Peter Morgan says ..

Property Oracle says ..

This property listing on Princess Street, Maesteg, is for a residential development site. The site has planning permission for seven detached homes, including a mix of three and four-bedroom properties. The location in Maesteg offers proximity to local schools and transport links, including train stations. However, Maesteg itself is a smaller town. The land is undeveloped, requiring significant preparation and construction before the development can be realised. The listing price of £300,000 needs further investigation to determine the value for money, given the need for construction costs. The current state of the site shows undeveloped land with vegetation and some debris. There’s evidence of past activity and uneven terrain. While the planning permission offers a degree of certainty, the financial viability and market appetite for this type of development in Maesteg require careful consideration. Ultimately, the final assessment of the overall property relies on the ability to accurately ascertain all costs associated with the plan’s execution, and the final value of the individual houses within the scheme following construction and sales.

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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