Brown & Co says ..

Property Oracle says ..

This property is a residential development site located in Tuxford and Trent, Nottinghamshire, listed for £275,000. It’s described as a barn requiring substantial rebuilding to create two four-bedroom dwellings. Planning permission is in place and this is a key feature. The site includes additional barns and space for garages and home offices. The property’s current condition is poor, as evidenced by the photographs showing significant disrepair to the existing barn structures, with damaged roofing and general deterioration. The land size, however, is considerable, as indicated by aerial imagery. There are several nearby schools rated ‘Good’ by Ofsted, but public transport links are not readily apparent. Nearby property prices show a range, with some significantly higher than the listed price of this property, yet the others show a much lower price. The absence of readily available data on property size and details of the planned development makes a comprehensive valuation challenging. Potential buyers should factor in the extensive renovation costs, which will significantly increase the overall investment. The significant land and approved planning permission, though, presents a strong opportunity for someone looking for a development project. The property is listed by Brown & Co estate agents. The absence of information regarding the actual square footage of the proposed dwellings makes it challenging to accurately calculate price per square foot and determine if the overall asking price represents exceptional value.

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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