A & G Land & Property Agent says ..

Property Oracle says ..

This property is a 2.5-acre plot of land situated in St Peter’s Basin, Newcastle upon Tyne. The location offers some attractive features, such as relative proximity to Newcastle city centre and good transport connections to Heworth, Manors, and Newcastle train stations. There are also several primary and secondary schools within a reasonable distance, including the highly rated Byker Primary School. However, the immediate surroundings appear neglected, as evidenced by the photographs, showing significant amounts of litter, overgrown vegetation and dilapidated structures. The images depict a neglected space in need of considerable clearing and preparation before any development can begin. The lack of any existing structure means that this is a purely undeveloped plot of land. The sale is described as being by public auction, which is a common method for selling development land. This requires that a buyer has prepared funds ready and understands the risks associated with acquiring such a property. There is no information available on local planning permissions and restrictions in the area. The lack of detailed information on current market values for land, specific planning permission, and development costs makes a fully informed assessment challenging. Nevertheless, the size of the land and the desirable area suggest potential for future development.

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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