Stephanie Macnab Estate Agents says ..

Property Oracle says ..

This listing is for a plot of land located at 86 Victoria Road, Formby, Liverpool. The plot is intended for a self-build project, with architectural plans provided showing a substantial six-bedroom, six-bathroom house with a double garage. The planned property includes multiple floors, with a large ground-floor living space and extensive upper-floor bedrooms. The location is a significant asset, with Victoria Road known as an affluent area. Close proximity to multiple good-rated schools, such as Woodlands Primary School and St. Jerome’s Catholic Primary School, will appeal to families. The nearness to Freshfield and Formby train stations is also advantageous for commuters. The plot’s size appears substantial, although exact dimensions aren’t detailed, allowing for a sizable house and potentially a garden. However, the absence of a built property means the current condition is not applicable, and buyers should factor in the extensive costs associated with the self-build process in their assessment. Nearby properties on Victoria Road and adjacent streets, such as Shireburn Road, command high prices, reflecting the desirable location and possibly supporting the asking price. A detailed analysis of the total construction costs would be necessary to determine the financial viability of the project. The lack of current pricing data for similar plots prevents a more precise valuation. Prospective buyers should carefully review the building plans, obtain detailed cost estimates from contractors, and conduct thorough due diligence before proceeding. The absence of current square footage details is a significant factor in the financial assessment of the property.

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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