Davidson & Robertson Limited says ..

Property Oracle says ..

This property listing presents a development opportunity for eight residential units in the sought-after village of Arnside, Cumbria. The land, extending to approximately 0.70 acres, is situated conveniently near Arnside railway station, offering easy access to local amenities and transport links. The land appears relatively undeveloped and clear, suitable for building. Nearby schools such as Arnside National Cofe School (0.52 KM) are a positive factor, although the Ofsted rating of ‘Requires Improvement’ is worth noting for potential buyers interested in family homes. Several other schools within a 3.05KM radius have ‘Good’ or ‘Outstanding’ ratings. The average house prices in nearby streets like Queens Drive and The Spinney range between £239,000 and £550,000, indicating a potential market for new homes in this area. The average price per square foot is not available in the provided data. The £500,000 list price for this undeveloped plot represents a significant investment and carries development risks which might influence buyer interest. Successful development would result in a profitable venture, especially considering the area’s desirability. However, planning permissions, development costs, and potential market fluctuations must be considered. Therefore, careful consideration of costs and risk assessment is imperative before proceeding with this investment. Overall, the site represents a significant potential development opportunity, though is entirely dependent on success in development and acquiring necessary permissions.

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