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Herne Park/East Road - Image 1
Herne Park/East Road - Image 2

Herne Park/East Road

East of England

£100,000
Listed on 17/01/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This vacant site, spanning approximately 143.30m², is located at the intersection of Herne Park and East Road, making it a prime candidate for a variety of development opportunities. The property holds potential for residential, commercial, or mixed-use projects, pending the necessary planning approvals. Currently overgrown with natural vegetation, the site presents a blank canvas for renovation or new construction. It benefits from dual frontages—one along East Road and another along a privately owned estate road in Herne Park, providing ease of access and visibility. The irregularly shaped lot measures roughly 20m by 11m, offering sufficient space to explore numerous design possibilities. Being freehold with vacant possession upon completion allows for immediate development without tenant complications. Essential services are readily available nearby, further enhancing the site's appeal as a redevelopment opportunity. Given its strategic location and potential uses, this property offers an attractive investment prospect for those looking to capitalize on growth in the area.

Investment Analysis

(PE8 area)
Area Average
£319/sq ft
Avg Rent (weekly)
£319
Avg Yield
3.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PE8)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -3.8%
5 year growth: 2.6%
Investment Disclaimer: Analysis based on PE8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Herne Park/East Road
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£366
Based on a loan of £75,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE