The list price of £1,500,000 seems reasonably priced considering the potential development opportunity of 40 housing plots, but without detailed cost analysis of site preparation and construction, a more precise evaluation is difficult. Compared to nearby residential property prices which range between £100,000 - £200,000 it may seem overpriced. The lack of concrete details, including any planning permissions granted, makes a definitive pricing assessment complex.

The land itself appears to be in good condition, based on the photographs provided. The land is largely undeveloped and seems suitable for development. A score of 7 is given reflecting this good condition but acknowledging that the absence of any built structures or infrastructure needs to be considered.

The location scores a 6 due to its proximity to Kirkwall, the main town in Orkney. While it’s outside the immediate town center, its location near Scapa Flow and potential views may prove appealing to buyers. The lack of specific details regarding proximity to schools, transport links, and amenities requires a cautious score. Further information on its location could justify a higher score.

The substantial plot size of 6.6 acres warrants a score of 10. The potential for 40 housing plots signifies significant land value and development potential.