Cooper & Tanner says ..

Property Oracle says ..

This property is a former care home in Butleigh, Somerset, currently listed for £600,000. It presents a significant development opportunity, with approved plans to convert it into five luxury flats (four 2-bedroom and one 1-bedroom). The location is a plus, situated in a sought-after village with a good primary school nearby. However, the property is in need of substantial renovation. The interior is dated, requiring complete modernization of fixtures, fittings, and finishes. The provided images show worn carpets, basic kitchen and bathroom facilities, and a general need for updating. The size of the plot is significant, offering parking and outdoor space once developed. While the price may seem high considering the immediate condition, the redevelopment potential justifies the cost for investors or developers looking for a project in a desirable location. The absence of specific square footage and plot size data makes an accurate comparison to other properties in the vicinity impossible. Therefore, a thorough independent valuation and cost assessment of the renovation work should be undertaken before any purchasing decision.

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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