Lows Solicitors says ..

Property Oracle says ..

This listing presents a serviced building plot in Burray, Orkney, offering an opportunity to construct a new dwelling. The plot enjoys scenic coastal views, as shown in the provided photographs. While there’s currently no house structure, the land is fully serviced, simplifying the construction process. It’s important to note, that there is no information available regarding the specific size of the plot, hindering an accurate assessment of the land area. This lack of information, along with a lack of information surrounding amenities like schools and transportation, makes the final analysis slightly limited. While there is evidence of construction activity nearby, indicating this is a growing location, potential buyers must factor in the additional cost of new construction. The proximity to Village Road, which has substantially higher average property prices, implies a possible high level of future value. However, it is necessary to research further into the building costs and the implications of living in a remote location to establish if this represents good value. Comparing the listing price to that of other similar plots nearby and considering the planning permission and building warrant already in place suggests that it is reasonably priced. Yet, the uncertainty regarding land size and the absence of property details necessitates cautious consideration before making a purchase decision.

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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