AB Properties says ..

Property Oracle says ..

This listing is for a serviced plot on Brown Street in Carluke, South Lanarkshire, with approved planning permission for eight flats (a mix of one and two-bedroom units). The plot’s location is relatively convenient, with nearby access to the Carluke train station providing a connection to other areas of Scotland. The nearby streets show a range of property prices, suggesting that the location may have growth potential. However, information regarding the immediate neighborhood and proximity to local amenities and schools is limited. There is no existing property to assess the physical condition of. The site plan shows parking and amenity areas associated with the proposed development. Determining the overall value necessitates further analysis of projected building costs and potential revenue, given the scale of the project (eight flats). The final sale price of the developed units will also dictate whether the current asking price represents value for money. A more detailed analysis of building costs and potential sale prices for similar units in the area would be necessary to make a full assessment of value. Given the scale of the project, it is advisable to seek professional advice from developers and property valuers to understand the viability and risk associated with this investment. Without further data, this property is a high risk high reward option.

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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