Bury & Hilton says ..

Property Oracle says ..

This property, located on Lightwood Road in Buxton, Derbyshire, is presented as a potential redevelopment site. The listing highlights its convenient location near Buxton town centre and various amenities, including several schools within a kilometre radius. Buxton train station is also within easy reach, offering good transport links. The provided photographs reveal a building in significant disrepair, requiring extensive renovation or even complete demolition and rebuilding. The structure appears aged and in need of major work to become habitable. The site’s size is not explicitly provided, but visual inspection suggests a relatively compact plot. The lack of land could limit the scale of any development, impacting its potential value. The list price of £400,000 should be carefully considered, weighing the potential development value against the costs and risks associated with obtaining necessary planning permission and executing such extensive refurbishment. Potential buyers should conduct thorough due diligence, including obtaining independent surveys and architectural appraisals, to determine the feasibility and profitability of the proposed development. The property’s proximity to amenities and transport makes it potentially attractive, but the condition and land limitations introduce notable complexities. Buyers need to balance the potential rewards with the substantial costs and uncertainties involved.

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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