CORRIE AND CO LTD says ..

Property Oracle says ..

This property is a land plot located in a central area of Barrow-in-Furness, Cumbria. The listing highlights its potential for development, suggesting the possibility of constructing either three-bedroom houses or an apartment block. Its proximity to BAE Systems is mentioned as a positive factor, potentially attracting investors. However, the provided photographs show a site currently cluttered with debris and requiring significant cleanup before construction. This presents a significant upfront cost that prospective buyers should factor in. The listing mentions obtaining planning permission, indicating that this is yet to be secured. This uncertainty adds a layer of risk to the investment. Nearby comparable properties are mostly smaller units (flats and terraced houses), thus making direct price comparison challenging. The presence of several schools within a kilometer radius is a positive aspect, as is the nearby train station. A detailed analysis would require information on the plot’s exact dimensions and the associated costs of obtaining planning permission and preparing the land for development. The absence of bathrooms and bedrooms suggests the property is a development opportunity only.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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