Development Opportunity- Woking
AL

Development Opportunity- Woking

By Allen Heritage

£ 1,000,000

Reviews

3 out of 5 stars

Allen Heritage says ..

Planning permission has been approved to demolish the existing bungalow and replace it with two detached, four-bedroom family homes

Property Oracle says ..

This property in Woking, Surrey, presents a development opportunity. The existing bungalow is slated for demolition to make way for two detached, four-bedroom family homes, based on approved planning permission. The location benefits from proximity to several well-regarded schools and multiple train stations offering convenient access to Woking town centre and beyond. Images reveal a property in reasonable structural condition, though visual inspection suggests it is dated and would require refurbishment. The property’s significant plot size is its key asset, providing substantial potential for a lucrative development project. While the £1,000,000 asking price is within the range of similar properties in the area—considering the redevelopment aspect—a more precise valuation is challenging due to limited comparable data on this type of development. Overall, the property offers a potentially attractive investment opportunity for developers or investors looking to capitalize on the approved plans for two new homes.

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
5
Location
7
Land
6
Bedrooms
0
Bathrooms
0
Sqft (est)
700.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
149,750.00 £
Decreased by 62.13 %
from 395,436.00 £
Est sale value
205,800.00 £
Decreased by 36.09 %
from 322,000.00 £
Average area rental value
1,531.00 £/mo
Decreased by 8.76 %
from 1,678.00 £/mo
Est letting value
2,100.00 £/mo
Increased by 200.00 %
from 700.00 £/mo
Est rental Yield
12.27 %
Increased by 141.06 %
from 5.09 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • Allen Heritage created the listing.

Nearby Schools

NameTypeOfstedDistance
Woking Sure Start Children'S CentreChildren's Centre0.41 KM
Broadmere Primary AcademyAcademy ConverterGood0.47 KM
The Bishop David Brown SchoolAcademy ConverterGood0.71 KM
New Monument Primary AcademyAcademy ConverterGood1.42 KM
Greenfield SchoolOther Independent School2.12 KM

Images

Site View, Rear Site Location Site Plan Site View Front Proposed New Dwellings Site View from side

Nearby Streets

NameAverage PriceAverage SqftDistance
St Michael's Road £ 380,00000.00 KM
The Glade £ 000.00 KM
Forest Close £ 1,250,00000.00 KM
Birch Grove £ 1,523,75000.00 KM
Albert Drive cycle path £ 562,50000.00 KM

Nearby Transport

NameNLCTLCDistance
West Byfleet5684WBY2.79 KM
Woking5685WOK3.62 KM
Byfleet And New Haw5689BFN5.61 KM
Chertsey5553CHY5.97 KM
Addlestone5550ASN6.44 KM

Nearby Listings

AddressPriceTypeScoreDistance
Development Opportunity- Woking £ 1,000,000BUY6 / 100.00 KM
Lynwood Close, Woodham, GU21 £ 800,000BUYUnknown0.29 KM
Woodham Lane, Woodham, Surrey, GU21 £ 1,150,000BUY7 / 100.34 KM
Woodham Lane, Woodham, Surrey, GU21 £ 725,000BUY6 / 100.34 KM
LYNWOOD CLOSE, WOKING £ 900,000BUY6 / 100.36 KM

Nearby Properties

AddressPriceDistance
487 Woodham Lane £ 655,2100.07 KM
483 Woodham Lane £ 750,0000.07 KM
479 Woodham Lane £ 547,5000.07 KM
481 Woodham Lane £ 690,0000.07 KM
28 Laurel Crescent £ 400,0000.11 KM