Kivells says ..

Property Oracle says ..

This property in Zeal Monachorum, Devon, presents a development opportunity rather than a ready-to-move-in home. The listing details indicate plans for the demolition of existing agricultural buildings and the construction of three new detached dwellings. The location is desirable for those seeking a rural lifestyle with access to surrounding towns and villages with better amenities, including schools and train stations, albeit a short drive away. The existing buildings shown in the photographs, although present, are not described as being of inherent value. The land itself constitutes the primary asset, offering substantial space for the proposed development. The £450,000 list price reflects the potential return on investment after completing the construction project. However, potential buyers should carefully factor in the significant costs associated with demolition, planning permission, construction, and related fees before making an offer. The absence of details regarding the size and specific features of the proposed new dwellings necessitates a cautious approach to valuation. Overall, this property is a high-risk, high-reward investment opportunity targeting buyers with relevant development expertise and experience.

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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