Elliott James - Prime Residential says ..

Property Oracle says ..

This property presents a unique development opportunity in Chigwell, Essex. The listing highlights outline planning permission for three detached properties. The existing structure is visible in the photographs and appears to be well maintained, although specifics on its condition aren’t provided. The substantial plot of land is a key feature, offering considerable potential for development. The location in Chigwell, known for its affluent atmosphere and proximity to good schools, adds to the investment appeal. The asking price of £2,300,000 requires further analysis to fully assess its value, given the land size, planning permission, and potential return. Whilst the property is located in an area with well-regarded schools such as Limes Farm Junior School, it does not appear to be particularly close to the closest underground station, limiting its direct transport links. Detailed financial projections, including building costs and potential sale prices of the completed dwellings, are essential for evaluating the overall financial viability of this project. A full structural survey is also advisable before committing to the purchase.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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