Nock Deighton, Land and New Homes says ..

Property Oracle says ..

This property at Spring Grove Lane, Oldwood, Tenbury Wells, presents a unique opportunity but also comes with significant challenges. It is a dilapidated two-bedroom structure situated on a large plot of land. The building itself is in need of extensive restoration or a complete rebuild. The provided images show a brick structure that has suffered significant decay; interior images display crumbling walls, a damaged floor, and overall neglect. While the location offers proximity to well-regarded schools (Tenbury High Ormiston Academy and Tenbury Cofe Primary School are both rated ‘Good’ by Ofsted), the lack of immediate public transport is a factor to consider. The significant land surrounding the property is a major asset, offering considerable potential for development or expansion. However, prospective buyers should be fully aware of the extensive costs associated with bringing the property up to a habitable standard. The relatively low listing price may reflect the scale of the restoration project needed; purchasers should seek appropriate professional surveys and assessments before making a decision. The absence of data on price per square foot for comparable properties in Oldwood and surrounding areas restricts precise property valuation. Nevertheless, potential buyers must carefully weigh the cost of renovations, the substantial land, and the rural nature of the location against the considerable potential of the site.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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