Simpson & Weekley says ..

Property Oracle says ..

This property listing on Gold Street, Wellingborough, presents a development opportunity, rather than an existing dwelling. The listing details outline planning permission for the construction of nine apartments on a site with approved building plans. The location is described as being near Wellingborough town centre, schools (including some with outstanding Ofsted ratings), and Wellingborough train station. However, details on immediate surrounding amenities are limited. The provided photographs depict a vacant lot, with no existing buildings or structures present. This lack of a finished structure means that the traditional metrics used to assess a property’s condition are not applicable. The list price of £400,000 is for the land and approved planning permission for the construction project, not for an existing house. The price seems reasonable in the context of development opportunities within a town centre location near transport links and good schools, but a thorough analysis would require more precise details on building costs and comparison with similar projects in the immediate vicinity. The absence of information regarding plot size dimensions or additional land features restricts a comprehensive assessment of the land value. Overall, the investment value depends heavily on factors such as the costs associated with developing the property, and market demand for the resulting apartments, which is not revealed in the provided information.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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