Williams Associates Chartered Surveyors says ..

Property Oracle says ..

This property listing presents a unique opportunity to acquire a stone barn with planning permission for conversion into a three-bedroom dwelling. Situated in Lydart, Monmouthshire, the property benefits from a rural location and approximately 0.27 acres of land. However, the property is currently in a state requiring extensive renovation. The images show a structure that is overgrown and in a state of disrepair. While planning permission is in place for a three-bedroom conversion, the lack of information regarding the eventual square footage of the converted property makes it difficult to make comparisons to other comparable properties locally. The lack of complete property information, particularly regarding square footage, makes a thorough cost per square foot analysis impossible and would need to be acquired via the estate agent. Potential buyers should factor in the significant costs associated with such an extensive renovation project. Comparing the listing price of £185,000 to similar properties in the area is difficult without more detailed information regarding the size and final condition of the converted property. Overall, this is a project for a buyer with experience in property development and renovation, willing to undertake a considerable investment. The rural setting and ample land could make this a very desirable property, once the renovation is complete.

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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