YOUR MOVE Chris Stonock says ..

Property Oracle says ..

This property in Hetton-le-Hole, Sunderland, is listed as land with garages for £120,000. The listing highlights the significant plot size and the potential for development, which is a key aspect to consider. The land appears reasonably sized with a shed and garages. The images reveal a fairly large garden area that seems somewhat unkempt, with visible tire tracks and leaf litter. The garages appear to be in reasonable structural condition. While the location benefits from being near schools with good Ofsted ratings, more details are needed regarding transportation and local amenities to gain a clearer picture of its overall desirability. Crucially, the lack of a house and lack of nearby comparables, makes a definitive valuation of the property’s suitability very difficult. The price seems appropriate, given the size of the land and the potential for development, but this is significantly dependent on gaining the necessary planning permissions. It would be advisable to conduct thorough due diligence, including obtaining local planning policies and exploring any potential development constraints before any purchase commitment is made. The price is seemingly suitable considering the lack of nearby comparables and the potential for development. Further investigation into planning permissions and potential development costs is essential to inform an investment decision. The lack of other information, such as details of planning permissions and building regulations compliance, creates uncertainty that limits the ability to provide a completely comprehensive analysis.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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