Hemel Hempstead Apsley Depot, Apsley Lock, Hemel Hempstead, Hertfordshire, HP3 9RE

Description

Freehold development site with outline planning permission for the demolition of the former British Waterways Depot in Apsley and the erection of 4 three-storey townhouses accessed via a private drive. Redevelopment site in an established Apsley residential setting, with access and layout considered at outline stage. Scale, appearance and landscaping reserved for future approval. The property benefits from a waterside location on the Grand Union Canal.

Location

The property is situated on the east side of Apsley Lock. Shops and amenities are available in Apsley. Sainsbury's Hemel Hempstead Supermarket is approximately 0.2 miles towards the west. Apsley Train Station is located 0.4 miles to the south east. The M1 is to the west and Heath Park is nearby.

Tenure / Property Information

Investment Analysis

The guide is £795,000+ for a vacant freehold development site with outline planning permission for four three-storey townhouses. The evidence does not provide dwelling sizes, specification, reserved-matters approval, build costs, professional fees, infrastructure costs or completed residential comparables. The supplied sales are nearby but concern other property types and cannot support a reliable GDV. A financial bid assessment is therefore not supportable from the evidence provided.

Investment Snapshot

Strategy Recommendation

Treat as a development appraisal opportunity only. Do not rely on the guide as evidence of viability; obtain a full planning, build-cost, professional-fee, infrastructure, finance and end-value appraisal before bidding.

Works Required

Demolition of the former depot and development of four three-storey townhouses, subject to the existing outline permission and future reserved-matters approval for scale, appearance and landscaping. Build, infrastructure, professional and statutory costs are not supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable from the evidence. The site requires a four-home development, but total acquisition, construction, professional, finance and refinance values are unavailable; no GDV or rental evidence can be established.

Buy-to-Let Analysis

BTL analysis is not supported. This is a development site rather than an existing lettable dwelling, and no sufficiently specific rental evidence or completed-house specification is provided.

Flip Analysis

A development resale strategy may be possible in principle because outline planning exists for four townhouses, but GDV and total project cost cannot be calculated. The supplied nearby sales are different property types and are insufficient for a resale appraisal.

Investor Risks & Due Diligence

• Outline planning leaves scale, appearance and landscaping for future approval.

• Construction, demolition, infrastructure, professional, statutory and finance costs are not provided.

• No sufficiently specific residential comparables or rental evidence support GDV or income assumptions.

• Additional seller or third-party charges may apply.

• The guide is £795,000+ and is not evidence of development viability.

Recommendation

Treat as a development appraisal opportunity only. Do not rely on the guide as evidence of viability; obtain a full planning, build-cost, professional-fee, infrastructure, finance and end-value appraisal before bidding.

Strategy Rating

Analysis Confidence

The planning concept, tenure, vacancy and guide are supplied, but there are no dwelling sizes, detailed consent parameters, development costs, residential GDV evidence, rental evidence or buyer/admin fee figures.