Armitstead Barnett says ..

Property Oracle says ..

This listing presents a unique opportunity to acquire a substantial plot of land in the sought-after location of Walton-le-Dale, Preston. The 4.64 acres of land include private woodland, offering a rare chance to build a custom home in a semi-rural setting while remaining relatively close to amenities. The area is well-served by several good primary schools and has relatively good transport links to Preston and beyond.

The planning permission already in place simplifies the development process, reducing the risks and uncertainties typically associated with building projects. However, potential buyers should carefully factor in all construction and associated costs to ensure a complete understanding of the project’s overall financial implications. This includes architectural drawings, building materials, labor costs, utilities connections, and any unforeseen expenses. The lack of detail concerning the planned structure (such as the square footage and specifications) makes an overall evaluation challenging.

The property’s substantial land area and location are undeniable advantages, suggesting that the asking price reflects market value for similar plots, however, the ultimate value will heavily depend on the design, quality, and build cost of the proposed property. It’s advisable to conduct an independent valuation of the plot and comprehensive cost analysis for the proposed bungalow before committing to the purchase.

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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