Simon Blyth says ..

Property Oracle says ..

The property is a barn conversion located in Newton-on-Ouse, North Yorkshire. The list price is £180,000, with a plot size of 5,522.96 sqft and 1,435.91 sqft of internal space. The location is rural, situated close to Linton-on-Ouse Primary School (1.84km) and other schools within a 6km radius. Hammerton train station is 9.02km away. While the immediate vicinity appears quiet, the proximity to schools and a train station could be considered positive aspects for families or commuters. However, the lack of immediate amenities might be a drawback for some buyers. Based on the provided photographs, the barn is currently in a state of disrepair requiring substantial renovation. The interior shows a large, open space with exposed beams and some stored materials, indicative of a building requiring significant work before it becomes habitable. The exterior shows a concrete and corrugated metal structure. The property includes a sizeable plot of land (5,522.96 sqft), offering ample space for landscaping and potential future development, which is a significant positive aspect. Considering the average house price in the area is £436,818 and the average price per sqft is £302, the list price of £180,000 for this barn conversion appears significantly lower. However, it’s crucial to remember that this is a barn conversion project, requiring extensive renovation work. Therefore, while the price seems low compared to finished properties, the substantial costs associated with converting the barn into a habitable dwelling must be factored in to determine the overall value. The final cost could potentially bring the total investment closer to the average property price in the area, making the initial list price more reasonable when considering the scale of the project.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images