Property development opportunities in London
Queen Elizabeth Riding School, Forest Side, Chingford E4 6BA
Kingsbury is offering a former riding stable on a 0.45-acre site in Chingford with planning permission for 2, 3-bedroom houses and 7 apartments over 8,542 st ft. The site is situated close to Chingford Overground Station and Epping Forest. Offers are invited in the region of £1.75m.
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9 April 2024
The City of London Corporation has approved the Hill House office scheme, which will deliver over 57,000 sq m of grade A office space to accommodate around 3,000 employees at 1 Little New Street EC4A. As part of the scheme, the Shoe Lane Library will be relocated from the basement to ground level. Additionally, the scheme involves planting 28 street trees, delivering a 500% biodiversity net gain for the area, and retaining over 90% of the existing structure. Image ©WAX.
MORE7 March 2024
Over £2bn of public and private sector investment is planned at Royal Docks delivering 36,000 homes and 55,000 jobs. This is part of a wider regeneration delivering 129,300 homes at development areas including London Riverside, Isle of Dogs, Thamesmead and Canada Water. The Royal Docks played an important role in the capital's economy from the mid-1800s until it declined in the 1960s and 1970s. It now forms one of the largest development regeneration areas in London.
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Melbourne Way, Bush Hill Park, Enfield EN1 1XG
Gilmartin Ley is offering a 1,487 sq ft (138.12 m2) surgery building in Enfield on a site area of 2,623 sq ft (243.67 sq m). The property has planning permission for use as a private dwelling house and is located 220m from Bush Hill Park railway station. The guide price for the building is £600,000.
MORE15 & 16 April 2024 | Online
The Savills April 2024 property auction includes the following lots.
A detached unmodernised property with development potential situated in the Leytonstone Conservation area at Colworth Road, E11 1JD. The guide price is £425,000.
Freehold block of flats at Liberty Court, Great North Road, Hendon NW4 1PR with planning permission for a roof extension to create four new flats. The guide price is £135,000.
Ground floor offices with planning permission for the conversion to four flats. The site overlooks the River Lee, one mile from Canary Wharf, at Leven Wharf, Leven Road E14 0LL. The guide price is £490,000.
By order of a charity, a former HMO corner building extending to 1,962 sq ft at Weston Park, Crouch End N8 9TJ. Potential for conversion to a single dwelling or flats subject to planning. The guide price is £950,000.
MORE17 & 18 April 2024 | Online
The Auction House London April 2024 property auction includes the following development opportunities.
An 11-room mid-terrace house in Delancey Street, Camden NW1 7RY with a guide price of £1.75m+.
Airspace at Parkhurst Court, Warlters Road, Tufnell Park N7 0SD, with approval for a single-storey extension to create 7 additional flats, with a guide price of £220,000+.
An office building with planning for residential conversion at Ingate Place, Battersea SW8 3NS, with a guide price of £300,000+.
A 685 sq ft plot of land at Grafton Terrace, Kentish Town NW5 4HR with a guide price of £80,000+.
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Whitecross Street, London EC1Y 8JT
Gilmartin Ley is offering a freehold commercial building with development potential subject to planning permission. The building spans 2,764 sq ft (256.82 sq m) and is situated on Whitecross Street EC1, close to Old Street roundabout. The 19th-century mid-terrace building features a roof terrace. The guide price is £1.25m.
MORE27 & 28 February 2024 | Online
The Savills 27 & 28 February 2024 property auction includes the following development opportunities.
A three-bedroom unmodernised detached house in Dyers Lane, Putney SW15 6JR in the same ownership for 38 years, with a guide price of £450,000.
A two-storey storage unit in Effra Road, Wimbledon SW19 8PP, with planning permission for a new two-bedroom house. The guide price is £330,000.
By order of receivers, a 0.97-acre plot of land at New Road, Maldon, Essex CM9 8RE, with planning permission for 17 houses. The guide price is £1.15m.
A 603 sq ft freehold plot of land at the rear of Malden Road, Kentish Town NW5 4HR, with development potential subject to planning, with a guide price of £90,000.
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22 February 2024 | Online
The Strettons February 2024 property auction includes the following development opportunities.
A 3,843 sq ft rectangular site with development potential subject to planning, at Black Horse Yard, Church Walk UB3 2RN, adjacent to Barra Hall Park, in the Hayes conservation area. The guide price is £175,000+. This lot is offered by order of the Mayor and Burgesses of the London Borough of Hillingdon.
Site extending to 0.13 acres with development potential subject to planning, at Leigh Road, East Ham E6 2AR, with a guide price of £45,000+.
Land adjacent to Westfield Close, Enfield EN3 7RU with planning permission for a two-bedroom detached house with car parking. The guide price is £85,000+.
Land at Buckingham Road, Stratford E15 1SP with lapsed planning for a new building comprising four flats. The guide price is £395,000+.
MORE1 February 2024
The Bank of England's Monetary Policy Committee (MPC) voted by a majority of 6-3 to keep the Bank Rate at 5.5%. Two members preferred to increase the rate by 0.25% and one preferred to reduce it by 0.25% to 5%. Twelve-month CPI inflation fell to 4% in December 2023 and is now expected to fall to the 2% target in the second quarter of 2024, but increase again in the third and fourth quarters.
MORE14 & 15 February 2024 | Online
The Allsop February 2024 residential property auction includes the following lots.
Virtual freehold vacant shop and upper parts comprising a four-bedroom flat at Market Place, Falloden Way, Hampstead Garden Suburb, NW11 6JT. The guide price is £700,000+. A neighbouring property is also on sale at the auction, where the shop is vacant, and the upper parts are let on an AST. The guide price is £725,000+.
Freehold former printworks with a GIA of 9,038 sq ft (839.64 sq m) on a 0.288-acre (0.117 hectares) site, at Parade Works, Park Road, Rickmansworth, Hertfordshire WD3 1HU. The site has prior approval for conversion into 12 self-contained flats. The guide price is £1.2m+.
Freehold former Scout Activity Centre in Birdhouse Lane, Orpington BR6 7LJ, with buildings totalling 13,088 sq ft ( 1,215.88 sq m) on a site of 86 acres (34.803 hectares). Development potential subject to planning. The guide price is £1.5m-£2m.
Former commercial building at Esher Road, Hersham, Walton-on-Thames KT12 4JZ, with prior approval to create 7 self-contained flats. The guide price is £600,000+.
Development site comprising two buildings at 107-111 East Street, Epsom, Surrey KT17 1EJ, with planning permission for 16 flats subject to a Section 106 agreement. The guide price is £1.5m+.
MORE8 February 2023 | Online
The Allsop February 2024 commercial property auction includes the following lots which may be suitable for development:
Freehold office building investment of 8,068 sq ft (794.5 sq m) over six floors including the basement, situated on a pedestrianised street in the City of London at Lovat Lane, EC3R 8DW. The current rent reserved is £358,798.50 pa, and the property may have residential redevelopment potential subject to planning. The guide price is £4.25m to £4.5m.
Freehold mixed-use retail and residential parade in Northfield Avenue, Ealing, W13 9SJ comprising 7 shops and 8 self-contained flats. The total rent reserved is £141,100pa. The property may be suitable for redevelopment subject to leases and planning. The guide price is £2.25m+
MORE6 February 2024 | Online
The Savills 6 February 2024 auction includes the following development opportunities:
By order of executors, two adjoining residential buildings at Cheyne Place, Chelsea, SW3 4HH. The buildings comprise 10 apartments, of which 7 are subject to leases, 1 is subject to an AST and 2 are vacant. The guide price is £5m.
Freehold office in Ingate Place, Battersea SW8 3NS with planning permission for conversion to a residential dwelling. The guide price is £370,000.
A 7-bedroom house in Ridgway Gardens, Wimbledon, SW19 4SZ with planning permission to extend the house from 4,100 sq ft to 7,000 sq ft. The guide price is £2.8m.
Freehold development site in Sternhold Avenue, SW2 4PB with planning for a 2-bedroom 2-storey house. Guide price £200,000.
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Tollgate House, Market Place, Romford RM1 3ER
A town centre mixed-use commercial building in Romford, RM1 is on sale through Kingsbury. The building, Tollgate House, totalling 9,504 sq ft, comprises two ground-floor commercial units extending to 2,250 sq ft, and office space extending to 7,254 sq ft across three upper floors. There is prior approval for the conversion of the upper floors to nine apartments, totalling 6,975 sq ft. Offer in the region of £1.8m.
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A mixed-use retrofit scheme at Gresham Street EC2, which will retain approximately 70% of the building's existing structure, has been approved by the City of London Corporation. The project includes landscaped terraces and new retail spaces along Aldermanbury, within walking distance of Liverpool Street station, currently the busiest station in the UK. City of London Corporation
MORE18 January 2024
Savills 'Market Pressures' report concludes that London developers face a challenging market with a 41% decline in new build sales below £1,000psf in the past year. Private starts on-site are now 60% below the 2015 peak. The end of Help to Buy and higher interest rates contribute to this decline. Current new home deliveries at 34,985 are just 41% of housing needs, pointing to a challenging future. Prospects for improvement hinge on a predicted interest rate drop in mid-2024. Savills
MORE26 January 2024
A 0.2-acre (0.08 hectare) site in Ansdell Street, Kensington W8, comprises a four-storey building over 20,717 sq ft, with planning permission for a terrace of 10 houses spanning 21,706 sq ft GIA. The guide price is £20.5m. Savills
Savills is also offering a former boiler house on a 0.51-acre (0.21 hectare) site at Ravenscroft Square, W6, neighbouring Ravenscroft Park Hospital. Price is on application.
A plot of land with planning permission for a five bedroom detached house. The site is situated opposite St James's Church on the corner of Park Road and St James's Street in Hampton TW12. The asking price is £825,000. Hamptons
MORE7 and 8 February 2024 | Online
The Auction House London property auction in February 2024 includes the following properties:
A five-bedroom detached house on a 23,171 sq ft (201.7 sq m) plot at Aylmer Drive, Stanmore, HA7 3EG. The site includes two garages and benefits from a lake view. The guide price is £1.275m+.
A vacant site south of Albert Road, South Norwood, SE25 4JE. The site measures 1,950 sq ft (181 sq m) and benefits from planning permission for a 3-bedroom, 2-storey house. The guide price is £60,000+.
MORE6 February 2024 | Grand Connaught Rooms, Covent Garden WC2B 5DA
The Barnard Marcus February 2024 property auction includes a Victorian building located at Comeragh Road, West Kensington W14 9PH. The building comprises a vacant ground and lower ground floor commercial unit spanning 1,313 sq ft (112 m2), which may be suitable for conversion, subject to planning. Apartments on the upper levels have been sold on long leases. The guide price is £350,000.
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New Road Chingford E4 9EZ
Kingsbury is offering a 0.68-acre brownfield site on New Road, Chingford, with planning for a seven-storey building comprising 72 apartments. The site is located in the London Borough of Waltham Forest, and the adjacent leisure park is allocated for redevelopment to provide 280 new homes. Offers are invited in the region of £5.75m.
MORE5 January 2024.
A 23,257 sq ft vacant care home at Ickenham Road, Ruislip, HA4 on a site of 0.58 acres close to West Ruislip underground station, with a pre-application for 83 residential units over 46,457 sq ft NSA (58,071 sq ft GIA). The asking price is £4m. Knight Frank
A vacant 0.07-acre site at 104-106 Lambeth Road SE1 with a planning application for 2, 4-bedroom townhouses and 2, 1-bedroom apartments. The site is a 2-minute walk to Lambeth North underground station and a 5-minute walk to Waterloo mainline and underground stations. The asking price is £2.4m subject to planning consent. The Development Group
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Brambledown Road, South Croydon CR2 0BL
Kingsbury is offering for sale a detached 3-bedroom house that extends to 1,864 sq ft on a 0.18-acre site, with planning permission for the demolition of the existing building and the creation of 7 residential apartments, composing 4 two-bedroom and 3 three-bedroom units, totalling 6,213 sq ft. The site is located 0.3 miles from Sanderstead Station in the London Borough of Croydon. Offers in the region of £1m are invited for the freehold.
MORE14 December 2023.
The Bank of England's Monetary Policy Committee (MPC) voted 6-3 to maintain the Bank Rate at 5.25% for the third consecutive time. Three members voted to increase it by 0.25% to 5.5%. 12-month CPI inflation fell from 6.7% in September to 4.6% in October.
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15 November 2023.
The Earls Court Development Company's updated plans for the 40-acre former Earls Court Exhibition Centre include 4,000 new homes, 35% of which are affordable. The development will feature 300,000 sq ft of retail, dining, leisure and cultural spaces, along with 2.5 million sq ft of workspace. Gardens and open spaces account for 60% of the total area.
The new development aims to surpass the net-zero requirement, creating one of the UK's largest zero-carbon energy-sharing networks and setting a zero operational carbon target. Additionally, the plan involves planting a thousand trees will be planted and designing routes that prioritise walking and cycling, with connections to the surrounding three stations. CGI of The Cascades, a terraced landscape and water feature at Earls Court, by ECDC.
MORE19th December 2023 | Grand Connaught Rooms, Covent Garden WC2B 5DA
The Barnard Marcus December 2023 property auction includes the following lots:
A 0.11-acre site in Southville, London SW8 2PR, adjoining Larkhall Park, with planning permission for 14 flats and 296m2 of commercial space. Guide price £1.95m.
Freehold corner building at Hazelmere Road, London NW6 7HB, in need of updating, arranged as two flats over three floors. Guide price £650,000.
MORE11 December 2023.
Former Ilford Liberal Club at Balfour Road, on a 0.279 acre (0.113 ha) site, situated 230m northeast of Ilford Station. Price on application via Savills.
Colliers are offering a 0.16-acre site on Katherine Road, Forest Gate E7 with planning for 14 apartments over a 5-storey block and a single-storey detached dwelling. The asking price is £2m.
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21 November 2023.
The City of London Corporation has approved plans for a 23-storey mixed-use building at 55-65 Old Broad Street EC2, which will facilitate the restoration of the Grade II-listed Bishopsgate Bath House, opening it to the public. The existing structure of 65 Old Broad Street will be largely retained and refurbished, rather than redeveloped, substantially reducing the carbon footprint over the building's lifespan.
MORE14 December 2023 | Online
The two-day Allsop December 2023 residential property auction includes the following development opportunities:
A long leasehold former commercial space in Kilburn High Road, Brondesbury NW6 2BS, with planning permission to convert to 13 flats totalling 821.15 sq m (8,839 sq ft). Guide price £3.5m+.
A site at Providence Place, Collier Row Road, Romford RM5 2BH, extending to 1.02 hectares (2.51 acres) with lapsed planning permission for 22 5-bedroom detached houses. Guide price £1.75+.
A 0.155 hectares (0.383 acres) site at Bowes Road, rear of Green Lanes and Sydney Avenue, Palmers Green N13 4SP, with development potential subject to planning. Guide Price £1.2m+.
An airspace development opportunity at St James's Road, Bermondsey, SE1 5JX. Planning permission for 15 residential units extending to 963.9 sq m (10,375 sq ft). Guide price £850,000+.
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High Road, Leyton E10 6AE
Kingsbury is offering a vacant former cinema and commercial unit, totalling 31,900 sq ft, on a 0.82-acre plot in Leyton E10, with planning consent for a new build scheme that retains the existing facade. The scheme would comprise 83 residential units, arranged as 47 1-bedroom units, 21 2-bedroom units, and 15 3-bedroom units, totalling 55,905 sq ft. Additionally, there would be a commercial unit of 1,066 sq ft. The site is situated 0.4 miles from Leyton Midland Overground station. Offers in the region of £6.5m for the freehold are invited.
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20 November 2023.
A roof and airspace development opportunity at The Broadway, Ealing W5 5JN. Lapsed planning permission for 8 apartments over two new floors, totalling 5,677 sq ft, including communal areas. For sale by fixed charge receivers. CSquared
Former Salvation Army Hall, Ram Street, Wandsworth SW18 1TJ, with potential for alternative uses subject to planning. Gross internal floor area of 266 sq m (2,864 sq ft) on a site of 0.07 acres. Guide price of £850,000. Gerald Eve
A site at Church Rise, Forest Hill, London SE23, with planning for three 4-bedroom houses over three storeys plus a basement, with a total GIA of 6,931 sq ft (644 sq m). The asking price is £1.5m. Pedder
MORE22 November 2023 | Grand Connaught Rooms, Covent Garden WC2B 5DA
The Barnard Marcus November 2023 property auction includes the following lots:
A 0.2-acre site at Eastcote Lane, Harrow HA2 8RN, by order of the London Borough of Harrow, comprising an end-of-terrace house and an adjoining site with development potential, subject to planning. Guide price £425,000.
A freehold site of 6 garages and parking areas to the rear of Upper Richmond Road West, SW14 8AN. Guide price £250,000.
MORE2 November 2023.
The Bank of England's Monetary Policy Committee (MPC) voted 6-3 to maintain rates at 5.25%. Three members voted to increase the Bank Rate by 0.25% to 5.5%. Twelve-month CPI inflation fell to 6.7% in September, well above the 2% target, but is expected to continue to fall sharply to 4.75% in 2023 Q4, 4.25% in 2024 Q1, and 3.75% in 2024 Q2, and to the 2% target by the end of 2025.
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Barking Road, East Ham E6 2LL
Kingsbury is offering a two-storey building totalling 7,997 sq ft on a 0.29-acre site with planning permission for 24 residential units. The accommodation would comprise 6 one-bedroom units, 12 two-bedroom units, and 6 three-bedroom units, totalling 18,622 sq ft. The site is located on Barking Road, 0.6 miles from East Ham underground station. Offers are invited in the region of £2.5 million for the freehold.
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