MAP Estate Agents says ..

Property Oracle says ..

This property in Barripper, Camborne, Cornwall is listed for £110,000. It’s not a residential dwelling; rather, it’s a plot of land with the remains of a building. Images reveal the structure is in a state of disrepair, requiring substantial work, potentially demolition and rebuilding. While there’s outline planning permission for a two-bedroom detached house, it’s important to note this only covers the design stage and does not guarantee planning permission. The potential buyer needs to factor in additional costs associated with obtaining full planning permission and construction. The existing garage may have some residual value. The location is favorable. Barripper benefits from its close proximity to Camborne, offering a good compromise between village life and access to urban amenities. The presence of nearby schools and a railway station makes it an attractive location for families. Overall, this property presents a high-risk, high-reward opportunity. A prospective buyer must possess the financial resources and construction experience to handle a large-scale renovation or be prepared to demolish and build from scratch. There is no information available on the price per square foot due to the lack of complete sq footage and the current state of the property. The list price seems low for the area; however, the scale of work required substantially changes the perception of value. Thorough due diligence is critical, including cost estimates for full planning, material costs, labor, and any potential unforeseen complications before committing to this project. Buyers should be wary of additional costs associated with obtaining full planning permissions. The property would make an ideal project for a first time buyer who does not fear hard work and is seeking a more affordable home once completed. In its current state it would not appeal to a majority of first-time buyers and therefore could potentially remain on the market for a longer duration of time.

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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