Glasshouse Estates and Properties LLP says ..

Property Oracle says ..

17th Century Manor Restoration Opportunity – Canon Pyon, Hereford is a PLOT property currently listed at £185,000. The property is situated in Canon Pyon, Herefordshire, and requires extensive renovation. The property’s location is reasonably good, with several well-regarded schools within a short distance, including Canon Pyon Cofe Academy which has an outstanding Ofsted rating. Hereford is also relatively close, offering access to rail transport. However, the lack of immediate amenities in Canon Pyon might be a drawback for some buyers. Based on the provided images, the property is in extremely poor condition and requires a complete restoration. The structure appears to be largely intact, but significant work is needed to bring it up to a habitable standard. The scale of the renovation will be substantial and costly. The land surrounding the property seems to be quite extensive, offering ample space. The exact size is not specified, but the aerial images show a sizable plot. Considering the average price per square foot in the area is £269, and the property is listed at £185,000 for 550 sqft, the price appears low. However, this is likely due to the property’s extremely poor condition and the substantial costs associated with the necessary renovation work. The average house price in the area is significantly higher (£473,746), but this is not directly comparable due to the differences in property type and condition. Nearby barn conversions are listed at significantly higher prices, but these are also finished properties. A nearby semi-detached property is listed at £149,000, providing some context, but again, the condition of this property is likely to be very different. Therefore, the list price of £185,000 for this project reflects the risk and extensive work required.

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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