Parsons Son & Basley says ..

Property Oracle says ..

This property in Ringmer, East Sussex, is listed for sale by auction at £110,000. It consists of a plot of land with an existing structure and importantly, granted planning permission for a four-bedroom house to be built attached to the existing property. This is a key feature significantly impacting the value of the property. The location within Ringmer offers good access to schools and transportation, albeit not within immediate walking distance of major facilities. While the existing structure shows a need for some renovation, the overall condition is acceptable. The plot size and the inclusion of planning permission make it a potentially attractive investment for developers or individuals looking to build their own home in a desirable location, though the presence of an existing structure and auction format does introduce elements of uncertainty. The auction format means the final sale price might be above or below the guide price, therefore increasing or decreasing the value proposition for any potential buyer. The current lack of specifics about the size and condition of the existing property is a significant drawback that could decrease its overall desirability for buyers not willing to handle a redevelopment project. Buyers should carefully review the planning permission details and conduct a thorough property survey before bidding.

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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