Brown&CoJHWalter says ..

Property Oracle says ..

Village Farm presents a unique opportunity in the Lincolnshire countryside, situated in the desirable village of Eagle. The property comprises a Grade II listed house, along with two barns that benefit from planning permission for conversion into additional residential units. The house itself exhibits a blend of charm and needs significant updating. The interior features a mix of habitable and dated spaces, with some rooms showing signs of recent renovation while others are visibly in need of considerable work, including outdated kitchens and bathrooms and some bare interior walls. The outbuildings are largely in a state of disrepair and require substantial renovation.

The significant draw is the substantial plot of land that includes approximately 8.4 acres, which is extremely rare for properties in this location. This provides not only ample space but also substantial development potential. This land area can justify a significant value, allowing the possibility for creating additional housing units, potentially leading to a higher return on investment, once the property is brought up to a standard more suitable for current market conditions.

In terms of location, Eagle offers a quiet, countryside setting yet is close enough to transport links and facilities for access to everyday life. The presence of a well-regarded primary school nearby further enhances the family-friendly appeal of the property. The nearby train stations at Swinderby and Collingham offer good access to major towns and cities.

Overall, Village Farm is a property that offers significant potential but necessitates a substantial investment for renovation and modernisation. The current list price reflects the potential, including the development prospects afforded by the significant land, but buyers will need to factor in extensive refurbishment costs. Prospective buyers should approach this property as a development project that requires careful consideration of the renovation investment involved. The land is the prime asset here.

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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