Landwood Group says ..

Property Oracle says ..

The property is a plot of land located in Workington, Cumbria. The land is situated between Church Street and New Bridge Road. The location is reasonably convenient, with nearby transportation links including Workington train station (0.61 km away). Several primary schools are within a short distance, including St Patrick’s Catholic Primary School (0.27 km) and St Michael’s Nursery and Infant School (0.33 km). Both schools have a ‘Good’ Ofsted rating. The proximity to these amenities could be considered a positive aspect for potential developers. Based on the provided images, the land appears to be undeveloped and largely unimproved. There is some vegetation present. The condition of the land is acceptable for development, though site preparation would likely be necessary. The plot size is not specified, making it difficult to assess the amount of land available. However, the images suggest a sizable area. Further information on the exact plot dimensions would be beneficial for a more comprehensive analysis. The list price of £300,000 is significantly higher than the average house price in the area (£222,851). However, given that this is a plot of land intended for development, rather than a residential property, direct comparison with average house prices is not entirely appropriate. The lack of information regarding the plot size and potential development opportunities makes it challenging to determine whether the price is reasonable. A detailed analysis of potential development costs and projected returns would be necessary to provide a comprehensive evaluation of the price. Further information on planning permissions and potential uses for the land would also be valuable.

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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