Petty Estate Agents Limited says ..

Property Oracle says ..

This listing is for a large undeveloped land plot at Station Road and Whitemoor Road, Foulridge, Colne, Lancashire. The site, formerly occupied by a light manufacturing factory, has been cleared and levelled, ready for development. Aerial photos show a sizable parcel of land, which potentially allows for substantial development, according to the site masterplan provided. The property benefits from a relatively convenient location within Foulridge, a village location known for its attractive character and proximity to amenities including well-regarded primary schools. There are nearby rail links and several nearby streets with varied average pricing, indicating a range of housing in the area. The listing price of £650,000 represents a significant investment, demanding substantial capital for the construction of any property on the land. The lack of any existing structures necessitates a considerable outlay for development, which must be carefully considered against the potential returns offered by the location and size of the plot. In summary, this property is a development opportunity with both potential and risks, depending on the developer’s feasibility study, building costs, and market demand. The lack of crucial details such as the exact plot size and the necessary planning permissions could hinder the overall assessment of the investment opportunity. Further due diligence is crucial for potential buyers.

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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