The list price of £585,000 needs to be evaluated in context with the area. While other properties in Watermoor Road command similar prices, this listing is for a development opportunity that requires significant construction. The price will cover the cost of building three town houses and a coach house. Other properties on the street and in the immediate area are not comparable to this site as it is a conversion of former retail properties to residential properties with parking. The final valuation of the completed project needs to be considered. Without finalized floor areas and specifications of the completed builds, a precise price evaluation is difficult. While potential exists for the final value to exceed costs and be reasonable, uncertainty about the final product justifies the score.

The property is currently under development, which is reflected in the low condition score. The provided architectural plans show a planned conversion from retail premises into townhouses, but there are no photos of the property’s current condition, and therefore a thorough assessment of existing structural conditions is impossible at this stage. The score reflects the uncertainties inherent in an unfinished project.

Cirencester is a desirable market town in the Cotswolds, known for its attractive architecture, amenities, and proximity to the countryside. The property’s location on Watermoor Road places it within reasonable distance of schools, shops, and other town centre facilities, contributing to a relatively high location score. The proximity to Kemble train station also enhances its accessibility.

Based on the site plan, the property boasts a relatively sizeable plot of land that includes space for gardens and parking. The conversion plan indicates the creation of external courtyards and gardens, which contributes to a higher than average land score.