Howkins & Harrison LLP says ..

Property Oracle says ..

This listing presents a development opportunity in the desirable village of Paulerspury, Northamptonshire. The property is a plot of land with planning permission already granted for a two-story, two-bedroom cottage. The existing structures appear to be derelict and will require demolition before construction begins. The location in Paulerspury is a significant advantage, offering a blend of rural charm and proximity to local amenities, including Paulerspury Church of England Primary School which is within walking distance. However, potential buyers should factor in the substantial costs associated with the demolition of existing structures and the construction of the new cottage. The plot’s size appears modest based on the images provided, which should also be considered. The £140,000 asking price is potentially attractive considering the granted planning permission but requires careful consideration of the construction costs, which are not included in the price. This makes this an interesting property for buyers looking for a self-build project in a highly sought-after village location, but thorough due diligence is essential. Nearby properties reveal a wide range of prices, highlighting the importance of conducting a detailed appraisal and a professional valuation before committing to the purchase.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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