Sage & Co Auctions says ..

Property Oracle says ..

This listing from Sage & Co Auctions presents an opportunity to purchase a plot of land situated on the south side of Bassaleg Road in Newport, Gwent. The land is being sold via online, unconditional auction. The exact size of the plot is not detailed, but the provided map illustrates a somewhat irregularly shaped area.

The location, although on a main road, is reasonably close to several primary schools, making it potentially attractive to families. Transportation links are also available via train stations in Newport and beyond.

Since the sale is for the land only, there is no existing property to assess. No information is given concerning the land’s potential usage. Whether the buyer would need planning permission to build or develop the land is not specified. This information would greatly impact the overall assessment.

The price of £13,500 is not unreasonable given the area’s property prices and the fact that it is a land sale. However, without more data, the price-to-value ratio is difficult to determine with certainty. Due diligence is crucial before making a purchase decision.

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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