The asking price of £650,000 is reasonable in the context of the site’s size and potential, particularly considering similar commercial properties and plots of land in the area. However, the present condition and need for significant investment impact value. The lack of comparable properties in terms of both size and current condition of the build makes a precise valuation challenging. A comprehensive survey and detailed costings for renovation/redevelopment would be needed for a truly informed judgment.

Based on the provided photos, the property appears to be in fair condition. However, many of the buildings show signs of age and disrepair, particularly noticeable in exterior paint and general maintenance of the site. There are several noticeable areas in need of upgrades, leading to a lower score. A full survey would be needed for a definitive assessment.

The property benefits from a semi-rural location in Catforth, close to Preston. While not in the town centre, its proximity to amenities such as the Catforth Primary School (Good Ofsted rating, 1.01km away) and other schools within a reasonable distance makes it appealing. The nearby train stations at Salwick and Kirkham & Wesham offer access to public transportation, though they are relatively far. The semi-rural setting offers tranquility, but limits immediate access to urban conveniences.

The property boasts a significant land area of 3.95 acres, a substantial amount of land for a UK property. This substantial plot size is a significant asset and justifies a high score. This would be of significant interest to commercial and residential developers.