Tom Parry & Co says ..

Property Oracle says ..

This listing presents an opportunity to acquire a building plot in Blaenau Ffestiniog, Gwynedd. The plot is situated adjacent to Moelwyn Motors on the High Street, offering a convenient location. Planning permission has already been obtained for the construction of two three-storey detached houses, each including a garage. The provided site plan and building plans detail the proposed development. The plot itself appears fairly rugged and may need some land preparation work. The photographs reveal the general condition and proximity of the land to the existing garage and the local railway line. Nearby listings provide some insight into the local property market, with terraced houses ranging in price from £40,000 to £150,000, however, these prices cannot be directly compared as they are for existing homes and not building plots. The proximity to schools (Ysgol Y Manod and Ysgol Maenofferen are nearby) and the train station are beneficial factors. The presence of a railway line near the site may either enhance the property’s appeal to buyers depending on their preferences, as may the scenic view. Ultimately, the financial viability of this project will depend on thorough cost analysis, including land preparation, construction, and associated fees, balanced against the expected sale prices of the two new houses. The lack of detailed square footage information for both the plot and proposed dwellings limits a precise financial assessment.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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