DJ&P Newland Rennie says ..

Property Oracle says ..

The property is a barn conversion located in Rangeworthy, Gloucestershire. The location benefits from being close to Rangeworthy Church of England Primary School (0.42km), which is rated ‘Good’ by Ofsted. Other nearby schools include North Road Community Primary School and Iron Acton Church of England Primary School, also rated ‘Good’. Yate railway station is approximately 3.89km away, providing access to public transportation.

Based on the provided images, the property appears to be under construction or recently completed. The exterior is a mix of stone and modern materials, suggesting a contemporary design. The images show a significant amount of land surrounding the property. The plot appears to be large enough to accommodate the building and offer ample outdoor space. The design plans show a well-thought-out layout, including a kitchen, dining area, lounge, three bedrooms, and a bathroom.

Considering the average house price in the area is £563,346, and the average price per sqft is £315, the list price of £342,000 for this barn conversion appears relatively low, especially given the apparent size of the plot and the modern design. However, without knowing the final square footage of the completed property, a definitive conclusion on the price-to-value ratio cannot be made. The nearby properties are significantly more expensive, ranging from £455,000 to £1,250,000. This suggests that the property might be undervalued, but more information is required to confirm this.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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