Martin & Co says ..

Property Oracle says ..

This property is a development opportunity consisting of a substantial plot of land located on Sussex Road in Layton, Blackpool. The site has planning permission for multiple residential units as shown in provided documents. The location offers reasonably good access to transport links (Layton Train Station) and local schools. Several nearby schools with varying Ofsted ratings indicate a mix of educational choices for potential future residents, although, it’s worth noting that Blackpool isn’t considered a high-demand area by many.

The architectural renderings present a visually appealing modern development, although this is based on visual representations and does not reflect the actual quality of the development once built. The significant size of the land represents a considerable asset of this development opportunity, as it holds the potential to construct several residential properties.

Determining the value of this property ultimately depends on the projected development costs, local market conditions, and successful sales of the properties to be built once completed. The listed price of £450,000 requires further analysis. This could prove to be exceptionally good value if the proposed development yields strong returns once completed; however, this is dependent on the market conditions at the time of sale.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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