Morris Marshall & Poole says ..

Property Oracle says ..

This listing is for a plot of residential development land located in Newtown, Powys, Wales. The site is situated in an area with existing housing and presents the opportunity to build four bungalows, as indicated by the included planning documentation. The land has an uneven topography and is currently undeveloped, with visible debris and landscaping requirements.

The proposed development includes four bungalows, each with its own parking space, in a modern design. While the location offers access to schools and a train station, the steep terrain of the plot itself poses potential challenges during construction and may impact future accessibility. Nearby property prices vary significantly; some properties are priced considerably higher than the subject land while others are more comparable. The proximity to existing homes on Hendidley Way and the apparent quality of those properties suggests good demand in the area.

Overall, the property presents a development opportunity with both advantages and challenges. Buyers should consider the cost of site preparation, construction costs, and the potential complexities of building on uneven terrain. A detailed feasibility study to understand development costs is recommended. The price should be considered relative to these potential costs to fully understand the investment’s viability.

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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