Cooper & Tanner says ..

Property Oracle says ..

This property is a 12.15-acre plot of farmland located in Pedwell, Somerset, listed for sale by online auction with a guide price of £80,000 to £120,000. The land is largely undeveloped, featuring grassland with some established trees. Photos show a relatively level plot with visible sheep grazing. The absence of buildings on the land means it’s suitable for agricultural use or potential development, but any such development would require planning permission and significant investment. The location is rural, providing a peaceful setting but necessitates careful consideration of proximity to schools, shops, and public transport, which is several kilometers away. The absence of a house or building on this plot significantly impacts potential use and the relative appeal to those seeking a residential property. The nearby houses sell for significantly higher prices. Given the significant area of land, this property may suit buyers seeking agricultural land, or buyers seeking a development project with planning potential. The auction format introduces an element of risk and uncertainty for potential buyers. Further due diligence is required to establish suitability and value, including soil surveys and planning permissions. Thorough research into the local planning policies would be important before committing to a purchase.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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