Sage & Co Auctions says ..

Property Oracle says ..

This property is a plot of land located in Pillgwenlly, Newport, listed for sale by auction. The images reveal a relatively small, unimproved piece of land situated in a residential area. The land appears to be undeveloped, showing signs of neglect, including some graffiti. The immediate surroundings show a mix of housing, from older terraced properties to more modern buildings. The area’s overall condition may be considered less desirable than some other parts of Newport. However, the property’s proximity to schools, the city centre and relatively close to Newport (South Wales) train station could be considered positive attributes. The lack of specific details regarding the plot’s size and soil conditions hinders a comprehensive analysis of its development potential. Comparing the list price to other nearby properties and noting that the area requires significant work in the overall view of the property, this will require a buyer with specific experience and a high tolerance for risk and the potential costs involved with groundworks and planning approvals before any development of the land could be considered. The property is being sold via auction, which increases the level of risk involved in the purchasing process and makes it an attractive opportunity for investors who can identify and mitigate these risks.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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