We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · AL9 7QW
Listing removedListed 203 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled within 2.96 acres (stv) of Essendon countryside this secluded plot accessed by a private road.
Offers an exclusive once-in-a-lifetime opportunity for families or developers to create a bespoke conversion, a 3 bedroom 147.15 sq mtr’s detached home, this plot comes with full planning permission Welwyn and Hatfield planning Ref Number 6/2024/1570/PN10 Paragraph taken from Planning statement by pna: (c) the floor space of any dwellinghouse developed under Class Q having a use falling within Class C3 (dwellinghouses) of Schedule 1 to the Use Classes Order exceeds 150 square metres The existing agricultural barn has a footprint of 208sq m and our submitted proposals propose converting 147.15sq m of this to residential use with the remainder remaining in storage use.
Our proposals do not therefore exceed the 150sqm maximum floor space above.
Application No: 6/2024/1570/PN10 Application Date: 19 August 2024 Date of Approval: 14 October 2024 Determination by the local planning authority in respect to Prior approval under schedule 2, part 3, class Q of the town and country planning (general permitted development) (england) order 2015 Welwyn Hatfield Borough Council hereby confirm that their prior approval is required and given for the proposed development which meets the above requirements of the Town and Country Planning (General Permitted Development) (England) Order 2015 at the address shown, as described by the description, and in accordance with the information that the developer provided to the Local Planning Authority.
Development: Prior approval for the change of use and conversion of existing agricultural storage building to one 3-bedroom dwelling Anti-Money Laundering (aml) Chas R Lowe Estates is required to carry out Anti-Money Laundering (aml) checks in accordance with regulations set by hm Revenue and Customs (hmrc) for all property transactions.
It is a legal requirement for both buyers and sellers to complete these checks successfully before any transaction can proceed.
For buyers, where any part of the purchase funds are being provided as a gift, the individual(s) providing the gifted funds will also be required to undergo aml checks.
We utilise Coadjute’s Assured Compliance service to undertake these aml checks. A fee of £27.00 plus VAT will be charged per individual for each aml check conducted. Parking - Off Street
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About Plot 2 Plot 2 Chestnut Farm, Essendon
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