Land and New Homes says ..

Property Oracle says ..

This property, located on Marlowes in Hemel Hempstead, is listed as a development opportunity. The listing clearly indicates that the property is a former office space requiring a complete transformation into a one-bedroom residential dwelling. The provided photographs show that the internal structure needs extensive work. The exterior reveals a brick building in need of renovation, but located on an established street within the town center. This suggests that location may be a positive factor, however the images show a somewhat industrial-looking back yard space for the property. There is no garden and the associated land is very minimal, being an existing building. The property is being sold at auction. The images reveal that the existing structure requires significant renovation, including complete internal remodeling and potential exterior enhancements. While the location is convenient with close proximity to Hemel Hempstead train station and local schools, the condition of the property dictates the need for a high upfront investment. Nearby properties show a range of prices. Overall, this property presents a significant project for a buyer who is experienced with renovations and recognizes the potential value to be realized upon completion of the development. It is difficult to place an accurate per sqft value on the property due to the condition and lack of precise detail in this field, given that it is an auction listing.

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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