Corrie and Co Ltd says ..

Property Oracle says ..

This property is a residential development land plot in Ulverston, Cumbria, listed at £1,000,000. The land covers approximately 1.83 acres and has planning permission granted in principle for up to 8 dwellings (South Lakeland District Council ref: SL/2022/0460). Ulverston is a thriving market town with good amenities, schools (including several ‘Good’-rated schools within a reasonable distance), and transport links (Ulverston train station is approximately 0.74km away). The nearby streets offer a range of property types and price points, illustrating the varied housing market in the area. The large plot size presents a significant opportunity for developers, but the high list price should be carefully evaluated against construction costs and potential returns, considering the current economic climate and prevailing interest rates. The lack of existing buildings means any assessment of current structural condition is irrelevant. Overall, the property presents a high-risk, high-reward investment opportunity for developers.

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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