Lot 3 Penston Farm, Macmerry, East Lothian, EH33
By Galbraith
£ 650,000
Reviews
3 out of 5 stars
Galbraith says ..
An area of land extending in total to about 17.61 Ha (43.51 Acres) located to the east of Macmerry and west of Macmerry Industrial Estate. Land with possible longer term development in relation to the settlement boundary of Macmerry subject to obtaining necessary planning consents.
Property Oracle says ..
This listing presents a significant opportunity for development, given the substantial land area of approximately 17.61 hectares (43.51 acres). The location, near Macmerry Industrial Estate, may be attractive to developers interested in commercial or industrial projects. However, the absence of residential amenities and proximity to an industrial estate would need to be considered. The property’s condition is good for undeveloped land. The price of £650,000 requires further investigation to establish true market value, given that there are no comparable recent sales data for similar land plots. A thorough due diligence process, including verifying planning permissions and potential development constraints, is required before making any investment decision. The lack of details regarding specific features and potential development plans should be investigated to fully ascertain the value proposition.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 7
- Location
- 4
- Land
- 8
- Bedrooms
- 0
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 776,250.00 £Increased by 102.63 %
- Average area rental value
- 1,000.00 £/moDecreased by 13.04 %
- Est rental Yield
- 1.55 %Decreased by 56.94 %
- Crime Rate
- 0.00 %
Agent Activity
Galbraith created the listing.
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| U119 | £ 7,337,500 | 0 | 0.00 KM |
| Greendykes Road | £ 0 | 0 | 0.00 KM |
| Mcintyre Lane | £ 0 | 0 | 0.00 KM |
| Appleby Drive | £ 299,600 | 0 | 0.00 KM |
| Grant Crescent | £ 325,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Longniddry | 9354 | LND | 4.04 KM |
| Prestonpans | 9366 | PST | 9.28 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| 116 Brierbush Road, Macmerry, EH33 1PU | £ 165,000 | BUY | 6 / 10 | 1.15 KM |
| 29 Merryfield Avenue, Macmerry, Tranent, EH33 1PZ | £ 180,000 | BUY | 6 / 10 | 1.26 KM |
| 39 St Germains Terrace, Macmerry, East Lothian, EH33 1QB | £ 215,000 | BUY | 7 / 10 | 1.31 KM |
| 9 McIntyre Lane, Macmerry, Tranent, EH33 1QL | £ 325,000 | BUY | 7 / 10 | 1.32 KM |
| Brierbush Road, Macmerry, Tranent, EH33 | £ 175,000 | BUY | 7 / 10 | 1.36 KM |