Haywards Heath - Development Opportunity
By Fowlers
£ 450,000
Reviews
2 out of 5 stars
Fowlers says ..
A unique opportunity to acquire an existing garage block to be demolished, with planning permission won on appeal ref: DM/21/2129 for demolition of existing garage block and erection of 8 flats. Which comprise of 4 x 1 bedroom, 2 x studio and 2 x 2 bedroom flats. Situated in the popular town of H...
Property Oracle says ..
This property in Haywards Heath presents a development opportunity involving the demolition of an existing garage block and the construction of eight flats (four one-bedroom, two studio, and two two-bedroom units). The location is advantageous, being near Haywards Heath train station and several schools. However, the lack of existing condition details aside from the need for demolition necessitates caution. The plans for a multi-unit development suggest a reasonable land area. The pricing of £450,000 reflects the potential for return after project completion. However, potential buyers should carefully consider the inherent risks associated with development projects, including potential cost overruns and planning delays. The absence of key details like the final square footage of the individual flats and complete construction costs inhibits a more precise evaluation. Prospective buyers should obtain professional assessments of the project’s viability before making a purchase decision. Detailed market research regarding the rental or sale potential of the individual flats upon completion is crucial to validate the investment’s profitability.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 4
- Location
- 7
- Land
- 6
- Bedrooms
- 0
- Bathrooms
- 0
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics YoY
- Area value
- 100 £
- Rental value
- 20 £
- Rental Yield
- 20 %
- Crime Rate
- 924 %
Agent Activity
Fowlers marked this listing as sold.
Fowlers created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
Haywards Heath Children & Family Centre | Children's Centre | 0.35 KM | |
Rural Haywards Heath Children & Family Centre | Children's Centre | 0.35 KM | |
Oathall Community College | Community School | Good | 0.70 KM |
St Wilfrid'S Cofe Primary School, Haywards Heath | Voluntary Aided School | Good | 0.74 KM |
Blackthorns Community Primary Academy | Academy Converter | Outstanding | 0.83 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Portland Close | £ 0 | 0 | 0.00 KM |
Nightingale Close | £ 750,000 | 0 | 0.00 KM |
Oakdale Road | £ 465,000 | 0 | 0.00 KM |
Honeysuckle Drive | £ 540,000 | 0 | 0.00 KM |
Blackberry Drive | £ 415,000 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Haywards Heath | 5490 | HHE | 1.86 KM |
Wivelsfield | 5341 | WVF | 5.39 KM |
Burgess Hill | 5483 | BUG | 6.77 KM |
Balcombe | 5492 | BAB | 8.06 KM |
Plumpton | 5332 | PMP | 8.66 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
Haywards Heath - Development Opportunity | £ 450,000 | BUY | 5 / 10 | 0.00 KM |
America Lane, Haywards Heath, West Sussex | £ 215,000 | BUY | 5 / 10 | 0.02 KM |
Boston Road, Haywards Heath, RH16 | £ 425,000 | BUY | Unknown | 0.08 KM |
Quakers Lane, Haywards Heath, RH16 | £ 375,000 | BUY | Unknown | 0.14 KM |
Quakers Lane, Haywards Heath, RH16 | £ 465,000 | BUY | 6 / 10 | 0.14 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
29 America Lane | £ 360,000 | 0.04 KM |
17 America Lane | £ 280,000 | 0.04 KM |
45 America Lane | £ 229,950 | 0.04 KM |
49 America Lane | £ 210,000 | 0.04 KM |
13 America Lane | £ 272,000 | 0.04 KM |