Woodhouse says ..

Property Oracle says ..

This property is a residential development site in Goffs Oak, Hertfordshire, with planning permission already granted for two four-bedroom detached homes, each approximately 3000 sq ft. The location is a major strength, situated in a desirable village with good local schools including Goffs Academy and Flamstead End. Transport links to London are reasonable, although not as convenient as being directly next to a train station. The land itself is a significant asset, providing ample space for constructing two large family homes. The price of £820,000 represents a notable investment opportunity given the potential return from building and selling two sizable properties. However, the risk associated with development (planning delays, construction costs, market fluctuations) should be considered. The absence of a completed property and the lack of details on existing structures make a definitive evaluation about the value for money challenging. The absence of details on square footage for the plot or the final build plans make an accurate assessment challenging. Investors should conduct thorough due diligence before proceeding.

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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