CPH Property Services says ..

Property Oracle says ..

This property in Mowthorpe, Hackness, presents a unique opportunity for someone looking to create their dream home. It’s a substantial plot of approximately 0.83 acres with existing planning permission for a four-bedroom detached house. While the site currently features a lodge and mature gardens with ponds and vegetable plots, it is important to note that the buyer will need to undertake a full construction project. The existing structures on the land could be renovated, repurposed, or demolished to facilitate the new build.

The location offers a balance between rural tranquility and accessibility to amenities in Scarborough. Nearby schools rated ‘good’ or better by Ofsted indicate a strong educational provision in the area. Seamer and Scarborough train stations offer travel connections. The rural setting will appeal to many buyers, but the lack of immediate neighbours may be a drawback.

The price reflects current market trends for land and homes in the area, but the cost of the new house construction is not factored into the initial purchase price; prospective buyers should budget significantly for the costs associated with this project. A thorough evaluation of construction costs and timeframes is vital before committing to this purchase. The significant amount of land adds considerable value to this property, but the existing state of the property warrants careful consideration. Overall, this property presents a high-risk and high-reward proposition, suitable for buyers with the resources and vision to develop the land into a bespoke property. The visual appeal is high and the amount of land makes it suitable for a large family or someone wanting a private and spacious property.

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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