Cardwells Sales, Lettings, Management & Commercial says ..

Property Oracle says ..

This property listing presents a parcel of land in Facit And Shawforth, Rossendale, Lancashire. The land, approximately 1 acre in size, is currently undeveloped and requires substantial preparation before any construction can begin. Photographs depict overgrown vegetation and an unpaved access road. The listing highlights the need for planning permission, a crucial factor prospective buyers should carefully consider. The low list price of £15,000 is noteworthy. While the initial cost appears attractive, potential buyers must factor in the costs associated with obtaining planning permission, site preparation, and subsequent construction. The location, while offering proximity to schools, is relatively distant from major train stations. This could be a significant factor for potential buyers depending on their commuting requirements and lifestyle preferences. Nearby property prices vary considerably, ranging from £75,500 to £375,000, suggesting a diversity of housing options and price points in the immediate vicinity. This property’s value lies primarily in its potential, with future value strongly contingent upon successfully navigating the planning process and completing any necessary groundworks. The absence of square footage information for the land itself limits a complete assessment of the value proposition, but the acreage and listed price point suggest a good investment opportunity for those with development experience and an appetite for risk.

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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