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Plot 2 Chestnut Farm, Woodfield Lane AL9 - Image 1
Plot 2 Chestnut Farm, Woodfield Lane AL9 - Image 2
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Plot 2 Chestnut Farm, Woodfield Lane AL9

East of England

£500,000
Listed on 16/04/2026

Property Details

Bedrooms
3
Type
Land
Area
1584 sqft

Description

Set on a generous 2.96-acre plot in the tranquil Essendon countryside, this property presents a remarkable opportunity for developers or families looking to craft a personalized living space. The site currently features an agricultural barn with full planning permission for converting 147.15 square meters into a three-bedroom residence, while maintaining part of the structure for storage. With its expansive grounds and potential for bespoke development under the Class Q permitted development rights, this property invites creative renovation ideas that could yield significant returns. The approved project adheres to local planning regulations, making it a solid investment in the burgeoning East of England 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
£60,000 - £90,000
Target Value
£909,620
10% above area average per sq ft
Potential ROI
+54.2%
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

This calculation uses non-residential (land/commercial) tax rates.

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