Stephanie Macnab Estate Agents says ..

Property Oracle says ..

This listing presents a self-build opportunity on a plot located on Victoria Road in Formby, Merseyside. Formby is a sought-after area, renowned for its upscale housing, close proximity to the beach, and excellent local schools and amenities. The plot is well situated, offering convenient access to both local services and Liverpool via nearby train stations. The design plans illustrate a substantial, five-bedroom, five-bathroom house, which would make a very luxurious family home. The property currently exists only as a vacant plot of land, presenting both opportunities and challenges for potential buyers. The advantages lie in the flexibility to design and build a bespoke property to individual needs and preferences; the potential downsides include the cost and complexity of managing a self-build project, and uncertainty of the final build’s quality and time frame. Determining the fair market value is difficult without a built structure and reliable average price-per-square-foot data for plots in this specific area. However, given the location and proposed size, the £995,000 asking price is at least comparable to other properties in the surrounding area, making it appear reasonably priced for this kind of project, although further detailed information is needed for a truly accurate market valuation.

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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