Gascoigne Halman says ..

Property Oracle says ..

This listing from Gascoigne Halman presents three building plots located at South View, Alpraham, in the Cheshire East area. The property is not a completed house but rather three plots ready for development. The plots are situated on The Chantry in Bunbury, which is relatively close to several schools, including Calveley Primary Academy (Good Ofsted rating) and Tarporley High School (Outstanding Ofsted rating). The distance to these schools however, does need to be considered, as whilst they are close enough, the distance could still be too far to be deemed a great selling point. The lack of nearby transportation information is a limitation and the photos present a landscape of cleared, undeveloped plots. The site plan details proposed builds and layout indicating a potential three-bedroom dwelling with a garage on each plot. The cost per plot according to the site plan is £55,000, which would suggest this is a good investment opportunity depending on the local housing market. This would mean the price per plot is reasonable although this would depend on additional costs that need to be considered. The neighboring property values vary significantly. While some houses are listed at lower values, others exceed the proposed plot values considerably. A complete assessment requires knowing the projected final square footage of the completed houses, as this would impact the actual cost per square foot making it difficult to assess value for money. The surrounding area seems to be desirable given the high value houses that surround it. Therefore, this listing represents an investment opportunity for building three properties which is certainly going to be of interest to developers. However, potential buyers should carefully consider the costs associated with construction, and the local housing market before making a decision.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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