Wilkinson Grant & Co Land & Investment says ..

Property Oracle says ..

This property in Broadclyst, Exeter, presents a unique investment opportunity. The listing includes both an existing three-bedroom terraced house and a residential development site with potential for up to seven new dwellings. The existing house seems to have undergone renovations, featuring a modern kitchen and bathroom, as evidenced by the provided images. The property also boasts a large garden area, visible in the aerial view, exceeding the size commonly associated with terraced houses in this area. The location is advantageous, with proximity to Cranbrook railway station and multiple schools, though the overall quality of surrounding areas needs further research before definitive conclusions can be drawn. The lack of precise square footage data for both the existing property and the development land makes a definitive price-per-square-foot analysis impossible. However, the list price of £850,000 does seem to reflect both the value of the existing house and the considerable development potential. The significant land parcel associated with the property and the multiple options to create an income stream contribute to this overall value. A professional survey is recommended to assess the property’s condition, and detailed planning permission exploration is needed to understand the true development potential and subsequently establish a clearer picture of value and risk. The property’s suitability for individual buyers and developers would vary heavily based upon their specific needs and investment strategies.

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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