Fisher German says ..

Property Oracle says ..

This property in Penley, Wrexham, is a substantial landholding of approximately 1.67 acres, featuring a group of dilapidated buildings. The site’s potential lies in its development opportunities rather than its current state. The location in Penley offers a degree of convenience with proximity to schools but requires further investigation regarding the accessibility of shops and other amenities, as well as public transportation. The existing buildings are clearly in poor condition and would necessitate significant investment, demolition, or substantial renovation. The asking price of £500,000 reflects the significant land value and the potential for residential development, but the risk and costs associated with site clearance and potential planning applications need to be considered. Given the current state of the buildings, this should be considered a development site and is suitable for those familiar with the planning process in the UK. The absence of specific property details like square footage and number of bedrooms and bathrooms suggests the value is chiefly tied to the potential of the land. The surrounding area shows a variety of property prices, providing some context but not enough to definitively state value. Further due diligence concerning planning permission and local market analysis would be advisable before making an investment decision.

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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