PROSPECT, VA 23960

RARE 7.7 acres! 1991 BuildCLEAN 1991 home, and light cosmetic flip potential -  all for only $169,000. Just outside Farmville, this private, mostly wooded property deserves a look from Richmond and Lynchburg investors hunting for their next project. The proposed scope is straightforward: paint, flooring, kitchen and bath refreshes, and exterior cleanup. With a seller-estimated $20,000 cosmetic budget and $290,000 ARV, this deal pairs acreage with a manageable renovation in the growing Farmville area.

Off-market two-story home built in 1990 featuring 2 bedrooms, 2.5 bathrooms, approximately 1,568 square feet, and 7.7 acres. Located in Prince Edward County, approximately 15 minutes west of Farmville, the property offers a private, mostly wooded setting with a cleared strip, metal carport, covered front entry, and brick chimney.

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Transaction Details

• Walkthrough: Contact us to schedule

• Closing Date: To be confirmed

• Occupancy: To be confirmed

• Earnest money required: To be confirmed

• Financing: Cash or hard money

• Proof of funds required: Yes, with offer

• Sale terms: As-is, where-is

Property Condition

• Roof: Age and condition to be verified during inspection

• HVAC: Type, age, and condition to be verified

• Plumbing: Condition to be verified; proposed bathroom refresh includes fixture updates

• Electrical: Condition to be verified; proposed improvements include lighting, switches, and outlet covers

• Foundation: Type and condition to be verified; no structural repairs are itemized in the proposed budget

• Interior: Reportedly needs primarily cosmetic updates, including paint, flooring, and kitchen and bathroom refreshes

• Parking: Metal carport

• Exterior: Vinyl siding, brick chimney, and covered front entry; proposed work includes power-washing, trimming planting beds, and tidying the carport

• Land: Approximately 7.7 mostly wooded acres with a cleared strip; depicted parcel boundaries are approximate

• Water/Sewer: Materials reference well and septic systems; condition to be verified during inspection

Seller’s Suggested Renovation Budget:

• Interior paint: $5,000

• Flooring: $5,000

• Kitchen refresh: $4,000

• Bathroom refresh: $2,500

• Lighting and hardware: $1,000

• Curb appeal: $1,500

• Contingency: $1,000

• Total estimated renovation: $20,000

These allowances are seller estimates, not contractor bids. Roof, HVAC, well, and septic repairs are not separately itemized.

Comparable Properties

The following sales are reported in the provided materials and have not been independently verified.

1. 1092 Mt Pleasant Rd, Pamplin — $279,000: 1,662 sqft | 3 BD/2 BA | 10.19 acres | Built 1974 | Sold March 27, 2026 | Brick ranch

2. 594 Landing Rd, Farmville — $325,000: 1,631 sqft | 3 BD/2 BA | 4.06 acres | Built 2014 | Sold October 27, 2025 | Near Briery Creek Lake

3. 3370 Stage Coach Rd, Farmville — $329,000: 1,765 sqft | 2 BD/2 BA | 20.0 acres | Built 1980 | Sold April 9, 2026 | Farmette

4. 657 Swan Rd, Pamplin — $228,000: 1,212 sqft | 3 BD/1 BA | 7.44 acres | Built 1968 | Sold August 21, 2026 | Brick ranch with basement and garage

5. 1927 Five Forks Rd, Pamplin — $260,000: 1,232 sqft | 3 BD/2 BA | 7.05 acres | Built 2018 | Sold October 5, 2026 | Wooded acreage

6. 15005 Thomas Jefferson Hwy, Pamplin — $300,000: 1,436 sqft | 3 BD/2 BA | 2.50 acres | Built 1997 | Sold July 14, 2026 | Detached garage

7. 4267 Pin Oak Rd, Prospect — $307,000: 1,460 sqft | 3 BD/2 BA | 2.45 acres | Built 2021 | Sold August 17, 2026 | Reportedly like-new ranch

8. 1413 First Rock Rd, Prospect — $260,000: 1,538 sqft | 2 BD/2 BA | 3.01 acres | Built 1917 | Sold January 13, 2026 | Renovated farmhouse

9. 7566 Prince Edward Hwy, Prospect — $369,900: 1,514 sqft | 3 BD/2 BA | 7.41 acres | Built 2025 | Sold September 11, 2026 | New construction

10. 693 Blackberry Ln, Appomattox — $170,000: 1,747 sqft | 2 BD/2 BA | 10.11 acres | Built 1995 | Sold May 27, 2026 | Reported as-is riverfront property

Next Steps

• Contact us for additional information

• Schedule a property walkthrough

• Make an offer directly on this page with proof of funds

• Confirm transaction terms and sign the assignment agreement

Disclaimers

IMPORTANT: This landing page represents an assignment of a purchase contract, not a direct property sale. The advertised price includes the original contract price plus an assignment fee. Buyer is responsible for conducting their own due diligence, including verifying property details, condition, acreage, boundaries, comparable sales, repair costs, and resale potential.

All information provided is believed to be accurate but is not guaranteed. ARV, renovation budgets, and potential returns are estimates. The projected gross spread does not represent net profit.

This opportunity is offered to qualified real estate investors only. This is not a retail property listing, and no real estate agent relationships are implied or established through this marketing material.

Time-sensitive opportunity — this contract is being offered to multiple investors.

Let’s Take the Next Step

Submit your offer directly on this page to begin securing this opportunity, subject to agreement and executed documents.

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