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Plot 1 Bungalow Woodfield Lane Al9

East of England

£1,500,000
Listed on 07/04/2026

Property Details

Bedrooms
5
Type
Detached Bungalow

Description

Nestled in a peaceful yet conveniently located area of Essendon, this property offers significant potential for renovation and redevelopment. Just three miles from Brookmans Park, residents will find easy access to local amenities including shops, restaurants, and transport links. The strategic positioning near the M25, A1, and A414 enhances accessibility for commuting. The existing detached bungalow features five bedrooms along with two family bathrooms and three en-suites. This expansive plot spans approximately 2.7 acres and includes a 200 square metre agricultural building that benefits from planning permission for a 90 square metre annex. With the possibility of expanding the current bungalow into a spacious two-storey home of up to 385 square metres, this property represents an exceptional opportunity for developers or families looking to create their ideal residence in a desirable location. Further details can be obtained from the Welwyn and Hatfield planning portal under references 6/2024/0021/PN27 & 6/2024/0018/LAWP.

Investment Analysis

(AL9 area)
Area Average
£522/sq ft
Avg Rent (weekly)
£424
Avg Yield
2.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (AL9)

Area prices are falling by -9.5% over the last 12 months
3 year growth: -1.7%
5 year growth: -4.6%
Investment Disclaimer: Analysis based on AL9 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

Plot 1 Bungalow Woodfield Lane Al9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£5,313
Based on a loan of £1,125,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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