Robertson Phillips says ..

Property Oracle says ..

This property is a freehold development site located on Greenford Road in Harrow, near Cavendish Avenue. The land is approximately 3,200 sq ft. The current state of the site is undeveloped and requires substantial work. Previous planning permission has lapsed and would need to be re-applied for before any construction can begin. The site’s location offers convenience in terms of nearby transportation links such as Sudbury Hill station (Chiltern Railways), providing access to London. The presence of schools nearby adds to the property’s appeal for families. However, it’s important to note the immediate surroundings appear to be less than desirable, and the land itself is currently overgrown and in a state of disrepair. The existing structure is not habitable and will need to be demolished and rebuilt. This property presents a potentially lucrative investment opportunity for developers or individuals who want to build their dream home but with significant upfront costs and potential planning hurdles to overcome. Investors should carefully assess the required planning permissions, construction costs and potential return on investment before making any decisions. The provided price is competitive given comparable land purchases in the locality. However, thorough due diligence is needed considering that there is significant outlay required. The absence of key data such as exact square footage and existing structural features should be clarified before any final valuation is undertaken.

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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