Beresfords says ..
The plot is 0.71 acres in size (STS) and comprises a barn and outbuildings that formed part of Greensted Hall and gardens, with planning permission for demolition of existing buildings and erection of single large dwelling, formation of vehicular access and landscaping.
Property Oracle says ..
This property in Church Lane, Ongar, Essex, presents a unique opportunity for self-builders. Currently, it consists of a 0.71-acre plot containing a barn and outbuildings in disrepair, all part of the former Greensted Hall and gardens. The significant advantage is that planning permission has already been granted for the demolition of the existing structures and the construction of a single, large dwelling. This eliminates a significant hurdle and reduces the development timeline and associated costs. The location itself, while needing private transport, is considered desirable due to its proximity to local schools such as Chipping Ongar Primary School, Ongar Primary School and The Ongar Academy. While this area of Ongar may be considered more rural, the list price of £690,000, seems somewhat competitive given the size of the plot and the presence of approved building plans, although the total cost will be affected significantly by the demolition and new construction. The prospective buyer should factor in additional expenses associated with the rebuilding process which may lead the overall expenditure to be on par with other recently built properties in the region. The overall potential of this property, as an ideal blank canvas for a bespoke dream home in a sought-after area, is high, however prospective buyers should do their due diligence into the total cost of development.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 2
- Location
- 7
- Land
- 9
- Bedrooms
- 0
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 526,667.00 £Decreased by 1.43 %
- Average area rental value
- 1,200.00 £/moDecreased by 23.81 %
- Est rental Yield
- 2.73 %Decreased by 22.88 %
- Crime Rate
- 8.00 %Unchanged by 0.00 %
Agent Activity
Beresfords created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Chipping Ongar Primary School | Academy Converter | 1.28 KM | |
| Ongar Primary School | Academy Converter | 1.71 KM | |
| The Ongar Academy | Free Schools | Good | 2.95 KM |
| Moreton Church Of England Voluntary Aided Primary School | Voluntary Aided School | Good | 4.10 KM |
| High Ongar Primary School | Academy Converter | 4.19 KM |
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Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Hastingwood Court | £ 0 | 0 | 0.00 KM |
| Kimpton's Close | £ 425,000 | 0 | 0.00 KM |
| Cooper Mews | £ 0 | 0 | 0.00 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Church Lane, Ongar, CM5 | £ 690,000 | BUY | 6 / 10 | 0.00 KM |
| Church Lane, Ongar, Essex, CM5 | £ 900,000 | BUY | 7 / 10 | 0.08 KM |
| Church Lane, Ongar, CM5 | £ 895,000 | BUY | 7 / 10 | 0.14 KM |
| Sky View, Drapers Corner, Greensted, Essex CM5 | £ 895,000 | BUY | 7 / 10 | 1.12 KM |
| Greensted Road, Ongar, Essex, CM5 | £ 3,250,000 | BUY | 8 / 10 | 1.24 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| The Granary | £ 800,000 | 0.07 KM |
| Old House | £ 500,000 | 0.07 KM |
| Church Barn | £ 860,000 | 0.10 KM |
| Brew House | £ 755,000 | 0.10 KM |
| Church Meadow Barn | £ 475,000 | 0.10 KM |