ELP-AM SOLICITORS says ..

Property Oracle says ..

This property listing is for a building plot at 115 High Street, Dunbar, East Lothian. The plot is situated in the town centre, offering a convenient location close to amenities and Dunbar train station. However, the property’s main feature is that it currently consists of the remains of a dilapidated structure, significantly overgrown and requiring extensive demolition and site clearance before construction can begin. Planning permission is in place for a three- or four-bedroom house, indicating future development potential. The nearby listings show that property prices in Dunbar range from £875 (Silver Street) to £200,000 (High Street Flats), suggesting variation based on property type and condition. While the listed price of £95,000 might seem low compared to finished properties, the substantial cost of demolition, site preparation, and new construction should be factored into a buyer’s overall assessment of the property’s value. Potential buyers must carefully weigh the costs and potential returns before committing to this project. The lack of information regarding the square footage and the exact plot size might hamper a complete and thorough financial assessment. The positive aspect is the strategic location and the existing planning permission. Investors and developers experienced in undertaking such projects might find the opportunity worthwhile given the central location and potential value appreciation after completing the build. However, this listing is a high risk, high reward investment opportunity for experienced buyers only.

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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