Foster & Co says ..

Property Oracle says ..

This property is a three-bedroom detached cottage located on Bakers Lane in Shipley, West Sussex. The key feature of this property is its location in a rural setting, offering peace and quiet. However, the images show the property is in disrepair. The exterior walls appear to need significant work; the garden is overgrown and unkempt. This is a ‘cash buyers only’ property requiring a large renovation budget to bring it up to a liveable standard. The plot size is noted as 0.29 acres. Nearby properties range in price from £319,950 to £1,250,000 but there is not enough comparable information to provide a true assessment of the property’s value. There is a primary school nearby, rated ‘Good’ by Ofsted. The nearest train stations (Christ’s Hospital, Billingshurst, and Horsham) are all a considerable distance away, impacting daily commute potential. The average price for Bakers Lane is £500,000, but without square footage data on the surrounding properties the average price per square foot cannot be ascertained. Overall, this represents a substantial project, suited to a buyer prepared for significant renovations or even demolition and rebuilding. The price of £500,000 needs to be weighed against the anticipated costs of renovations. Considering the condition, a buyer should proceed with caution and seek appropriate professional advice on feasibility and costs.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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