WeSoldIt.co.uk says ..

Property Oracle says ..

This two-bedroom semi-detached house in Steeple Claydon, Buckinghamshire, is currently listed for £400,000. The property is presented as a development opportunity, as it has planning permission for a significant extension, creating a three-bedroom home, alongside a new three-bedroom dwelling.

The existing house appears to require some updating and modernising. The kitchen and bathroom look dated, and the overall interior presentation suggests some tidying up and cleaning will be required. The exterior shows a small garden and some additional unused land.

The location in Steeple Claydon is positive. It’s a village setting, and the proximity to Steeple Claydon School (rated ‘Good’ by Ofsted) is a key selling point for families. However, the lack of nearby public transportation may affect its desirability for some potential buyers.

The property’s price of £400,000 needs to be considered alongside its potential. The existing property is modest in size and condition, requiring updating. However, the planning permission for additional dwellings dramatically increases the property’s long-term value. The price must be viewed in light of the development potential rather than focusing solely on the immediate condition and size of the existing property.

Overall, this is a property that appeals to those looking for a development project with potential for substantial profit. It’s crucial for potential buyers to carefully consider the costs associated with renovation and construction, and to factor in timeframes for completion. For buyers not interested in a development project, this is not the property for them. The area is generally highly desirable due to its strong schools and village setting. Therefore, once developed, the property should represent good value for money.

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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