Home Counties says ..

Property Oracle says ..

This property listing is for a plot of land located on Kemble Close in Potters Bar, Hertfordshire. The land is currently undergoing some form of redevelopment, as evidenced by the images showing cleared ground, potential groundwork and the removal of an existing structure. The listing refers to it being ‘subject to planning,’ suggesting that any prospective buyer needs to secure necessary permissions for development.

The location in Potters Bar is a positive aspect. Potters Bar offers good transport links, with several train stations within reasonable proximity providing convenient access to London and other areas. The area also benefits from access to local schools and amenities, contributing to its desirability. However, the immediate environment of the property itself is largely determined by the ongoing development work.

The lack of specific details regarding the size of the plot, any planning permissions already obtained and existing infrastructure is a significant drawback. Buyers must undertake thorough due diligence to determine the development viability, costs associated, and potential return on investment. The existing images show work in progress and it’s not possible to determine if this work has the required permits. The price of £150,000, while potentially reasonable considering the area, is entirely dependent on the successful completion of any proposed development and securing the necessary planning permissions. The absence of key information regarding the plot size makes it hard to fully assess the value for money. Prospective buyers need to carefully consider these factors before making an offer.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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