Coventry Road Street Ashton Rugby, Warwickshire, CV23 0PH
By Fine & Country
£ 850,000
Reviews
2 out of 5 stars
Fine & Country says ..
**DEVELOPMENT OPPORTUNITY** An opportunity to develop an existing farmhouse in the quiet hamlet of Street Ashton in Warwickshire, with planning permission for 4 barn conversions, set in 6.47 acres
Property Oracle says ..
This property is a barn conversion opportunity located in Street Ashton, Warwickshire, listed at £850,000. The listing highlights a development opportunity with planning permission for four barn conversions. The property currently presents as a large, older brick structure, showing considerable signs of disrepair and requiring extensive work. Photographs reveal significant ivy growth and weathered brickwork suggesting a prolonged lack of maintenance. The large plot of 6.47 acres is a key selling point; offering significant potential for development alongside the existing planning permission. However, prospective buyers should anticipate substantial investment for renovation and potential conversion costs. Although nearby schools are available, they are not within walking distance. Also, public transportation is not available close by. Buyers considering this property should factor in these high renovation and development costs against the potential for significant returns or personal enjoyment of a larger plot of land in the Warwickshire countryside. The sale price seems somewhat high given the current condition however, the plot of land and potential for development mitigate the price somewhat. Further investigation into the specific costs of renovation and potential resale values of the completed conversions is necessary for a thorough cost-benefit analysis.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 3
- Location
- 4
- Land
- 9
- Bedrooms
- 2
- Bathrooms
- 1
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 300,000.00 £Decreased by 31.77 %
- Average area rental value
- 1,500.00 £/moIncreased by 26.90 %
- Est rental Yield
- 6.00 %Increased by 85.76 %
- Crime Rate
- 73.00 %Unchanged by 0.00 %
Agent Activity
Fine & Country marked this listing as sold.
Fine & Country created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| The Revel Cofe (Aided) Primary School | Voluntary Aided School | Good | 1.62 KM |
| Long Lawford Primary School | Community School | Good | 6.73 KM |
| Long Lawford Children And Family Centre | Children's Centre | 6.73 KM | |
| Wolvey Cofe Primary School | Voluntary Controlled School | Requires improvement | 7.65 KM |
| Claybrooke Primary School | Academy Converter | 7.98 KM |
Images
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Street Ashton, Rugby, CV23 | £ 300,000 | BUY | 6 / 10 | 0.19 KM |
| Coventry Road, Pailton, Rugby, CV23 | £ 1,400,000 | BUY | 10 / 10 | 0.47 KM |
| Bell Lane, Rugby, CV23 | £ 480,000 | BUY | Unknown | 1.12 KM |
| Bond End, Monks Kirby | £ 250,000 | BUY | Unknown | 1.30 KM |
| 24a Bond End, Monks Kirby, Rugby Warwickshire CV23 0RD | £ 1,250,000 | BUY | 7 / 10 | 1.42 KM |
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|---|---|---|
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| 22 Bond End | £ 385,000 | 1.36 KM |
| 20 Bond End | £ 520,000 | 1.36 KM |
| 1 Bond End | £ 160,000 | 1.36 KM |
| 26 Bond End | £ 375,000 | 1.36 KM |