Absolute Property Agents says ..

Property Oracle says ..

This property on Lancaster Road, Enfield, presents itself as a development opportunity. The listing describes potential for conversion into multiple units (subject to planning permission). The building itself is a larger property that appears to have been previously divided into several business units. It is currently vacant and requires comprehensive renovation throughout. The property boasts a surprisingly large rear area which from aerial images appears to be suitable for additional building work, either extending the existing building or potentially adding entirely new buildings. The location is attractive, with proximity to several local schools with generally good Ofsted ratings, local shops, and train stations. However, without knowing the exact location of the property on Lancaster Road or seeing current street-level images of the surrounding area, it's difficult to completely assess this aspect. The asking price is significant, and prospective buyers should conduct thorough due diligence, including obtaining accurate plot measurements and confirming the viability of development plans with the local council before committing to a purchase. Investors and developers should factor in the significant costs associated with renovations and obtaining necessary planning permissions before assessing the overall viability of this property. The current interior images, while displaying a large area, demonstrate a clear need for extensive renovation. The floors in some areas are unfinished and the interiors are sparsely furnished. Overall, this is a high-risk, high-reward venture, suitable for investors with experience in development projects who can make informed decisions after extensive local planning and cost projections. Therefore, we give this property 5 / 10. *Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.*

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