Peter Lane & Partners says ..

Property Oracle says ..

This property in Bolnhurst, Bedfordshire presents a unique opportunity but requires careful consideration. The significant land area (1.22 acres, as stated in the listing) is a major selling point, offering excellent potential for expansion or development. The rural setting provides peace and quiet, with the nearest school being a reasonable distance away. However, the property itself is in need of a full and comprehensive renovation. The images clearly reveal significant wear and tear, outdated fixtures and fittings, and general disrepair. Potential buyers should factor in the substantial cost of renovation into their budget. The asking price of £520,000 is a key factor. While this may seem high considering the current state of the property, the substantial land and its potential development prospects need to be factored into any price valuation. Detailed costings of the required works are necessary before a final decision on value can be made. Further investigation into comparable property sales in the area would be prudent, particularly those requiring comparable levels of renovation. Overall, this property presents itself as a project for someone willing to invest time and money into a potentially rewarding venture. Thorough due diligence is strongly advised.

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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