H&H Land & Estates says ..

Property Oracle says ..

This listing presents a development opportunity in Flookburgh, Cumbria, for a plot of land with outline planning permission for 32 residential dwellings. The land itself is 2.90 acres, and currently appears as an overgrown field. The location is positive, with Flookburgh offering a good range of village amenities including a nearby train station and several well-regarded primary schools within a reasonable distance. The absence of a building necessitates the focus being on the development potential. The listed price reflects the potential value once developed, though the risk associated with the development process needs consideration. The lack of specific information regarding existing infrastructure, potential complications during the development process, and associated costs should be carefully evaluated before any purchase. The provided images of the land clearly show it is undeveloped and in need of significant work before development can commence. The absence of property details like square footage limits a precise evaluation of the price per square foot and the overall valuation of the land, but considering the planning permission and land size, the asking price may be within a reasonable range for a development project. Investors will need to undertake thorough due diligence to assess all potential factors including planning conditions, associated costs, and market conditions before committing to purchasing the land.

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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