Shaw & Co says ..

Property Oracle says ..

This property in Brentford, TW8, is a plot of land with approved planning permission for a two-bedroom end-terrace house. The listing highlights its location near Syon Lane station, providing good transport links. Proximity to several schools with good Ofsted ratings could make this attractive to families. Images of the existing structure and garden reveal a modest-sized garden and a property that is likely to require significant renovation or complete rebuild, to match the planning permission. The current structure seems to be in need of considerable maintenance, even though the planned renovation will give a finished property in excellent condition. Nearby property prices vary significantly, highlighting the need for professional valuation of the existing structure to asses it’s current condition. The land itself has significant value due to its location and planning permission. The list price of £250,000 represents a price for the development opportunity and potential value increase once the new property is constructed, rather than the current state of the existing structure. This is therefore a development opportunity rather than a typical property purchase. Further due diligence is required to confirm construction costs and potential rental income or resale value once the planned build is completed.

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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