Farrow & Farrow says ..

Property Oracle says ..

This listing from Farrow & Farrow presents an opportunity to acquire a plot of land with full planning permission on Goodshaw Avenue North in Loveclough, Rossendale. The plot’s size is significant for the area and its triangular shape is clearly shown in the aerial photographs and plans provided. The planning permission allows for the construction of a four-bedroom detached bungalow, the plans for which are included in the listing. The location in Loveclough offers a balance between a rural feel with proximity to open countryside and access to nearby amenities and schools. Several primary schools with good Ofsted ratings are within a reasonable distance. Train stations, while not within walking distance, are within a short drive. However, it’s essential to note that there’s no existing dwelling on the plot; the purchase is solely for the land and the opportunity to build. The list price, at £130,000, should be evaluated in light of other properties in the surrounding area. While nearby existing homes significantly exceed this price, this plot represents a cost-effective entry point to the Rossendale housing market, provided the costs associated with construction are factored in. Potential buyers need to conduct thorough due diligence, including checking the specific details of the planning permission and engaging with contractors to accurately estimate the construction costs before committing to the purchase.

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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