Beresford Adams says ..

Property Oracle says ..

This listing represents a development opportunity rather than an existing property. The site on Blackwood Road, Bacup, has obtained planning permission for the construction of 41 new dwellings. The artist’s impressions show a development of modern, attractive properties in a stone-built style which is well-suited to the area. The development appears to include a communal green space, potentially providing an attractive shared amenity for residents. The immediate vicinity of Stacksteads offers various advantages including Bacup Holy Trinity Stacksteads Church of England Primary School, an ‘Outstanding’ rated school, and St Joseph’s Roman Catholic Primary School, which is within reasonable proximity. However, the current absence of detailed information, particularly on the square footage, exact number of individual units, and the individual plot sizes, makes it difficult to give a definitive analysis of value. The price of £1,500,000, while reflecting the value of planning permission, appears significantly higher than the price of existing properties in the surrounding area, making the value questionable. Further investigation would be needed to establish the feasibility of development profits given this purchase price.

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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