Independent Estates says ..

Property Oracle says ..

This listing is for a development site located at 1 Barons Road, Motherwell, in the ML1 postcode area of North Lanarkshire, Scotland. The site has approved planning permission for the construction of eight, two-bedroom apartments. The property’s key strengths lie in its location near several train stations, increasing its accessibility. However, information about nearby schools and amenities is currently unavailable. The existing site is undeveloped land, meaning there is no standing structure for evaluation. Nearby property prices vary considerably, from small flats at under £50,000 to detached bungalows exceeding £250,000, indicating that the immediate area has a wide price range. The price of this property must therefore be evaluated in terms of development potential, rather than the current state of the plot. The relatively low list price of £85,000 for a site with planning permission for eight apartments may indicate a good investment opportunity; however, this would depend on future construction costs, market conditions, and sales prices of finished units. Therefore, a comprehensive feasibility study would be advisable before purchasing.

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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