Corrie and Co Ltd says ..

Property Oracle says ..

This listing presents a unique opportunity in Barrow-in-Furness, Cumbria. It’s not a traditional house sale but rather a sale of land that includes an existing property. The land, which comprises a substantial plot, is currently available for development. The existing house appears older and may require renovation or even demolition. The location is advantageous, being close to a school, Yarlside Academy, and Roose train station, offering convenience to residents. However, the lack of information regarding the square footage of both the house and the land makes a precise valuation difficult. The price reflects the land’s development potential rather than the existing structure’s condition, making it a high-risk, high-reward investment. Further investigation into the planning permission status (expired outline planning permission) and its potential for renewal is crucial before committing to a purchase. Given the proximity to local amenities and transportation, the overall location is good. The condition of the land is satisfactory, although the existing house shows signs of age and potential need for maintenance. The extensive land offers a great potential return on investment in the long term, if planning permission can be secured. Buyers should consider the associated costs of any necessary renovations or development, and the inherent risks of planning permission processes.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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