John Thoma Bespoke Estate Agency says ..

Property Oracle says ..

This property presents a unique opportunity in the heart of Chigwell. The almost ten-acre plot offers unparalleled space and privacy, a rarity in this sought-after location. The existing four-bedroom house and outbuildings are included, although they appear to be in need of significant renovation or are slated for demolition as per the planning permission for the proposed new build. The approved plans showcase an impressive, spacious detached residence, however, the buyer must factor in the substantial costs of construction and the potential for additional planning-related expenses. While Chigwell’s prestigious reputation and excellent schools contribute to the high asking price, the existing buildings’ condition must be carefully considered before purchasing. The absence of internal photos and precise square footage for both the existing and proposed properties impacts the overall valuation analysis. Potential buyers should seek professional advice and a detailed cost breakdown to determine the overall financial viability of this development project before committing. Transportation links to the property might be a factor for prospective buyers to review, and further research into the transport available might be necessary. The overall suitability hinges on the buyer’s ability to leverage the land’s potential and manage the associated costs of developing the property.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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