Quadrant Real Estates says ..

Property Oracle says ..

This property at Station Road, Blackthorn, Bicester, Oxfordshire, is a development opportunity centered around a plot of land with existing buildings and lapsed planning permission from 2008 for three 4-bedroom detached houses. The site comprises the ‘Old Depot’, including a main house and outbuildings, which would require substantial work. The location offers a balance: it’s in a relatively quiet village, Blackthorn, but with reasonable access to Bicester for commuting via nearby train stations, Bicester Village and Bicester North. Schools are within a reasonable distance, though not immediately adjacent. The existing buildings are visibly dated and require significant repair and/or renovation. The land itself is the primary asset, with substantial size and potential for redevelopment, pending successful re-application of planning permission. The pricing (£750,000) reflects a substantial investment, taking into account the existing structure’s condition and the need to secure planning permission anew. Buyers would need to weigh the development costs against potential future property values. The property is unlikely to be suitable for someone seeking an immediately habitable home, but is a promising prospect for developers or investors prepared for project management and potential planning hurdles.

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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