Dexters Development & Investment says ..

Property Oracle says ..

The property is located on Queens Parade, Queens Road, London, NW4, in the West Hendon area of Barnet. It’s a plot of land, and the images show a building that appears to be in need of significant renovation. The building is situated on a busy road and is close to local amenities and transport links. Hendon train station is approximately 1.38km away, providing access to the Thameslink line. Several schools are within a kilometre radius, including St Joseph’s Catholic Primary School and Parkfield Primary School, both rated ‘Good’ by Ofsted.

The average house price in the area is £739,762, with an average price per square foot of £490. However, the listed price of £1,400,000 for this plot is significantly higher than the average. This is likely due to the size of the plot and its potential for redevelopment. The lack of specific details regarding the plot size and the building’s current condition makes it difficult to definitively assess the value. The images suggest the property requires substantial renovation work, which would need to be factored into any development plans, impacting the overall cost and profitability. Further investigation into planning permissions and potential development costs is necessary for a complete financial assessment.

Given the need for significant renovation, the condition of the property is likely low. The location, while convenient due to its proximity to transport and schools, is also on a busy main road, which may be a negative factor for some potential buyers. Information on the plot size is missing, preventing a proper assessment of the land score. Without knowing the exact dimensions of the plot, it’s impossible to determine whether it is a large or small plot relative to other properties in the area.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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