Savills says ..

Property Oracle says ..

This property, located in the sought-after village of Chorleywood, Hertfordshire, presents a unique opportunity for buyers. Situated on Old Shire Lane, it offers a degree of privacy and seclusion within a desirable area known for its excellent schools (Chorleywood Primary School and The Russell School both have ‘Outstanding’ or ‘Good’ Ofsted ratings and are within walking distance) and relatively easy access to London via the Metropolitan Line (Chorleywood station is 1.72km away). The property itself is a charming cottage, though the photographs suggest it is in need of renovation. The exterior is heavily overgrown and the property displays visible signs of wear and tear. A full inspection is highly recommended to fully assess the property’s structural integrity and the extent of necessary work. The significant selling point of this property is the substantial plot of land - 0.186 hectares (0.46 acres) which presents opportunities for expansion and development, subject to gaining planning permission. The asking price of £1,200,000 reflects the desirability of the location and the size of the plot, but the substantial renovations required could impact this price. The lack of available square footage data makes a definitive judgment on value for money difficult without a full survey. Overall, it presents a potentially lucrative investment for someone willing to undertake a refurbishment project, although significant due diligence and cost estimation are crucial. Comparable properties in the area lack sufficient data for a completely accurate comparison.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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