Albert Street, Lees, Oldham
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Albert Street, Lees, Oldham

By Wild & Griffiths

£ 150,000

Reviews

2 out of 5 stars

Wild & Griffiths says ..

Freehold development site on Albert Street, Lees with planning permission under application number FUL/350279/22 for 2 no, 2 bedroom, detached bungalows. The properties will 66.44 square metres/715 square feet on site extending to circa 590.5 square metres close to the Village Centre. The propert...

Property Oracle says ..

This listing is for a freehold development site in Lees, Oldham, with planning permission for two 2-bedroom detached bungalows. The location in Lees offers a blend of village life with good access to transport links towards Oldham and Manchester. Proximity to well-regarded primary schools adds to its family appeal. While the specific size of the plot isn’t explicitly given, the site plan illustrates sufficient space for the proposed development of two bungalows. Nearby property prices appear to range significantly, from around £71,000 to £260,000, but these listings are not directly comparable, being existing homes rather than a development plot. The asking price of £150,000 for a development site requiring construction presents both an opportunity and potential risks for buyers. Therefore, a comprehensive feasibility study evaluating construction costs, potential rental yield, and eventual resale value is crucial before making any investment decisions.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
1
Location
7
Land
6
Bedrooms
0
Bathrooms
0
Marker
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Agent Activity

  • Wild & Griffiths marked this listing as sold.

  • Wild & Griffiths created the listing.

Images

Image of the front FLOOR PLAN SITE LAYOUT DESIGN