Myddelton & Major says ..

Property Oracle says ..

This property in Cholderton, Wiltshire, is presented as a freehold property with potential for residential development. The property’s current use appears to be that of a motel, comprising a main building and a series of attached units. The photographs indicate a property that would benefit from significant modernisation and potential refurbishment. The exterior showcases brickwork in seemingly good structural condition, but presents a dated aesthetic. The images show that the property has limited land, mostly consisting of a paved parking area. The lack of information on the property’s interior and specific planning permissions needs to be addressed. The location is in a village setting with relative isolation from shops and other services. However, the proximity to a railway station in Grateley at 5.72KM could offer commuting benefits to some buyers. The list price of £900,000 will depend heavily on the potential for conversion or repurposing. Further investigations including full property surveys and planning permission research are essential to fully evaluate its value and potential return. The high number of bedrooms and bathrooms does suggest the potential for conversion or multiple units, and the property may present a lucrative investment opportunity despite needing modernisation. More information would need to be provided to confidently ascertain the property’s overall value. Overall, this property presents a unique opportunity but would require extensive due diligence.

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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