Marie Holmes Estates says ..

Property Oracle says ..

This listing is for a plot of land located on Back Grimshaw Street in Preston city centre. The property is currently derelict, requiring substantial site clearance and preparation before any development can commence. The images show the land to be littered with debris and overgrown vegetation. Despite the poor current condition, the location is a strength. It is close to Preston’s city centre, with good access to local amenities, transport links including Preston railway station, and a number of schools, including those with ‘Good’ and ‘Outstanding’ Ofsted ratings. However, the immediate vicinity of the plot appears neglected and may have environmental issues. The price of £10,000 might represent relatively good value for a city centre plot given the potential for future redevelopment, though this is contingent on the exact size of the plot and the actual costs of remediation. Further investigation would be necessary to ascertain the true value and feasibility of any proposed development. Potential buyers must carefully weigh the risks and costs associated with this project before committing. The lack of specified square footage for both the building and land makes assessment of value per square foot impossible.

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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