Fisher German says ..

Property Oracle says ..

This property in Menai Bridge, Anglesey, presents a unique opportunity with significant potential, but also considerable challenges. It comprises a substantial former community hall and church building situated on a sizeable plot of approximately 0.42 of an acre.

The property’s location in Menai Bridge is advantageous, offering proximity to amenities and scenic views. The relatively close proximity of Bangor and its rail connections is a positive aspect. However, the condition of the property requires immediate attention. Photos depict a building in need of extensive refurbishment, both internally and externally. The interior shows outdated features, and many areas appear dilapidated. The property is clearly in need of a substantial investment to bring it up to modern standards, including complete interior renovation.

The large plot size offers substantial development potential, increasing the overall value proposition. However, potential buyers should be aware that this will involve significant planning permissions and project management complexities. Any development plan will need to consider the property’s existing structure and the local planning regulations. There is currently no information on the specifics of planning permission.

The listed price of £275,000 requires careful consideration. While the land value is significant, the costs associated with the necessary renovations are likely to be substantial, potentially offsetting the attractiveness of the purchase price. Further due diligence into local planning and pricing information is necessary to assess if the price reflects the current value and potential.

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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