Goadsby says ..

Property Oracle says ..

This property in Parkstone, Bournemouth, presents a unique opportunity but also carries substantial risk. The listing is for a property currently under construction or significant renovation. The architectural plans show a two-story house, although the final product is yet to be realized. The current state is far from move-in ready; existing structures are in a state of disrepair, the garden is overgrown, and the site appears cluttered. The absence of bedrooms and bathrooms in the listing indicates this is a development opportunity rather than a finished dwelling.

The location is a positive aspect; Parkstone offers convenient access to transport links and relatively good schooling. However, more investigation is needed to confirm the exact location and verify the nearby amenities. Neighbouring properties are on the higher end of the market, implying the location may be desirable. However, the price point is questionable given the extensive work needed. While the planned house appears well-designed according to the blueprints, there’s a potential for unexpected costs and delays inherent in such projects. A prospective buyer would need a comprehensive understanding of construction costs and a thorough assessment of the property’s current condition to make an informed decision. This is suitable for buyers with development experience and a tolerance for uncertainty.

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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