Charnwood, King Edward Street, Hemel Hempstead, Hertfordshire, HP3 0AD

Description

A Vacant Six Room Semi Detached House. Offered with Planning Permission for Various Extensions to Increase the Size of the House from 904 sq ft to 2,120 sq ft

Accommodation

Lower Ground Floor: Cellar. Ground Floor: Two Reception Rooms, Kitchen, Bathroom. First Floor: Three Bedrooms.

Location

The property is situated on a residential road close to local shops and amenities. Numerous green open spaces are within easy reach. Transport links are provided by Apsley rail station.

Tenure / Property Information

Investment Analysis

The strongest supplied comparable is 17 King Edward Street at £534,000 in February 2025, with 16 King Edward Street at £627,500 in 2020. However, the comparable properties' sizes, condition, accommodation and extension status are not supplied, so a reliable subject-specific GDV cannot be established. The property's proposed increase from 904 sq ft to 2,120 sq ft is stated, but planning details, build costs and completed-market evidence are unavailable.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Review the planning permission, legal pack, build quotations and a suitably comparable completed-value appraisal before considering a development or resale strategy.

Works Required

Consideration of the extensions covered by the stated planning permission, subject to reviewing the consent, drawings, conditions and legal pack. No additional defects or refurbishment requirements are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be reliably underwritten because refurbishment costs, completed GDV and refinance value are not supported. The stated planning permission may provide development potential, but the consent details, build budget and post-works valuation require verification.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £400 pcm, equivalent to £4,800 annually. Against the £350,000 guide, this indicates a gross yield of approximately 1.37% before finance, operating costs, vacancy and tax. The rent is not an achieved or passing rent, and no completed-property rental evidence is supplied.

Flip Analysis

A flip appraisal cannot be completed reliably. Although nearby completed sales include £534,000 and £627,500, the comparables' condition, size and extension status are unknown. Build costs, professional costs, selling costs and a supported completed GDV are unavailable.

Investor Risks & Due Diligence

• Planning permission details, conditions and deliverability are not supplied.

• No refurbishment or extension construction costs are evidenced.

• Comparable sale sizes, conditions and extension status are unavailable.

• The £400 pcm figure is an advertised asking rent rather than achieved or passing rent.

• Buyer disbursements and other special-condition charges may be payable in addition to the £1,800 administration charge.

• No EPC, heating or council tax information is supplied.

Recommendation

Do not bid on the current evidence alone. Review the planning permission, legal pack, build quotations and a suitably comparable completed-value appraisal before considering a development or resale strategy.

Strategy Rating

Analysis Confidence

Some sale evidence, guide price, occupancy, tenure and planning potential are supplied, but there is no subject condition assessment, planning detail, build cost, reliable achieved rent or comparable-property specification.