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Plot 2 Chestnut Farm, Woodfield Lane, AL9 - Image 1
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Plot 2 Chestnut Farm, Woodfield Lane, AL9 - Image 3
Plot 2 Chestnut Farm, Woodfield Lane, AL9 - Image 4
Plot 2 Chestnut Farm, Woodfield Lane, AL9 - Image 5
Plot 2 Chestnut Farm, Woodfield Lane, AL9 - Image 6
Plot 2 Chestnut Farm, Woodfield Lane, AL9 - Image 7
Plot 2 Chestnut Farm, Woodfield Lane, AL9 - Image 8
Plot 2 Chestnut Farm, Woodfield Lane, AL9 - Image 9
Plot 2 Chestnut Farm, Woodfield Lane, AL9 - Image 10

Plot 2 Chestnut Farm, Woodfield Lane, AL9

East of England

£500,000
Listed on 07/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
1584 sqft

Description

Set on a generous plot of approximately 2.96 acres within the scenic Essendon countryside, this property presents a unique opportunity for both families and investors. Accessed via a private road, it features an existing agricultural barn with planning permission in place to transform part of it into a three-bedroom detached home, measuring 147.15 square meters. The remaining area will continue to be utilized for storage purposes. This project not only allows for significant customization but also capitalizes on the growing demand for rural living while offering the convenience of established permissions under the Welwyn and Hatfield planning regulations. With ample land available, this investment offers potential for further development or expansion, making it an attractive proposition in today's market.

Investment Analysis

(AL9 area)

Below Market Value

This property is priced -39.5% below area average per sq ft

-39.5%
Potential saving
This Property
£316/sq ft
Area Average
£522/sq ft
Avg Rent (weekly)
£424
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£909,620
10% above area average per sq ft
Potential ROI
+46.7%
After renovation
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 2 Chestnut Farm, 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
£1,771
Based on a loan of £375,000 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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