Savills says ..

Property Oracle says ..

This property at 58 West Barnes Lane, New Malden, is being auctioned as a development opportunity. The listing highlights planning permission for demolishing the existing structures (which appear to be dilapidated sheds in poor condition) and building a three-story, two-bedroom house. The site’s location in New Malden offers good access to transport links and schools, making it potentially attractive to developers. However, the immediate street view of the property isn’t appealing; the area appears less maintained than other nearby streets, which may impact the finished property’s value. The listing price of £100,000 is relatively modest for a development site in London, however, the lack of specific plot measurements, costs of demolition and redevelopment, and the overall risk associated with a development project should be taken into account before considering a bid. Due diligence to confirm the full planning permissions and potential construction costs is essential for any prospective buyer. The existing buildings are clearly in need of substantial work; the images suggest a high degree of demolition and refurbishment will be needed. Overall, this is a development opportunity with potential but requires careful assessment of costs and risks before investing.

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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