Halls Estate Agents says ..

Property Oracle says ..

Yew Tree Farmhouse presents a unique opportunity for a buyer seeking a rural property in need of a complete renovation. Situated in the hamlet of Horton near Wem, Shropshire, the property benefits from nearby schools and a relatively accessible location. However, a lack of available Ofsted reports and significant travel time to the nearest train station, suggests this location isn’t for all buyers.

The property itself is a three-bedroom, one-bathroom detached house offering considerable potential. However, from the provided photos, it is clear that extensive refurbishment is required. Outdated kitchens and bathrooms, damaged walls, and worn flooring, indicate a costly and time-consuming renovation project. The property does include a significant amount of land which could be attractive to prospective buyers. The overall condition, while needing substantial work, does not appear to indicate any major structural problems that would be prohibitively expensive to address.

The listing price of £250,000 for this property must be considered in context with similar properties in the area. Nearby properties, which appear to have been renovated, are selling for significantly higher prices. This is likely due to the demand for renovated properties in this quiet, rural area. Therefore, while the property requires a substantial investment to renovate, the price could be considered as acceptable, especially for those who value the potential of the property and the included land. The final price would depend upon the cost of renovation compared to the value of the land and future sale value of the property once renovated.

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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