The Keenor Estate Agent says ..

Property Oracle says ..

This property in Chulmleigh, North Devon, presents itself as a significant development opportunity rather than a ready-to-move-in home. The existing structure, shown in photographs, is a dilapidated building requiring extensive renovations. The property’s location in Chulmleigh offers proximity to local schools (Chulmleigh Community College and Chulmleigh Primary School, both within a short distance) and amenities, and is situated within a short distance of railway stations at Eggesford, Kings Nympton, and Lapford. The accompanying architectural plans detail proposals for the development of a three-bedroom house and a two-bedroom mews-style cottage on the site. The land itself provides reasonable space for this development, although not extensive. The listing price of £150,000 reflects the substantial work needed, which could potentially increase the property’s eventual value once the renovation is complete. However, prospective buyers must factor in the substantial costs associated with the complete rebuild and renovation works to create two separate dwelling units. It would be crucial for potential buyers to secure comprehensive building cost estimates before committing to purchase.

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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