David Hill says ..

Property Oracle says ..

This listing presents an opportunity to build a single detached dwelling on a generous plot in a rural location near Barnoldswick, Lancashire. The plot enjoys stunning panoramic countryside views and benefits from permission in principle to construct a house. However, potential buyers must understand that the property is currently undeveloped and may require demolition of the existing structures. The site shows some signs of disrepair and neglect.

The lack of recent comparable sales data on Hodge Lane hinders definitive evaluation, but considering the size of the plot and the views, the price of £200,000 for a development plot seems reasonably competitive. Access to local amenities in Barnoldswick is reasonable, while the proximity to schools and train stations (in nearby towns) contributes further to the desirability, even with one local school in special measures. The existing structures appear dilapidated and would likely require demolition, significantly increasing the overall project costs. Overall, this is a high-risk, high-reward proposition with the potential for a profitable outcome, assuming planning permission is secured for the intended development. Due diligence with regards to site conditions, access, and potential environmental impacts should be undertaken before purchase.

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

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