Blatches Barn, Church Lane, Little Canfield, Dunmow, Essex

Description

A rare opportunity to purchase a barn with planning permission to convert to a residential dwelling on the edge of the popular village of Little Canfield. The property and land is currently let to a local community project for £3,000PA.

Accommodation

Proposed accommodation: Ground Floor: Open Plan Kitchen/Dining Room; Living Room; Master bedroom with ensuite and dressing room; 2nd bedroom with ensuite and dressing room; WC/Shower Room; Utility Room/Boot Room; Study. Mezzanine: Space for third bedroom or reception.

Location

On the edge of the popular village of Little Canfield.

Tenure / Property Information

Investment Analysis

The £140,000+ guide cannot be tested against completed sales because no sold comparables or formal valuation evidence is supplied. The property has planning permission for residential conversion, but GDV, conversion costs and buyer fees are unsupported.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, planning permission and lease, and obtaining a conversion cost plan and residential valuation. On the supplied evidence, retain the existing lease rather than underwriting an unquantified conversion strategy.

Works Required

Convert the barn in accordance with the stated planning permission, including the proposed kitchen/dining room, living room, bedrooms with ensuites and dressing rooms, utility/boot room, study, WC/shower room and mezzanine. No condition or construction-cost evidence is supplied.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is not supportable because conversion costs, GDV, finance costs and refinance value are unavailable. The existing lease also remains relevant until March 2030.

Buy-to-Let Analysis

The existing commercial lease produces £3,000 per annum until 12 March 2030. Against the £140,000 guide, this is approximately 2.14% gross before fees and costs. Residential BTL rent after conversion cannot be established from the supplied evidence; the £4,995 pcm listing is only an advertised asking rent and is not verified as comparable.

Flip Analysis

A flip appraisal cannot be calculated because there are no completed comparables, supported GDV, conversion budget or selling-cost allowance. Planning permission provides potential but not a quantified resale margin.

Investor Risks & Due Diligence

• The property is subject to a commercial lease producing £3,000 per annum until 12 March 2030.

• Residential conversion costs and existing building condition are not supplied.

• No supported GDV or completed comparable sales are available.

• Buyer, administration and other acquisition fees are unspecified.

• The stated £4,995 pcm rent is an advertised asking rent and is not verified as achieved or directly comparable.

Recommendation

Proceed only after reviewing the legal pack, planning permission and lease, and obtaining a conversion cost plan and residential valuation. On the supplied evidence, retain the existing lease rather than underwriting an unquantified conversion strategy.

Strategy Rating

Analysis Confidence

The guide, tenure, lease income, lease expiry and proposed accommodation are supplied, but there are no completed comparables, GDV evidence, works budget, condition details, buyer fees or verified post-conversion rent.