Secret behind whopping £150,000 price tag of dilapidated cowshed in need of TLC
A dilapidated cowshed is being sold for a whopping £150,000 – despite it having no front or side walls.
The ramshackle outbuilding is in some desperate need of TLC and "looks a bit sorry for itself".
But it has the potential to be turned into a stunning two bedroom cottage if the right person is willing to fork out the hefty price tag – plus another £100,000 to convert it.
The ruined barn, set in a field in Cornwall, has all the appropriate planning permission and is on the edge of a farm in the village of Chapel Amble, which is just five miles from the trendy resort of Rock.
It is also a short drive from the prestigious surfing beach at Polzeath.
While the chance to buy property in such a sought-after part of Britain seems reasonably priced, it will cost the new owner at least £100,000 to convert it to plan.
Because of this, the project is likely to appeal to somebody wanting a holiday home by the Cornish coast or somebody looking to retire rather than a first time buyer.
Despite its run down appearance, the stone barn is said to be structurally sound.
The planning permission allows for a small side extension that will house one of the two bedrooms.
Once converted, the property will have an open plan living, kitchen and dining area, one bathroom and the two bedrooms.
Jo Ashby, of estate agents John Bray, said: "The new owner will be buying a single storey barn conversion project.
"What is currently there is an old cowshed that hasn't been used for a long time and now looks a bit sorry for itself and needs some TLC.
"But now that planning permission has been secured it can be turned a handsome two bedroom barn conversion with 1.8 acres of land.
"If it is to be a permanent home then it is more likely it will be sold to someone looking to retire to the area rather than a first time buyer.
"While the price of £150,000 might look affordable on paper, the reality is that it will cost a lot of money to do the work.
"But it could quite easily sell to someone wanting a second home in the area.
"The property is on edge of a field but it does have its own access along a quiet lane but services like drainage and gas will need to be installed."
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