EDWIN THOMPSON says ..

Property Oracle says ..

This property in Town Yetholm, Scottish Borders presents a unique opportunity for developers or those seeking a significant building project. Listed at £75,000, the property is a development opportunity, rather than a ready-to-move-in home, as it consists of land with planning permission for a three-bedroom detached dwelling and a dilapidated stone structure. The site’s large plot size (approximately 0.7 acres) is a key selling point, offering considerable potential.

The location within Town Yetholm offers a peaceful setting, which would appeal to many buyers, but the lack of specific information regarding transport links or nearby schools makes it difficult to fully assess the location’s suitability for all potential buyers.

The current state of the existing structure necessitates significant renovation or demolition and rebuilding. The photo shows substantial disrepair, impacting the overall appeal and adding to the project’s overall cost.

While the list price might appear low compared to finished properties in the area, the significant investment needed for renovation or reconstruction should be factored in. A thorough site survey, costing and planning review are essential before making any purchase decision. The land value, planning consent and the potentially low initial purchase cost are all positive factors that justify the relatively high price score when considering the potential of the property and the overall cost of building a new home in the region. The significant costs of development mean buyers should fully factor these in before purchasing.

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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