Pughs says ..

Property Oracle says ..

This property is a building plot located at 121-123 The Homend in Ledbury, Herefordshire. It is being offered for sale by public auction with a guide price of £200,000 - £250,000. The site has full planning permission for a three-bedroom dormer bungalow with off-road parking and a garden. The current state is one of significant overgrowth which would need to be addressed prior to building. The listed square footage is significant, but without details of the dimensions of the plot it is difficult to assess its true size. The land is not in a well maintained state and will require significant work prior to the building commencing. The location is positive, close to amenities, schools and Ledbury train station which enhances the property’s value. The lack of photos of the building itself and the overgrown nature of the land makes any assessment on its condition or the value of the site difficult. The guide price falls within the range of other properties in the area although those are dwellings rather than building plots. Therefore, potential buyers should factor in considerable costs associated with clearing the land and building the planned property. The overall value hinges strongly on the successful completion of the proposed building project.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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