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Band Lane, Egham

London

£675,000
Listed on 09/03/2026

Property Details

Bedrooms
N/A
Type
Detached house
Area
2882 sqft

Description

Alchemy House is a detached two-storey building, built in the 1960s and currently used as office space. Internally, it features a blend of open-plan layouts and individual offices, alongside meeting rooms and support facilities. This property sits on a prominent corner plot, complemented by surrounding land that enhances its redevelopment possibilities. While the current configuration serves its purpose, modernisation could significantly elevate its value, offering prospective buyers a chance to improve the asset through upgrades or asset management strategies. The property is presently under planning consideration, which presents an intriguing opportunity for investors looking to tap into additional value. With appropriate permissions, the site could be transformed into: - Upgraded commercial office spaces - Alternative commercial uses - Potential mixed-use developments - Reconfiguration or extension of the existing structure Interested parties are encouraged to consult with Runnymede Borough Council regarding planning options. Located at the heart of Egham town centre, Alchemy House is a unique chance to acquire a freehold commercial building with significant development potential. The property spans approximately 2,904 sq ft on a 0.17 acre site and is conveniently situated near Egham railway station and in close proximity to Heathrow Airport and the M25 motorway. Egham itself is well-connected and benefits from strong demand due to its closeness to Heathrow Airport, central London, and local employment hubs including Royal Holloway University of London. These factors boost the area's appeal for both commercial operations and potential mixed-use projects. With excellent transport links such as direct access to London Waterloo from Egham Railway Station (just a four-minute walk away), along with easy access to major roadways like the M25 and proximity to Heathrow Airport (about five miles), Alchemy House stands out as an attractive option for future occupiers or redevelopment ventures. This property presents a strategic investment opportunity with multiple avenues for improvement – whether retained for commercial use or repurposed for residential or mixed-use developments – making it ideal for investors seeking a project with substantial upside potential.

Investment Analysis

(TW20 area)

Below Market Value

This property is priced -53.9% below area average per sq ft

-53.9%
Potential saving
This Property
£234/sq ft
Area Average
£508/sq ft
Avg Rent (weekly)
£525
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£1,609,035
10% above area average per sq ft
Potential ROI
+107.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (TW20)

Area prices are falling by -3.4% over the last 12 months
3 year growth: +1.2%
5 year growth: +4.3%
Investment Disclaimer: Analysis based on TW20 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

Band Lane, Egham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,434
Based on a loan of £506,250 over 30 years at 4.06% 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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