Lodge & Thomas says ..

Property Oracle says ..

This property in Polgooth, Cornwall, is a development site with extant planning permission for two dwellings: a three-bedroom detached house and a two-bedroom detached bungalow. The site is currently cleared following demolition, and the images show a plot of land requiring extensive groundworks before construction can commence. The location in Polgooth is generally considered desirable, benefiting from a relatively quiet village atmosphere while remaining near St Austell. Nearby streets show a range of property prices, with average prices varying quite significantly; this suggests a degree of variation within the area, in terms of property styles and sizes. The absence of key property details like the exact plot size and square footage of the proposed dwellings makes a complete assessment difficult, hindering an evaluation of the value per square foot. While the list price of £200,000 might seem reasonable in the context of nearby plot sales, the significant costs associated with construction and site preparation must be carefully considered. Buyers should obtain detailed cost estimates for construction and factor these into the overall investment appraisal before committing. The plans show a relatively standard layout for the proposed buildings, although this could change given further design refinements during construction. Potential buyers should also check the specific conditions and details of the planning permission before proceeding. Ultimately, the appeal of this property hinges on the buyer’s willingness to undertake a significant development project and their ability to manage the financial risks associated with it.

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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