Legat Owen says ..

Property Oracle says ..

This property listing is for a large plot of land (0.49 hectares or 1.21 acres) situated in Cynwyd, near Corwen, in the Denbighshire county of Wales. The location is described as semi-rural, offering a tranquil setting with potential views of the surrounding countryside. The nearby village of Corwen provides access to local amenities, although specific transport links are not included in the provided details. Several schools are listed within a few kilometers. However, their quality and distance should be investigated further for the family buyer. The property itself is undeveloped land, presented as a potential residential development site for approximately 15 units. The aerial photographs depict a large, relatively flat, grassed area bordered by residential properties and natural features. There is no existing structure on the land. The list price is £300,000. The lack of readily available comparable recent property sales data specific to this plot size in the area makes a conclusive price-per-square-foot analysis impossible. While the price seems high at face value, the potential for developing multiple residential units could justify this cost given current market conditions. Further investigation into planning permission, development costs, and potential profit margins is crucial for any potential buyer. This property is suitable for developers or investors seeking a project with the potential for a healthy return. It’s critical to conduct thorough due diligence before making an offer. A buyer should consult with planning authorities and obtain multiple cost estimates to ensure a fair purchase price.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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