Copelands says ..

Property Oracle says ..

This listing presents an opportunity to acquire a building plot in the desirable Walton area of Chesterfield, Derbyshire. The plot is sizeable at 471.66 square meters and includes space for a garden, as per the provided plans. The plans detail a proposed three-bedroom, single-story house with a garage. The location offers proximity to Chesterfield town centre, the Peak District, and a train station, making it conveniently situated. However, there are some factors to consider before making a decision. The area’s school ratings aren’t fully detailed, and precise amenities within close proximity need further investigation. This building plot requires full construction, which introduces inherent costs, risks and uncertainties. Given the absence of nearby similar listings, and the price being substantially lower than houses in the area, the total cost of purchasing and completing the build must be fully considered. The £50,000 listing price should be viewed as the starting point of what is likely to be a much larger investment, making due diligence regarding planning permissions, building regulations, construction costs, and the local market essential to a thorough evaluation of this property. Potential buyers should also research the implications of building on the site, potentially including additional charges and logistical considerations. Comparing the price against other plots and the cost of new builds in the area will be essential to evaluate its long term value.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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