Remax Clydesdale & Tweeddale says ..

Property Oracle says ..

This listing is for a plot of land located on Stanmore Road in Lanark, South Lanarkshire. The sale includes planning permission to construct a new dwelling, which will be situated on the edge of the historic market town. The plans show a substantial two-story property with a double garage. The location offers proximity to the town of Lanark (approx 2.36 km to the train station), suggesting relatively easy access to amenities, transportation (Lanark and Carstairs train stations are within reasonable distance), and potentially schools. However, without information on the specific amenities immediately surrounding the property, a precise assessment of the location’s desirability is limited.

The provided documents showcase the detailed architectural and site plans for the development. These plans reveal a well-designed property, however, this review focuses solely on the land and the value proposition of acquiring it, and not on the design. The proposed property appears spacious and modern. The size of the plot is substantial enough to accommodate the proposed house, garden and outbuildings.

The price of £99,000 is for the land and planning permission, making a direct comparison to other properties challenging. Nearby properties vary greatly in price, from under £100,000 to nearly £355,000 for nearby streets. This significant difference suggests that the property’s actual value will depend substantially on the final size and quality of the finished building. The purchase will involve additional costs associated with construction. Therefore, a comprehensive evaluation of the value for money requires a detailed cost breakdown of construction compared to the resultant property’s market value upon completion.

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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