Petty Estate Agents Limited says ..

Property Oracle says ..

This property is a plot of land located on Laithe Street in Colne, Lancashire, listed for £175,000. The listing details indicate that the land has received outline planning permission for nine, three-bedroom dwellings. Aerial imagery reveals a sizable plot of land, currently overgrown with vegetation, suggesting it requires significant preparation before construction can begin. The location is relatively central within Colne, providing convenient access to nearby amenities like Colne Train Station (0.45KM away), several schools within a reasonable distance (e.g., Colne Lord Street School at 0.55 KM), and other local facilities. The presence of previous planning permission is a strong selling point, potentially reducing development risks, but there’s always a need to assess this in detail before making financial commitment. However, the current condition of the land requires significant work. The lack of specifics regarding plot size and square footage makes a precise analysis of land value per square foot currently impossible. Further information about potential development costs, including planning permission details and infrastructural factors, will be needed to fully assess the property’s overall financial viability. The price appears reasonable given the potential for development, but a deeper financial due diligence process is necessary before a final judgement can be made.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images