LSL Land & New Homes says ..

Property Oracle says ..

This listing is for a development opportunity, not a single property. The land is located west of Hallfield Drive in Easington Village, County Durham, and has full planning consent for 38 new homes (a mix of 2, 3, and 4-bedroom properties). This represents a substantial project. The area offers reasonably good access to schools, with several nearby options having positive Ofsted ratings. Proximity to Seaham provides some commuting opportunities. However, it is important to note that Easington Village itself is a smaller town, so amenities might be limited compared to larger urban centers. The listed price of £700,000 is for the entire land parcel and planning permission, not a single home. This price needs to be considered in the context of the potential for development and the associated risks and costs involved. A comprehensive market analysis, including projections for construction, marketing, and sales, will be required to fully evaluate the financial viability of the project. It is crucial to conduct thorough due diligence on various aspects, including the local market conditions, construction costs, building regulations, and potential sales prices for the new homes before making an investment decision. This analysis is based on available information but does not constitute professional financial or property investment advice.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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