Trilogy says ..

Property Oracle says ..

Clarendon House, situated on West Street in Dorking town centre, presents a compelling investment opportunity, but one that requires careful consideration. The property consists of a Grade II listed building with a later extension and a sizeable associated car park. The listing highlights the significant potential for development, refurbishment, or continuation of its existing use.

The location is undoubtedly a strength. Dorking is a desirable town in Surrey with good transport links to London and surrounding areas. The proximity to shops, schools (several highly-rated schools are nearby), and train stations makes it highly attractive. The surrounding streets have a mix of property types indicating a healthy and diverse market.

The building itself seems structurally sound from the exterior photographs, but undoubtedly needs modernisation and likely extensive refurbishment. The images show some wear and tear that could impact the overall desirability of the property in its current state. Any potential buyer should factor in significant renovation costs.

The large car park adds significant value and potential. However, the current use as parking only limits its immediate functionality. The scale of this land provides considerable scope for development, either an extension of the existing building or constructing new properties, subject to securing the necessary planning permissions.

The listing price of £2,000,000 is clearly substantial. It is in the upper end of the market in Dorking. The value of the property is strongly tied to its development potential. Therefore, the true market value and feasibility of the project will depend heavily on securing planning permission and any financial limitations in completing the project. Any potential buyer should conduct thorough due diligence, including obtaining professional valuations and planning advice, before making a bid.

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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