Lumley Estates says ..

Property Oracle says ..

This property is a large detached house located on Barnet Lane in Elstree, Hertfordshire. It boasts a substantial size of 8,923.28 square feet and includes 9 bedrooms and 6 bathrooms. The house is situated in a highly sought-after area known for its exclusivity and excellent transport links to London via the nearby Elstree & Borehamwood train station.

The property appears to be well-maintained externally, presenting an attractive brick facade and ample gardens. However, the interior photos showcase a design aesthetic that may be considered dated by some. Whilst the home is large, and includes amenities such as a pool table, large kitchen, and ample space. Some elements, such as carpeting and certain fixture’s, look like they could benefit from an update. The level of modernisation needed would ultimately affect the overall value.

The property’s location in Elstree contributes significantly to its value. The area is renowned for its desirable residential characteristics, high-quality schooling options, and convenient access to both local amenities and central London. The existence of approved planning permission for a development project (9 apartments or a full refurbishment) adds another layer of complexity to the valuation, as this opens up opportunities for future development and likely influences the current list price.

In summary, this is a substantial property in a prime location. However, the value proposition would depend on the buyer’s assessment of the required modernisation, coupled with an understanding of the property’s development potential.

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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