Brown & Merry says ..

Property Oracle says ..

This listing by Brown & Merry is for a plot of land at Deaconsfield Road, Hemel Hempstead, HP3 9HZ. The property is described as ‘Land To the Rear of 16 Deaconsfield Road’ with an approximate area of 193m². Importantly, it states that planning permission is required for any development. The land is heavily overgrown, as shown in the provided aerial photographs, suggesting a need for significant site preparation before any building work could begin. The absence of a house or building impacts the overall assessment significantly.

The location is a positive aspect, with Apsley train station and several well-regarded primary schools within a reasonable distance. However, the lack of readily available information on nearby shops and amenities makes a definitive statement about local convenience challenging.

Nearby property prices vary greatly, with some detached houses selling for significantly higher amounts (£600,000 or more). This disparity underscores the need for planning permission and development costs to be factored into any assessment of the value proposition. The relatively low list price might suggest potential for profit if planning permission is obtained and development is carried out successfully.

In summary, the property presents itself as a development opportunity. However, significant costs associated with clearing the land, obtaining planning permission, and undertaking any subsequent building work should be carefully considered. The inherent risk associated with planning applications must also be taken into account, as there is no guarantee of permission being granted.

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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