McEwan Fraser Legal says ..

Property Oracle says ..

This property presents a unique investment opportunity in Wishaw, North Lanarkshire. The listing describes an outstanding development opportunity, highlighting its potential. The sizable 2,744.80 sqft plot provides ample space for various developments, benefiting from its proximity to several train stations. However, the current state of the property is a significant factor to consider. The provided photos depict a dilapidated structure, overgrown with vegetation and surrounded by debris, clearly showing it requires substantial renovation or complete demolition and redevelopment. The surrounding area exhibits a mix of property types and values, suggesting a varied neighborhood. While the list price of £60,000 may seem initially low, the substantial costs of renovation or rebuilding must be taken into account before concluding on its true value. Potential buyers should carefully assess the scope of work needed before making a decision, and seek expert advice to ascertain a realistic budget for this project. The lack of detailed information on nearby schools and amenities also presents a factor that future buyers must investigate. The property is clearly a project with high risk, but also high reward for investors and developers.

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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