Savills says ..

Property Oracle says ..

This property presents a unique opportunity in the Cardiff area. Listed by Savills, New House Farm offers a substantial landholding of 15 acres encompassing various farm buildings and a dwelling house. The outbuildings are shown in a state of disrepair, and the house, while seemingly habitable, is likely in need of significant renovations. The location, while semi-rural, offers reasonable access to the city of Cardiff via nearby rail links at Lisvane and Thornhill. The presence of several schools nearby is a plus. The asking price of £1,500,000 should be considered in the context of the extensive land, the necessary renovation work, and the potential for development. The lack of detailed information about the internal condition of the house and a lack of price-per-square-foot data for comparable properties in the same area makes providing an absolute judgement on value difficult. Potential buyers should factor in substantial renovation costs and potentially seek professional valuations to ascertain the true cost-benefit of the purchase. The significant land area is a major selling point, but this must be weighed against the considerable costs and time commitment involved in transforming the property into a habitable and potentially profitable asset. Thorough due diligence is essential before proceeding with any offer.

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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