Lambert & Foster Ltd says ..

Property Oracle says ..

This property in Wrotham, Kent, presents a unique opportunity for a buyer seeking a substantial rural holding with redevelopment potential. The listing describes a farmhouse and extensive farm buildings with prior planning permission for residential development. This suggests a possible route to creating multiple dwellings, significantly increasing the value. However, it’s crucial to note the visual condition of some buildings, as demonstrated in the provided photographs. Several structures appear to be in need of significant renovation or even complete rebuilding. The substantial land area is a considerable advantage, offering ample space and possibilities for various uses beyond residential development. The proximity to Wrotham village and its amenities, as well as relatively accessible transport links, is also a positive. However, potential buyers need to factor in the substantial costs associated with renovating or rebuilding the existing structures. The lack of key details, such as the exact square footage of buildings, makes a comprehensive assessment of value difficult. A thorough survey and professional valuation are essential before committing to this purchase. Given the current housing market, the price needs to be carefully assessed against the cost of potential renovation works and the risk involved. The property is likely best suited for buyers with extensive renovation experience, or investors seeking a significant development opportunity.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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