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 %
- Est sale value
- 205,800.00 £Decreased by 36.09 %
- Average area rental value
- 1,531.00 £/moDecreased by 8.76 %
- Est letting value
- 2,100.00 £/moIncreased by 200.00 %
- Est rental Yield
- 12.27 %Increased by 141.06 %
- Crime Rate
- 3.00 %Unchanged by 0.00 %
Agent Activity
Allen Heritage created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Woking Sure Start Children'S Centre | Children's Centre | 0.41 KM | |
| Broadmere Primary Academy | Academy Converter | Good | 0.47 KM |
| The Bishop David Brown School | Academy Converter | Good | 0.71 KM |
| New Monument Primary Academy | Academy Converter | Good | 1.42 KM |
| Greenfield School | Other Independent School | 2.12 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| St Michael's Road | £ 380,000 | 0 | 0.00 KM |
| The Glade | £ 0 | 0 | 0.00 KM |
| Forest Close | £ 1,250,000 | 0 | 0.00 KM |
| Birch Grove | £ 1,523,750 | 0 | 0.00 KM |
| Albert Drive cycle path | £ 562,500 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| West Byfleet | 5684 | WBY | 2.79 KM |
| Woking | 5685 | WOK | 3.62 KM |
| Byfleet And New Haw | 5689 | BFN | 5.61 KM |
| Chertsey | 5553 | CHY | 5.97 KM |
| Addlestone | 5550 | ASN | 6.44 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Development Opportunity- Woking | £ 1,000,000 | BUY | 6 / 10 | 0.00 KM |
| Lynwood Close, Woodham, GU21 | £ 800,000 | BUY | Unknown | 0.29 KM |
| Woodham Lane, Woodham, Surrey, GU21 | £ 1,150,000 | BUY | 7 / 10 | 0.34 KM |
| Woodham Lane, Woodham, Surrey, GU21 | £ 725,000 | BUY | 6 / 10 | 0.34 KM |
| LYNWOOD CLOSE, WOKING | £ 900,000 | BUY | 6 / 10 | 0.36 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 487 Woodham Lane | £ 655,210 | 0.07 KM |
| 483 Woodham Lane | £ 750,000 | 0.07 KM |
| 479 Woodham Lane | £ 547,500 | 0.07 KM |
| 481 Woodham Lane | £ 690,000 | 0.07 KM |
| 28 Laurel Crescent | £ 400,000 | 0.11 KM |