Lester & Bingley says ..

Property Oracle says ..

This listing is for a 6.1-acre undeveloped plot of land situated on Bridge Street, Seaton Burn, North Tyneside. The location is relatively convenient, with nearby schools (although Ofsted ratings vary), and transport links to Newcastle. However, the immediate vicinity doesn’t offer many high-end amenities.

The significant selling point is the substantial land size, presenting a considerable development opportunity. The absence of any existing structure on the land means there’s no existing building to assess. The listed price of £50,000 is significantly lower than nearby residential properties; given the area’s average property prices are several times higher. This suggests that the land’s value is chiefly determined by its size and development potential. However, potential buyers should conduct their own due diligence on planning permission, environmental assessments, and potential development costs before committing to a purchase. The lack of information regarding existing services or utilities on the site may also affect development costs. Overall, this is a substantial undeveloped plot with significant potential, but its attractiveness will vary depending on an individual’s financial circumstances and investment strategy. Prospective buyers should carefully consider their intentions before making an offer.

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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