Petty Estate Agents Limited says ..

Property Oracle says ..

This listing presents a significant development opportunity in the village of Blacko, Lancashire. The property is a 0.6-acre plot of land adjacent to 372 Gisburn Road, with planning permission granted in principle for residential development. The substantial land area offers significant potential for creating a spacious family home with substantial gardens, benefitting from outstanding views across Pendle. However, the site currently consists of undeveloped, overgrown land which is a key consideration for any prospective buyer. The proximity to Blacko Primary School and other amenities in Barrowford, along with the relative ease of access to the M65 motorway, enhances its attractiveness. The absence of existing structures and the need for complete construction will greatly influence the overall cost of the project. The asking price of £350,000 should be carefully assessed in light of development costs and compared to the prices of other land available in the vicinity. Due to the lack of comparable sales data specifically regarding land prices, it is difficult to provide a definitive value assessment. Careful due diligence, including obtaining detailed costings for construction, is necessary to determine the project’s viability and overall return on investment. Prospective buyers should be fully aware of the costs involved in developing the land from the ground up and secure all necessary approvals for any development. The planning permission in principle is a good start, but further details on those plans are required.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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