Clarke Gammon says ..

Property Oracle says ..

This property presents a unique investment opportunity in Haslemere, Surrey. Currently listed as an unconverted chapel, it holds planning consent for conversion into two maisonettes and one apartment. The location on Kings Road is excellent, offering easy access to Haslemere’s train station and local schools. The proximity to good transport links and schools is a strong selling point. However, prospective buyers should be prepared for significant renovation costs. The property’s current state requires substantial work to transform it into habitable dwellings. The absence of a garden or substantial land area might be a drawback for some buyers. The listed price reflects the development potential; however, a precise evaluation would need to factor in all associated conversion costs. Given the conversion potential and the desirable location the price is within reason; it is likely to be a popular investment, particularly to buyers who have a track record of successful property development projects. The limited sqft information in the nearby property listings makes comparison difficult, although the price is reasonably in line with other, more complete, properties in the area. The current pricing of similar types of properties in the area suggests the conversion plan should likely generate a reasonable ROI. Therefore, the property is a moderate risk high-reward development opportunity.

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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