Here we have a genuine 15th century church with an acre of churchyard in an idyllic Norfolk village. How much would you think it's worth?
You're right. It's a trick question. It isn't in fact a church, a place of worship, but an ex-church with planning consent to turn it into a three bedroom dwelling. Its current value is nil. You see, the costs of converting it to a dwelling actually exceed the sales price of three-bed houses in the area, even very upscale ones; the open market value of the property is actually negative.
I saw it on the market a couple of years ago at a fantasy price. The owner's still trying to flog it albeit at a much more modest price, but still far in excess of its actual worth as a dwelling. Which is nil.
The CofE's disposal conditions no doubt stipulated that it was never to revert to being a place of worship. And so it slowly decays; the pigeons are in, the roof is holed and water is penetrating the roof timbers. I don't think it's on the Building at Risk registers yet - buildings need to be in far worse condition to gain entry to that particular list.
The owner is hoping for a foolish romantic with no clue about property values to take it off their hands, and who knows, such a person may eventually appear. Until then it stands as a minor embarrassment to us all.