Richard Turner & Son says ..

Property Oracle says ..

This listing is for a plot of land at 934 Garstang Road, Barton, Preston, PR3 5AD. The land is currently undeveloped and is described as suitable for five caravan plots, according to planning permission. The photos show a relatively flat area of grassland with some scrub vegetation, bordered by hedgerows. The location is rural and lies close to several primary schools but not close to major transportation infrastructure. There’s a lack of information regarding square footage. In comparison to the nearest listed properties, the price seems moderately reasonable, although further information is needed to determine the value per square foot of developed properties. The financial viability of this plot is heavily dependent on the potential development costs and the eventual sale price of the five plots. The lack of details on the specific requirements and restrictions under the planning permission for five caravan plots should be considered. Potential buyers should carefully consider the costs of developing the land into individual caravan plots, including obtaining necessary permissions, groundwork, installation of services, and marketing. This involves considerable risk given the variability in both costs and subsequent sales. Overall, this investment opportunity presents moderate risk. Thorough due diligence is crucial before investing in this project.

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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