Selectiv Property Sales & Lettings says ..

Property Oracle says ..

This listing presents a development opportunity rather than a ready-to-move-in property. The provided architectural plans detail the proposed construction of three three-storey townhouses on a plot located on High Street, Skelton West, Redcar and Cleveland. The plans show a well-designed layout for the three units, with clear floor plans showing various rooms across three floors. The site plan shows the land’s boundaries, access point, and its positioning relative to High Street. While the listing indicates that the land has previously been granted planning permission for this development, potential buyers should independently verify this. The proximity to Saltburn train station and the presence of well-regarded primary schools in the area could positively impact the future value of the completed homes. However, a thorough analysis would require access to more specific information like the exact dimensions of the plot, detailed cost estimations for construction, potential completion timelines and ultimately, the market conditions at the time of completion. The current pricing of £70,000 for the land itself seems potentially viable, given comparable properties in the area but without more precise information, it is difficult to fully assess its 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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