Purplebricks says ..

Property Oracle says ..

This property in Musselburgh, East Lothian, is listed at £120,000 and presents a mixed bag of prospects. It’s marketed as a large L-shaped plot of land with lapsed planning permission for two townhouses. The current structure and garden require significant work.

The location in Musselburgh offers convenience with nearby rail links and various amenities, although the detailed specifics of the surrounding area are limited. The land itself provides substantial space, but is currently neglected, with overgrown areas and dilapidated outbuildings. The absence of provided square footage makes a thorough valuation based on price-per-square-foot impossible. However, the listed price does appear somewhat reasonable when compared to other properties in the area, bearing in mind the considerable renovation and landscaping costs that would be incurred.

Potential buyers should carefully assess the cost of renovation, including the potential demolition and rebuilding of the outbuildings, to determine if it aligns with their budget and goals. The lapsed planning permission may also require further investigation with the local council.

In summary, this is a property with potential but requiring substantial work. Its attractiveness depends greatly on a buyer’s DIY skills, budget and willingness to undertake a significant renovation project. The proximity to amenities and the size of the land are positive factors, offset by its current condition.

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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