E & M Property Solutions says ..

Property Oracle says ..

This property listing is for a development opportunity in Colne, Lancashire, located off Ivegate. The site is a sizeable plot of land currently undeveloped, with planning permission previously granted for the construction of 22 apartments. The location offers proximity to Colne Train Station and several schools with Ofsted ratings of ‘Good’. Nearby streets show a range of property prices, although data is sparse in terms of square footage and this makes accurate comparisons difficult. The images show a mostly cleared site with some existing infrastructure suggesting the need for major development work before any habitable structure can be built. The photographs illustrate the scope of the project, suggesting a substantial undertaking would be required to realise the development’s potential. The list price of £400,000 should be considered in the context of a full development project. The price reflects the value of the development potential, but the current state of the land is not necessarily reflected in the list price alone. Therefore, a prospective buyer should conduct thorough due diligence, including cost estimates for construction, planning considerations, and market analysis to accurately assess the feasibility and potential profitability of the project.

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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