Allen Heritage says ..

Property Oracle says ..

This property listing on Dell Road, Northchurch, Berkhamsted, is not for a completed dwelling, but rather a plot of land with planning permission granted for the demolition of an existing bungalow and the construction of two detached houses. The listing price of £950,000 represents the value of the land and the potential for development rather than the value of an existing structure. The location in Northchurch is advantageous, with a good local primary school and relatively easy access to Berkhamsted train station for commutes to London. The plot size appears significant, allowing for the building of two sizable houses. However, the absence of detailed plans, size specifications, and estimated construction costs makes it challenging to evaluate the long-term economic viability. The provided images show a computer generated image of the new proposed properties and an aerial shot of the current site. While the aerial photo gives a visual idea of the plot size and the current bungalow, it does not help in determining if the current structure is of any value. The absence of information such as the exact square footage of the proposed houses, detailed architectural plans, and projected construction costs hinders a complete financial appraisal. Nevertheless, the existing plot of land is considered suitable for the project, given the planning permission already secured. Potential buyers should undertake independent due diligence before any decision is made to purchase the property in its current state. The current price should be viewed as the combined value of the land and the approved planning permission for the proposed development. Investors interested in this type of project should make sure to factor in all necessary costs before committing to such a project.

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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