P Wilson & Company says ..

Property Oracle says ..

This property listing presents an opportunity to acquire a plot of land with planning consent for the construction of up to three dwellings in the sought-after village of Hutton, Preston. The location is a significant strength, with several good schools nearby. The average prices of properties on nearby streets suggest this could be a potentially profitable development. However, it’s crucial to conduct thorough due diligence on the precise details of the planning permission before committing to the purchase. The absence of specific information regarding plot size, exact dimensions of the permitted buildings, and potential associated costs (e.g., construction, infrastructure) creates uncertainty regarding the true value of the investment. A detailed appraisal by a qualified surveyor and potential builder cost estimation are essential next steps for a prospective buyer. This should include factors such as ground conditions, services availability, and any potential environmental or planning constraints. Comparing the list price to similar land development opportunities in the vicinity is also recommended to evaluate its market competitiveness and potential return. The current list price presents a potentially attractive entry point; however, comprehensive assessment is vital to gauge the property’s overall value.

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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