Dafydd Hardy Commercial says ..

Property Oracle says ..

This listing presents a rare opportunity to acquire a building plot in the sought-after coastal town of Criccieth, Gwynedd. The land boasts impressive views of the sea and the Criccieth Castle. The plot is relatively level and appears to have some initial groundwork completed, such as fencing. The location is highly desirable, offering proximity to local amenities, schools (Ysgol Treferthyr is within a short distance), and transportation links (Criccieth train station is under a kilometer away). Criccieth itself is a popular tourist destination known for its scenic beauty.

The price of £250,000 needs to be considered in conjunction with the costs of building on the land. While the site is appealing, potential buyers will need to factor in construction costs, planning permissions, and associated fees, potentially significantly increasing the overall cost of the project. Without knowing the square footage of the proposed development, it is challenging to assess the value per square foot. However, comparing this price to other plots in the area and nearby house prices, the land price is within the reasonable range.

Overall, this plot offers considerable potential to create a high-value property in a prime location, however, purchasers must conduct thorough due diligence on construction costs and planning requirements before proceeding. Further investigation would be needed to definitively assess the true value proposition.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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