While the list price seems relatively low for a five-bedroom property based on the average prices of nearby streets, the need for extensive construction (building from scratch) offsets this low price. It would be prudent to consider construction costs before determining whether this is a reasonable price considering the work and costs needed to make the plot habitable.

The property is a building plot. The images provided show undeveloped land, indicating it is not in a habitable state and requires significant construction before it can be occupied. Thus, the condition is very poor. The presence of an existing structure (a barn) that needs significant work could be considered a negative or a positive depending on plans.

The property is situated in Ingol & Cottam, Preston, an area with generally good schools (several ‘Good’ Ofsted-rated primaries within a mile radius), and relatively close proximity to Preston train station (5.88km). The average price of nearby streets indicates a reasonable level of desirability, although this varies considerably. Access to major transport links is a plus.

The substantial plot size (indicated by the site plan and images) is a major strength. The building plot offers significant potential for building a substantial five bedroom home. The availability of a separate barn for possible conversion represents added land value.