Barton Kendal Residential says ..

Property Oracle says ..

This property listing presents a development opportunity for five luxury houses on a substantial 1.7-acre plot in Bamford, Rochdale. The location is described as prestigious and benefits from proximity to well-regarded schools and train stations. Planning permission has already been granted (Application Reference: 23/00280/VRCON), reducing risk for a developer. However, the site currently features existing buildings in poor condition which will need to be demolished. The land requires significant preparation before construction. The list price of £1,750,000 is high, but justifiable considering the size of the land, its location, and the already secured planning permission. The lack of detailed information on the existing buildings and potential site remediation costs prevents a more precise valuation. Overall, this is a high-risk/high-reward investment that would appeal to a developer interested in high-end housing projects in a sought-after area. Potential buyers need to conduct a thorough due diligence process, including site surveys, detailed cost assessments, and consultation with relevant professionals to accurately assess the viability of this development opportunity. The financial success hinges on construction costs, sale prices of the completed houses, and market demand in Bamford at the time of completion. Therefore, experienced developers or investors are best positioned to evaluate this project. Further investigation is strongly recommended before committing to the purchase.

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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