Philip Martin says ..

Property Oracle says ..

This property in the Roseland Peninsula, Cornwall, is listed as a land sale encompassing a barn and a significant amount of acreage. The barn, though structurally sound, appears to be in need of substantial renovation or repair. Photos show signs of age and disrepair both internally and externally. The listing is specifically for land, with no mention of any living quarters or other developed structures, although there is suggestion of potential development. The lack of provided square footage for the land makes an accurate evaluation challenging. The location appears desirable, with a relatively nearby primary school, Veryan Cofe School, receiving a ‘Good’ Ofsted rating. However, the lack of details regarding transportation and other local amenities necessitates some caution. The price of £200,000 needs to be carefully considered in relation to the extent of necessary work to the property, with comparisons to similar properties potentially indicating a reasonable entry price if development was undertaken. The ultimate value will heavily depend on planning permission for any potential development and the cost of such development. Potential buyers should conduct thorough due diligence, including a full structural survey of the barn and land before investing in this property.

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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