Lime Property says ..

Property Oracle says ..

This listing is for a development opportunity on 8th Avenue, Orchard Park, Kingston upon Hull. The property consists of a plot of land with planning permission to build nine dwellings. The location is within Orchard Park, a larger residential area in Hull. While nearby amenities including schools with a ‘Good’ Ofsted rating are present, the character of the area is that of a large council estate. The images reveal that this is a large plot of undeveloped land, currently somewhat overgrown. There are no existing buildings or structures on the property. The surrounding areas shown in the photos display typical residential housing of an estate environment. The absence of information about the property’s exact square footage and the lack of built structures makes a precise valuation per sqft challenging. However, considering the development potential of nine dwellings and comparing it to prices of similar properties in the surrounding areas, the asking price appears relatively reasonable for a development of this size. Further investigation into planning permissions and local development costs will ultimately determine the viability and return on investment for this project. It’s crucial for potential buyers to perform due diligence, encompassing site surveys, and detailed cost assessments before committing to the purchase. The current state of the land suggests a need for clearing and preparation before construction can commence.

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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