William Gleave says ..

Property Oracle says ..

This listing is for a plot of land in Connah’s Quay, Flintshire, with proposed plans for three 2-bedroom apartments. The land is currently overgrown and requires significant work. The location on High Street offers some convenience and proximity to amenities, including Shotton train station which is about 1.7km away, and several schools within a reasonable distance. However, the immediate surroundings as viewed in the images are not well-maintained.

The price of £25,000 is noteworthy, given the lack of existing structure and the required development. A thorough site survey is necessary to accurately assess the feasibility of the project, including factors such as planning permission, potential contamination, and construction costs. Potential buyers should not consider this a ready-to-build location; significant investment and due diligence are absolutely required before commitment. The potential for future value is present, but this is contingent on successful planning and development, alongside any issues which may be found during the development process. There is also no mention of service connections and costs for utilities.

Nearby properties show a wide range of prices, indicating a varied housing market in the area. An analysis of these comparables, combined with a detailed site survey and development feasibility study, would help refine the property’s actual value potential.

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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