Bradley Hall says ..

Property Oracle says ..

This property listing presents a plot of land located on Front Street, Hetton-le-Hole, in the Houghton-le-Spring area of Tyne and Wear. The absence of a structure means this is a development opportunity rather than a ready-to-move-in property. The plot is situated in a residential area with relatively close proximity to a selection of primary and secondary schools, some of which hold good Ofsted ratings. This suggests a location that could be attractive to families. However, information on public transport accessibility is lacking, which is a factor that would influence the overall desirability for potential buyers. The aerial view shows a sizeable plot of land in what seems to be a fairly developed neighbourhood, although further details are needed on the specific zoning regulations and the potential development plans for the area. Comparing the asking price to nearby property sales reveals a notable disparity. The average house price in surrounding streets, whilst varied, is noticeably lower than the £300,000 asking price for this vacant plot of land. The lack of specifics regarding plot size and any planning permission complicates a precise valuation. While the location holds some appeal due to its proximity to schools, the high list price and lack of building make the financial viability of this development opportunity uncertain without significantly more information. Further investigation into planning permissions and potentially soil surveys would be necessary for a prospective buyer before making an informed decision about purchasing this plot. It is also worth noting that the absence of bathrooms and bedrooms is expected, given the vacant land nature of the property.

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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