DEVELOPMENT SOLD – RESULT? WE NEED MORE LAND TO SELL TO WAITING BUYERS
By Land and New Homes
£ 400,000
Reviews
3 out of 5 stars
Land and New Homes says ..
DEVELOPMENT SOLD – RESULT? WE NEED MORE LAND TO SELL TO WAITING BUYERS
Property Oracle says ..
This property presents a unique opportunity, but it is crucial to approach it with realistic expectations. The significant plot of land is a major selling point, offering considerable potential. However, the property itself is in disrepair. The photographs clearly illustrate the need for extensive renovation, including both internal improvements and landscaping. Boarded-up windows suggest vacancy and potential neglect. While the location in Bovingdon offers the advantage of good transport connections and nearby schools, the condition of the property and the consequential refurbishment costs must be carefully weighed against the asking price. It would be prudent for potential buyers to obtain a comprehensive survey before making an offer to gauge the full extent of the required works and accurately assess the property’s overall value. The limited information on square footage and available data on nearby properties makes an exact assessment of value difficult; however, nearby properties that are in better condition are selling at a considerably higher price. The substantial land may increase the overall value but the cost of bringing the property up to current standards and building costs need to be taken into account.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 4
- Location
- 7
- Land
- 8
- Bedrooms
- 0
- Bathrooms
- 0
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 827,268.00 £Decreased by 12.41 %
- Average area rental value
- 1,400.00 £/moDecreased by 46.46 %
- Est rental Yield
- 2.03 %Decreased by 38.86 %
- Crime Rate
- 42.00 %Unchanged by 0.00 %
Agent Activity
Land and New Homes created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Bovingdon Primary Academy | Academy Converter | 0.72 KM | |
| Westbrook Hay | Other Independent School | 3.10 KM | |
| The Thomas Coram Church Of England School | Voluntary Aided School | Good | 3.94 KM |
| Ley Hill School | Community School | Good | 3.99 KM |
| Swing Gate Infant School And Nursery | Community School | Good | 4.35 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Pembridge Close | £ 0 | 0 | 0.00 KM |
| Anson Close | £ 637,500 | 0 | 0.00 KM |
| Arden Close | £ 0 | 0 | 0.00 KM |
| Windsor Close | £ 199,995 | 0 | 0.00 KM |
| Fieldway | £ 550,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Berkhamsted | 1390 | BKM | 5.30 KM |
| Hemel Hempstead | 1391 | HML | 5.71 KM |
| Chalfont And Latimer | 539 | CFO | 6.48 KM |
| Chorleywood | 546 | CLW | 7.84 KM |
| Apsley | 1430 | APS | 8.40 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Chesham Road, Bovingdon, HP3 | £ 875,000 | BUY | 7 / 10 | 0.03 KM |
| Howard Agne Close, Hemel Hempstead | £ 140,000 | BUY | Unknown | 0.07 KM |
| Balfour Mews, Bovingdon, HP3 | £ 269,500 | BUY | 5 / 10 | 0.09 KM |
| Hyde Lane, Bovingdon, HP3 | £ 549,950 | BUY | 6 / 10 | 0.11 KM |
| Howard Agne Close, Bovingdon, HP3 | £ 575,000 | BUY | 7 / 10 | 0.14 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 39 Chesham Road | £ 500,000 | 0.01 KM |
| 34 Chesham Road | £ 625,000 | 0.01 KM |
| 38 Chesham Road | £ 830,000 | 0.01 KM |
| 12 Balfour Mews | £ 176,000 | 0.09 KM |
| 15 Balfour Mews | £ 175,000 | 0.09 KM |