Wingetts says ..

Property Oracle says ..

This property is a plot of land located on Chapel Street in Acrefair, near Wrexham, Wales. The listing provides details of nearby amenities including schools (Ysgol Acrefair being particularly close), and train stations at Ruabon and Chirk. The land itself is currently undeveloped, characterized by overgrown vegetation as shown in the provided photographs. There is a clear need for significant site preparation work, including clearing the vegetation and potentially addressing the sloping terrain. The photos show substantial vegetation that needs clearing before any construction is even considered. The absence of key details such as the plot size and square footage makes a comprehensive evaluation challenging.

Given the lack of a structure, the listed price needs to be critically analyzed. A comparison with nearby property prices reveals that properties with existing structures command significantly higher values. Therefore, the asking price of £100,000 should be considered in relation to the projected development costs, including site clearance and preparation, actual building work, and additional associated costs. The actual final cost would significantly outweigh the purchase price presented.

Prospective buyers should carry out detailed site surveys, obtain necessary planning permissions, and thoroughly estimate the total costs of preparing the land and developing a structure before committing to a purchase. This is crucial as costs associated with such a project will outweigh the asking price. While the location offers some positive attributes (proximity to school, transport links), the condition of the land and the lack of specific details raise significant concerns. Due diligence is essential in this instance.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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