EweMove says ..

Property Oracle says ..

This property is a plot of land located in Streethouse, Pontefract, situated within a residential area, and has planning permission for the development of five one-bedroom apartments. The area offers proximity to a train station and schools, suggesting good connectivity and family-friendliness. The land itself is undeveloped, requiring clearance and construction work before becoming habitable. The photos show a plot that is overgrown with vegetation but appears to be of a reasonable size. This presents both an opportunity and a challenge. The opportunity is in the potential to create several residential units. However, the challenge lies in the development costs and the effort required to prepare the site for construction. The price point is quite low compared to nearby residential properties, suggesting a potentially attractive investment, yet still carrying the risk associated with development projects. The lack of detail regarding potential construction costs and potential rental income from the proposed apartments makes a definitive assessment of the financial viability of the project difficult. Overall, this is a suitable property for buyers with a substantial development background and who are prepared to take on the risk and the workload associated with building five properties from scratch. The potential return on investment is high but dependent on successful and timely construction, as well as market demands for rental properties in the area.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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