Philip Martin says ..

Property Oracle says ..

This property in Trevellance Lane, Perranporth, Cornwall is a building plot with planning permission. The listing highlights its location in a sought-after area on the outskirts of Bolingey, within walking distance of the North Coast and the Saints Trail. Several good primary schools are within a 1.68-3.22km radius. The plot itself is overgrown, requiring significant landscaping. The planning permission allows for a three-bedroom detached property, indicated by provided floor plans. Nearby property prices vary considerably, from £177,000 to over £600,000, reflecting the diversity of properties in the area. The £200,000 asking price should be assessed in the context of the necessary construction costs required to make the plot habitable. The absence of an existing structure and the condition of the land present significant factors affecting the overall value and suitability for different buyers. While the location is attractive, prospective purchasers must factor in substantial development expenses. The lack of information regarding the current state of the planning permission, and any associated timelines, may affect the perceived value. This may be a potentially lucrative investment for those able to meet these costs; otherwise, other more readily available properties in the area may be more suitable.

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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