79 KM | |
| Melling Primary School | Community School | Good | 1.83 KM |
| The Star Sscc | Children's Centre | 1.93 KM | |
| Millbrook Community Primary School | Community School | Good | 2.07 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Bank Lane | £ 475,000 | 0 | 0.00 KM |
| Perth Close | £ 195,000 | 0 | 0.00 KM |
| Bank Lane | £ 0 | 0 | 0.00 KM |
| Purbeck Road | £ 259,950 | 0 | 0.00 KM |
| Spurrier's Lane | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Kirkby (Merseyside) | 2124 | KIR | 1.91 KM |
| Maghull North | 6576 | MNS | 2.75 KM |
| Maghull | 2155 | MAG | 3.38 KM |
| Town Green | 2283 | TWN | 4.43 KM |
| Fazakerley | 2126 | FAZ | 5.51 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Bank Lane, Melling | £ 700,000 | BUY | Unknown | 0.00 KM |
| Bank Lane, Melling, L31 | £ 250,000 | BUY | 7 / 10 | 0.00 KM |
| Bank Lane, Melling | £ 250,000 | BUY | 6 / 10 | 0.00 KM |
| Bank Lane, Melling, L31 | £ 700,000 | BUY | 7 / 10 | 0.07 KM |
| Dumfries Way, Liverpool, L33 | £ 190,000 | BUY | 6 / 10 | 0.59 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 2 Bank Lane | £ 70,000 | 0.01 KM |
| 5 Bank Lane | £ 235,000 | 0.01 KM |
| The Cottage | £ 175,000 | 0.01 KM |
| 4 Bank Lane | £ 120,000 | 0.01 KM |
| Stone Dene | £ 99,000 | 0.01 KM |