Bank Lane, Melling
AR

Bank Lane, Melling

By Arnold & Phillips

£ 250,000

Reviews

3 out of 5 stars

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 %
from 254,068.00 £
Est sale value
652,190.00 £
Increased by 76.61 %
from 369,292.00 £
Average area rental value
900.00 £/mo
Decreased by 18.70 %
from 1,107.00 £/mo
Est letting value
1,694.00 £/mo
from 0.00 £/mo
Est rental Yield
4.78 %
Decreased by 8.60 %
from 5.23 %
Crime Rate
9.00 %
Unchanged by 0.00 %
from 9.00 %

Agent Activity

  • Arnold & Phillips created the listing.

Nearby Schools

NameTypeOfstedDistance
Ravenscroft Community Primary SchoolCommunity SchoolGood1.76 KM
The Ark SsccChildren's Centre Linked Site1.79 KM
Melling Primary SchoolCommunity SchoolGood1.83 KM
The Star SsccChildren's Centre1.93 KM
Millbrook Community Primary SchoolCommunity SchoolGood2.07 KM

Images

Photo 15 Photo 9 Photo 16 Photo 16 Photo 4 Photo 5 Photo 6 Photo 16 Photo 18 Photo 17 Photo 7 Photo 8 Photo 10 Photo 12 Photo 14

Nearby Streets

NameAverage PriceAverage SqftDistance
Bank Lane £ 475,00000.00 KM
Perth Close £ 195,00000.00 KM
Bank Lane £ 000.00 KM
Purbeck Road £ 259,95000.00 KM
Spurrier's Lane £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Kirkby (Merseyside)2124KIR1.91 KM
Maghull North6576MNS2.75 KM
Maghull2155MAG3.38 KM
Town Green2283TWN4.43 KM
Fazakerley2126FAZ5.51 KM

Nearby Listings

AddressPriceTypeScoreDistance
Bank Lane, Melling £ 700,000BUYUnknown0.00 KM
Bank Lane, Melling, L31 £ 250,000BUY7 / 100.00 KM
Bank Lane, Melling £ 250,000BUY6 / 100.00 KM
Bank Lane, Melling, L31 £ 700,000BUY7 / 100.07 KM
Dumfries Way, Liverpool, L33 £ 190,000BUY6 / 100.59 KM

Nearby Properties

AddressPriceDistance
2 Bank Lane £ 70,0000.01 KM
5 Bank Lane £ 235,0000.01 KM
The Cottage £ 175,0000.01 KM
4 Bank Lane £ 120,0000.01 KM
Stone Dene £ 99,0000.01 KM