Cooper & Tanner says ..

Property Oracle says ..

This property is a development opportunity located in Glastonbury, Somerset, listed for auction at £50,000. The auction guide price ranges from £50,000 to £70,000. The property is currently a plot of land with evidence of previous structures. The site requires substantial renovation. Photographs reveal significant exterior damage and graffiti. The site’s location in St John’s Square offers proximity to the town centre and several schools. However, based on visual evidence, the immediate surroundings are not idyllic. The floor plans indicate the potential for construction, and several elevation drawings are included. The lack of details regarding the property size (square footage and plot size) limits a comprehensive valuation. The limited available data on nearby properties prevents a precise comparison to justify the price. Nearby schools are rated ‘good’ by Ofsted. Further investigation is needed to determine the full scope of required work and development potential to accurately gauge the value. This property presents a high-risk, high-reward investment opportunity that demands thorough due diligence before purchase.

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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