Chequers says ..

Property Oracle says ..

This property located on Reading Road, Chineham, Basingstoke, is presented as an excellent development opportunity. The listing highlights its substantial plot of approximately 0.7 acres with a frontage exceeding 200 meters. The existing dwelling, however, requires extensive renovation. The interior photos reveal significant damage and disrepair throughout the house, indicating substantial costs will be necessary before it is habitable. The exterior shows signs of age and neglect. While the large plot is a notable advantage, providing ample space for redevelopment, it must be factored that such projects frequently entail planning permissions and additional costs. The location within Chineham is positive, characterised by a tranquil environment and proximity to well-regarded schools and local amenities. The closeness to transportation links such as Bramley and Basingstoke train stations adds to its convenience. Nevertheless, the significant investment needed for renovation and the currently high list price in light of this need should be thoroughly considered. Prospective buyers should carefully assess the costs of potential renovation versus the value of the developed property, along with the time commitment and related challenges. In summary, the property presents a high-risk, high-reward scenario for prospective buyers willing to take on a renovation project of this magnitude. A full structural survey and professional assessment of renovation costs would be essential before making any offer.

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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