Cullen Kilshaw says ..

Property Oracle says ..

This listing presents a plot of land in Eshiels, Peebles, with outline planning permission granted for a four-bedroom house. The location within the picturesque Eshiels hamlet offers a tranquil setting near the attractive market town of Peebles in the Scottish Borders. The property boasts a relatively large plot size, making it suitable for a new build. However, it’s crucial to note that the land is currently undeveloped, possibly requiring substantial groundworks and potentially demolition of existing structures. The absence of specific information on plot size, and the lack of details about the current state of the land (e.g., ground conditions, presence of utilities) necessitates further investigation before any development can be undertaken. The asking price is a noteworthy aspect of the property’s value. While there is outline planning permission, the cost of developing the site to the full extent of the plans needs to be factored into the final valuation to accurately reflect the property’s true cost. Potential buyers should carefully consider all associated costs, including but not limited to groundworks, construction, and professional fees, before making an offer. Further due diligence is highly recommended to obtain a thorough understanding of the potential costs associated with this development project before committing to purchasing the property. The absence of nearby property details, transportation information, and schools limits a comprehensive assessment of the property’s overall market value.

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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