Lacy Scott & Knight says ..

Property Oracle says ..

The property is a derelict building located in Woolpit, Suffolk. It is listed for £200,000 and is described as LAND, suggesting it is a plot of land with a dilapidated structure. The surrounding area has an average house price of £329,417 and an average price per sqft of £358. Nearby properties range in price from £167,000 to £575,000, indicating significant price variation in the area. The property is close to Woolpit Primary Academy (0.50 KM), which requires improvement according to Ofsted. Other schools within a reasonable distance include Rattlesden Church of England Primary Academy (Good), Elmswell Community Primary School (Good), Thurston Church of England Primary Academy (Good), and Norton Cevc Primary School (Outstanding). Transportation options include the Elmswell train station (2.94 KM). Given the condition of the property, requiring extensive renovation, and the lack of specific details regarding size and features, it is difficult to definitively assess its value. The list price of £200,000 appears potentially low compared to the average house price in the area, but this could be due to the property needing complete renovation. More information on the size of the plot and the potential for development would be needed for a more accurate assessment.

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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