Carter Jonas Rural says ..

Property Oracle says ..

This listing presents a significant development opportunity in the rural Cornish village of Morwenstow. The property consists of a substantial 12.31-acre plot of land offering expansive views of the surrounding countryside. The photos depict a largely undeveloped area with fields, some woodland, and a stone trough. The land appears largely undeveloped, requiring significant investment for any construction project. The absence of a house or any existing structure means that a buyer would need to obtain planning permission and undertake the full cost of building a property from the ground up. The location is extremely rural, with the nearest schools several kilometers away and no nearby transportation mentioned. While the average house prices on nearby streets are high, indicating a potentially desirable area, this property’s value is heavily dependent on the potential for development and the costs associated with it. The list price of £220,000 is relatively low when considering the land size, but the lack of a building and the potential development costs need to be carefully weighed. Further investigation into planning permissions, potential building regulations, and associated costs is crucial before any purchase decision. This would allow for a more accurate assessment of the property’s true value and its suitability for potential buyers.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images