Town & Country Property Auctions says ..

Property Oracle says ..

This property is a plot of land located off Parkgate Road in Blacon, Chester. The aerial photographs reveal a substantial, mostly overgrown area with a considerable road frontage. The land appears to be suitable for development, but requires significant preparation, including clearing vegetation. The property is being sold by auction, indicating a potential for competitive bidding and possibly a rapid turnaround.

The location offers convenient access to Chester city centre via main roads, with some nearby amenities. Schools, including an “Outstanding” rated school, are within a reasonable distance, as is the University of Chester. However, the surrounding area predominantly comprises commercial and industrial properties, possibly affecting the desirability of the residential development potential. The lack of specific details regarding the plot size, and absence of any structures or improvements limits the property’s immediate value.

The asking price of £95,000 reflects the potential of the land given its size and location, but also factors in the considerable cost of making it ready for development. This will include significant land clearance, surveys, planning applications, and necessary infrastructure work. Potential buyers should carefully weigh these costs against the property’s potential value after development. The absence of current improvements makes a definitive valuation difficult. Overall, this property presents a high-risk, high-reward opportunity for developers with the necessary resources and expertise to manage the challenges involved in bringing this plot to its potential.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images