Gascoigne Halman Land and New Homes says ..

Property Oracle says ..

This listing presents a development opportunity in Cheadle Hulme, Greater Manchester, a sought-after location with good schools and transport links. The proposed building, based on the architectural drawings, exhibits a modern design. However, the lack of crucial details significantly impacts the analysis.

The list price is substantial, and it’s difficult to ascertain whether it reflects the true market value given the uncertainty around the final property’s size, number of units, and potential rental income. The minimal plot size, primarily dedicated to the new building, is another factor to consider. Further information is needed to accurately gauge the property’s viability as a development opportunity, including detailed planning permissions, projected build costs, and a detailed breakdown of the final unit composition (number of apartments/houses and sizes). Comparables are limited due to the nature of the listing as a plot of land intended for development rather than an existing property. Therefore, a comprehensive financial assessment is necessary before making a final judgment on the development’s profitability and the reasonableness of the asking price. The current information allows only a tentative and incomplete analysis.

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

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