Cooper & Tanner says ..

Property Oracle says ..

This property presents a unique opportunity for a buyer seeking a significant renovation project with substantial grounds. Located in Street, Somerset, near various schools and amenities, the location provides a balance between rural and urban living. The existing structure shows its age, requiring extensive work throughout. The images show features that, once renovated, could create a truly stunning property. However, potential buyers must be prepared for substantial costs associated with renovation and updating. The property’s current condition is far from modern standards, with outdated bathrooms, kitchens, and cosmetic issues apparent throughout. It is essential to secure professional surveys to assess the full extent of repairs needed before purchasing. The property’s large grounds are a significant asset, offering ample space and privacy. The listing’s suggestion of potential as a hospitality venue is valid, given the house size and location, though thorough due diligence into local planning and licensing regulations is essential.

The lack of square footage information makes precise property value calculations impossible. While the list price is higher than many nearby properties, the property’s size, land and potential for development means that for the right buyer, with the requisite capital and project management skills, this could be a sound investment. However, it’s crucial to manage expectations around the costs involved in such a large-scale renovation project.

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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