Sage & Co Auctions says ..

Property Oracle says ..

This property is a plot of land located in Pengam, Caerphilly, currently listed for £4,500. The site appears to include several dilapidated structures and a significant amount of overgrown land. Photographs reveal a substantial quantity of waste and debris, suggesting the need for extensive clearance and site preparation before any potential development could begin. The land is sizable, suggesting development potential. The location offers proximity to schools, such as Lewis School Pengam (0.75km) and several primary schools (within 1km), and train stations, including Gilfach Fargoed (1.03km) and Pengam (1.40km), making it potentially appealing for families or commuters. However, the immediate surrounding environment appears somewhat run-down. The low price point makes it attractive for buyers prepared to undertake a significant renovation project or land redevelopment, but the costs associated with clearance, potential demolition, and redevelopment will need careful consideration. Buyers should conduct thorough due diligence before making a purchase offer, including an assessment of planning permissions and environmental liabilities. Given the land’s current state, substantial investment will be required before it can be utilised, hence this should be considered alongside the relatively low purchase price.

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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