White & Sons says ..

Property Oracle says ..

This property presents a unique opportunity for developers or investors seeking a large plot of land in a well-connected location. Situated on Station Road in Horley, Surrey, it is less than a kilometer away from Horley train station offering convenient access to Gatwick Airport and London. The plot size is 0.94 acres, providing considerable development potential. Several well-regarded primary schools are in the immediate area, making the location family-friendly. The existing buildings on site appear to be in fair structural condition; however, the interiors are largely vacant and show clear signs of age, neglect and require full refurbishment. The listed price of £1,850,000 reflects the significant land value. However, potential buyers should account for the substantial costs associated with redevelopment. The property is not suitable for immediate occupancy and requires a significant investment. Before making any offers, it is crucial to obtain necessary planning permissions for the proposed development and assess the associated costs of refurbishment or demolition and new construction. The area has a mix of residential and commercial properties and the proximity to the train station ensures that transport links are good. This is important for potential residential and commercial uses. Successful development could lead to a return that justifies the listing price. However, the risks associated with development and planning permissions should be carefully assessed.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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