The price of £1,600,000 for a plot with planning permission for two four-bedroom houses in Hampstead is competitive considering the prime location. However, the lack of an existing building and the inherent risks of a development project prevent the price from achieving a higher score. Comparable properties in the area, although different property types, support the price’s reasonableness, although these comparisons are limited by the lack of sqft data for the property in question.

Based on the provided image, the property appears to be part of a larger building and currently undergoing construction or renovation. While the existing structure seems sound, it’s not fully finished and lacks visible internal details. Therefore a middling score is given.

The property boasts an exceptional location in Hampstead Town, Camden, known for its affluent character, beautiful green spaces (Hampstead Heath is nearby), and excellent schools. The proximity to transport links, including several Overground stations within a reasonable distance, further enhances its desirability.

The listing explicitly states the property is a cleared site; therefore, there is no garden or existing land for residential use. The planning permission to build multiple houses indicates the land’s size is sufficient for development but not for immediate occupancy or enjoyment as a garden space.