Chris Hamriding Lettings & Estates says ..

Property Oracle says ..

This property presents a unique opportunity for developers. It’s a plot of land with existing buildings in need of substantial renovation or demolition, located close to Congleton town centre and the well-regarded Eaton Bank Academy. The large land area provides significant potential for building multiple residential units, suggesting a potentially profitable venture. However, the current state of the property is poor, requiring a large financial investment to become habitable. Furthermore, it is listed as ‘For Sale by Informal Tender’, making it difficult to predict the final selling price, as it would depend upon the bids received by the closing date. Due to this uncertain price, and the fact that the current buildings are not in good order, the feasibility and profitability of the project require careful assessment before any purchase is made. Any buyer should conduct a thorough survey and seek professional advice before committing to a purchase. The proximity to local amenities, and the large potential for development, are balanced by the current state of the existing buildings and the reliance on a tender process.

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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