Bowen Son and Watson with Kent Jones says ..

Property Oracle says ..

This listing presents a development opportunity in Penycae, Wrexham, specifically a plot of land on Afoneitha Road with approved reserved matters planning permission. The plot extends to approximately 0.35 acres and has undergone a recent extension of its planning permission. The planning permission allows for the construction of new homes, as indicated in the provided architectural plans. The proximity to the River Afon Eitha is a notable characteristic that could impact site preparation and construction, and may also influence the appeal of the final development to buyers.

The nearby listings show that house prices in the area vary significantly, ranging from £7,500 to £425,000. This demonstrates wide variability in the type of property, size, and condition. The average prices for nearby streets, such as Trem-y-Berwyn and Mill Lane, provide some context, but this data is incomplete and does not allow for reliable price per square foot comparisons. Thus, making accurate calculations for the land price is not possible.

Transportation options are fairly good, with several train stations within a reasonable radius. Schools such as Ysgol Hooson and Ysgol-Y-Grango are nearby, serving primary-age pupils. The provision of the transport and nearby educational establishments should attract families looking to move into the area.

Overall, this presents a potential development opportunity with some advantages, such as the approved planning permission and relatively large plot size and transport connections. However, prospective buyers will need to factor in the cost and risks associated with new builds and site-specific considerations (such as proximity to the river and road). A detailed cost analysis including factors such as site preparation, building costs, and potential sale prices of the completed properties is necessary to make an informed decision on the financial viability of this purchase.

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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