Harris Wickens Ltd says ..

Property Oracle says ..

This property presents a unique investment opportunity. It comprises a three-bedroom house in the attractive Surrey village of Capel, coupled with planning permission for the construction of three additional homes. The existing house is presented in good condition, as indicated by internal photographs of a renovated kitchen, modern bathroom, and well-maintained living spaces. The interior design is appealing, with a combination of modern and traditional elements. The property features a sizeable garden, creating a desirable living environment.

The village location offers a tranquil setting, yet remains within a reasonable distance to Ockley train station, providing connectivity to London and surrounding areas. Nearby schooling options exist, although the Ofsted ratings of the closest schools vary, highlighting the need for further individual investigation by prospective buyers.

The most significant aspect of the property is undoubtedly the planning permission for three new homes on the land. This drastically increases the property’s overall value and presents considerable potential for future development or rental income. This development potential significantly impacts the perceived value for money. However, buyers should factor in the costs and timelines associated with such a project, including potential planning changes or delays, and carry out due diligence regarding the planning permission. Overall, this property is suited to buyers with the financial resources and experience to leverage this development potential.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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