Thomas Merrifield says ..

Property Oracle says ..

This property at Cherry Tree Way, Witney, is a four-bedroom, four-bathroom detached house currently undergoing significant renovation and extension. The photos reveal that it is not yet fully completed. Some areas like bathrooms show high-quality finishes. Other spaces, however, are still in the midst of construction, showing exposed plaster, unfinished flooring, and exposed wiring, and need work to be fully finished. The property boasts a double garage with a large extension in the rear with significant glazing offering light. The extension opens onto a relatively modest, enclosed garden. The garden is functional but doesn’t appear to be exceptionally large; its development may potentially add to the overall value. The asking price of £595,000 falls within the range of similar properties on Cherry Tree Way, although it might be slightly higher than comparable properties in completely finished condition. The location in Witney provides access to desirable amenities and schools. The overall value will depend greatly on the final quality and completion of the ongoing works, as well as the subsequent integration of the house’s additions into a cohesive whole. The property is marketed as being suitable for ‘cash buyers only’. This stipulation is indicative of an assumption that the home might have some degree of risk associated with its unfinished state or potentially incomplete planning permissions. Prospective buyers should be aware of the significant financial commitment required for completing the ongoing renovations. The design of the extension and garden provide opportunities for an exceptional family home, but the unfinished nature requires significant capital investment to realize its full potential.

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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