Maria B Evans Estate Agents says ..

Property Oracle says ..

This property at 7 Wrightington Bar, Wrightington, presents a unique investment opportunity. The listing focuses on the sale of a plot of land with outline planning permission for a three detached dwelling development. The existing farmhouse and outbuildings are also included in the sale, though these appear to be in need of substantial renovation. The property sits on a sizable 23-acre plot of Grade 3 agricultural land in a semi-rural setting.

The property’s location is attractive, offering a relatively peaceful lifestyle while still being within reach of local amenities and transport links such as Appley Bridge train station which is approximately 4.50 KM away. Several well-regarded primary schools are located within a radius of 3.37 KM, which is an important consideration for families.

The existing buildings shown in the photos however, appear to be in a poor state of repair, suggesting significant refurbishment or demolition costs will be involved. The agricultural outbuildings are clearly aged and would likely need to be replaced or removed to accommodate the proposed new builds. While the substantial land size is a key selling point offering significant development potential, this must be balanced against the considerable costs of renovation or rebuilding.

The absence of key details, such as the precise square footage of the existing farmhouse and plot details, hinders a precise evaluation of the price per square foot compared to nearby properties. However, considering the scale of the land and the planning permission granted, the list price of £1,500,000 is within a reasonable range; though additional cost considerations need to be accounted for. Overall, the property’s value hinges on the developer’s ability to successfully realize the proposed development and the market conditions at the time.

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

Images