London Development Sites
Property development opportunities in London
Albert Road New Barnet EN4 9SH
Kingsbury Stone are offering a 0.08 acre site comprising 3 residential units with planning permission for a new building comprising 9 apartments over 6,477 sq ft. The site it located 0.2 miles from New Barnet train station and the vendors are seeking offers in excess of £1.6m for the freehold.
Leavesden Road Baptist Church Watford WD24 5ER
Rapleys are offering for sale a Grade II Listed former church and hall, in North Watford. The net internal area is 7,362 sq ft on a site area of 0.23 acres. Watford Junction train station is approximately 0.5 miles away. Offers are invited in the region of £1.1m for the freehold.
11 May 2023
The Bank of England's Monetary Policy Committee (MPC) voted by 7-2 to increase the Bank Rate by 0.25% to 4.5%. The two members that voted against the rate rises preferred to maintain the rate at 4.25%. The Consumer Prices Index (CPI) inflation was 8.7% in the 12 months to April 2023, which is down from 10.1% in March.
23 May 2023 | Online
The Mc Hugh & Co May 2023 auction includes: an unmodernised semi-detached house in Woodside Avenue, Highgate N6 4SP with a guide price of £1m+; a 1.1 acre plot of land to the rear of Tangle Tree Close, Finchley N3 2QP with guide price of £325,000+; a 3,300 sq ft plot of land to the rear of Selborne Gardens, Hendon NW4 4SH with a planning application submitted for a 4 bedroom house, with a guide price of £40,000+ and a 1,900sq ft plot of land to the rear of Halifax Road, Enfield EN2 0PP with a guide price of £120,000+.
2 May 2023
The Nationwide House Price Index showed that annual house price growth was -2.7% in April, however the monthly figures showed a 0.5% increase. This is the first rise after seven consecutive declines.
Glory House Tabernacle Avenue E13 8EG
Kingsbury Stone are marketing a vacant former church, warehouse and associated buildings extending to 36.521 sq ft with planning for a new build scheme of 80 residential units totalling 61,409 sq ft and a commercial unit of 3,528 sq ft. The site is in the London Borough of Newham, close to Canning Town DLR.
24 May 2023 | Online
The Auction House London May 2023 property auction will be by remote bidding and includes a vacant ground and lower ground floor commercial property in Southwark SE1, with a guide price of £330,000+ and potential for change of use subject to planning permission.
23 May 2023 | Grand Connaught Rooms WC2B 5DA
The May 2023 Barnard Marcus property auction includes a five floor investment building in Warwick Road SW5 arranged as 9 flats with a garage, with a guide price of £2.675m.
17 May 2023 | Online
The May 2023 Allsop commercial property auction is online and includes: a freehold shop investment and residential development opportunity in Epsom, Surrey KT19 8BA, with a guide price of £950,000 to £1m; a freehold city centre retail investment at St Peters St, St Albans AL1 3EA, with planning permission for 3 shops and 20 flats, with a guide price of £2.4+; a vacant former public house at Latimer Road W10 6QW, over 3,457 sq ft, with development potential subject to planning, guide at £1.25m+.
11 May 2023 | The Berkeley SW1X 7RL
The Allsop May 2023 residential property auction includes: a freehold building at Hampden Lane Tottenham N17 0AS arranged a 3 flats with a guide price of £650,000+; a site at Taylor Close Hampton TW12 1LE with planning permission for a two bedroom detached house, guide price £100,000+; freehold building in shell condition at Hanbury Street, Spitalfields E1 5JL with a guide price of £750,000+; freehold house on a large plot at Milborough Crescent , Hither Green SE12 0RR with a guide price of £550,000; and a Grade II listed former hall at the Academy Woolwich SE18 4BT with a reduced guide price of £275,000+.
Unit 2 Grahame Park Way Colindale NW9 4AN
A 499.8m2 (5,379sq ft) freehold site, situated 1km to Colindale Underground Station, is on the market with Gilmartin Ley. The site produces £32,000 per annum with vacant possession at 4 months notice. The location has attracted substantial recent investment including a Barratt Homes development and a proposed redevelopment of the local Northern Line underground station. The guide price is £925,000.
19 April 2023
Savills research points to a significant reduction in London land transactions over the last six months. Central London residential land values have declined 5.5% annually but have remained stable over the last quarter, however Outer London values have declined by 9.5% in the six months to March 2023 taking the annual decline to 16%. The Outer London market has been disproportionately impacted by build cost inflation, slowing sales rates, the end of Help to Buy and rising mortgage rates. For the six months to March 2023 office land values have declined by 17.6% in Central London and 22.6% in Outer London.
10 May 2023 | Online
Savills May 2023 property auction is online and includes: a 2 storey unmodernised house at Tramway Avenue, Edmonton N9 8PE, with a guide of £210,000; a detached freehold unmodernised 2 storey house at Craignish Avenue, Norbury SW16 4RW by order of Croydon Council, with a guide of £310,000; a part vacant house at Hendon Way NW2 2NB with potential to extend, with a guide of £600,000; a 4 bedroom unmodernised house with planning consent for an extension, at Arlington Road, Camden NW1 7ES. with a guide of £1.35m; a cleared site at Station Approach, Ruislip HA4 6RZ with planning for a commercial unit and 6 flats, with a guide price of £1.3m; land at High Road Buckhurst Hill IG9 5HN with expired planning for a 5 bedroom house, with a guide of £575,000.
London Road Hounslow TW3 1SE
Kingsbury Stone are offering a 0.51 acre income producing site with planning for a 10 storey new build property with 49 private units and 6 affordable units. The site is located in a prominent position on London Road, 650 meters from Hounslow East underground station.
6 April 2023
On an annual basis the Halifax House Price Index shows that house prices were 1.6% higher this March, however this is the weakest increase since October 2019. The typical house price is now £287,880, 2% below the peak last August. London prices are just 0.1% higher than a year ago at £537,250.
1 April 2023
The Nationwide House Price Index reports that house prices in the UK were down 3.1% this March compared to a year ago, and this is the largest annual decline since July 2009. Mortgage approvals were also weak at 43,500 cases in February, almost 40% below the same time last year.
19 April 2023
The April 20023 Auction House London property auction includes a vacant commercial building in Virginia Water, Surrey, on an 8,500 sq ft plot with potential for development subject to planning, with a guide price of £875,000+.
18 April 2023
The April 2023 Savills auction includes a freehold 2 storey commercial building with potential for conversion subject to planning, with a guide of £190,000, a freehold block with planning for an additional floor in Leyton E10, with a guide of £150,000 and a two floor semi detached house on a large plot in Enfield EN2 with a guide of £500,000.
18 April 2023
The Barnard Marcus April 2023 auction features over 300 lots including s a 1/3 acre landmark site with development potential subject to planning, in the Old Town, Croydon with 14,000 sq ft of buildings and a guide price of £1m.
23 March 2023
The Bank of England's Monetary Policy Committee voted 7-2 to increase the Bank Rate by 0.25% to 4.25%; two members preferred to keep the rate at 4%. The MPC will adjust the Bank Rate as necessary to return inflation to the medium term target of 2%. Inflation unexpectedly rose to 10.4% in February.
22 March 2023
The ONS UK House Price Index for January 2023 shows that average houses prices rose 6.3% to £290,000 in the 12 months to January 2023. This is down from 9.3% in December 2023. London saw a rise of 3.2% to £534,000, which is the lowest rise in the UK.
20 March 2023
On the site of the Forum and Basilica in the heart of Roman London, the City of London Corporation have approved plans for a 32 storey tower featuring ground floor retail, a fifth floor heritage garden and 27,000 sq m of office space. The development at 85 Gracechurch Street EC3 will also reopen a historic pedestrian route between Gracechurch St and Lime Street.
30 March 2023
The March 2023 Allsop residential auction includes a freehold unmodernised house in Islington N1, a freehold mid terrace building comprising a commercial unit and three flats needing works in Old Kent Road SE1 and a freehold detached building arranged as six flats in Mill Hill NW7.
16 March 2023
A CBRE report 'The effects of regeneration on local property values', analysed 11 regeneration zones in London and concluded that locations within a 10 minute walk benefitted from an average additional 2% increase per annum in residential property prices. The locations analysed were Canary Wharf, Colindale/Burn Oak, Elephant and Castle, Greenwich Peninsula, Kings Cross St Pancras, Nine Elms, Paddington, South Bank, Stratford, Wembley and Woodberry Down. Paddington benefitted the most with a 5.8% increase per annum. The research attributes this to many factors including improved transport links, enhancements to the area's heritage, retail and green space.
14-17 March 2023 at Palais des Festivals, Cannes
6,000 international investors and financial institutions are expected to meet at MIPIM 2023. Over 23,000 people are expected to attend the annual property event in Cannes, with delegates from over 90 nations and 2,400 exhibiting businesses. MIPIN is launching a new 'Road to Zero' area focusing on practical methods to acheive a sustainable built environment. MIPIM
9 March 2023
The Royal Institute of Chartered Surveyors (RICS) Residential Market Survey in February 2023 reports falling house prices based on their House Price Balance. The House Price Balance is a figure based on the difference between RICS surveyors reporting an increase in house prices and the number of surveyors reporting a decline. Although negative, the figure has improved from -45% in January to -29% in February. With the rental market, the RICS report rent rises due to continued supply and demand imbalance.
30 March 2023
The Strettons March 20203 residential property auction features lots including a freehold building arranged as 3 flats in Fortess Road NW5 with a guide price of £800,000+ and a vacant former place of worship in Clarence Place, E5 with planning for 3 flats, at a guide price of £600,000.
7 March 2023
The City of London Corporation is the first planning authority in the country to ask developers to carry out carbon impact studies for buildings over 1,000 sq m before submitting an application. The aim is to encourage reuse of existing structures thereby reducing the Square Mile's carbon footprint.
1A Cargreen Road London SE25 5AD
Two commercial units comprising a church and nursery building, totalling 4,025 sq ft on a 0.09 acre site, are on the market with Kingsbury Stone. The site, with development potential subject to planning, is located 300ft from Norwood Junction train station. Offers are invited in excess of £1.2m for the freehold.
2 February 2023
The Bank of England's Monetary Policy Committee voted 7-2 to increase the Bank Rate to 4% from 3.5% with the aim to achieve the 2% inflation target while maintaining growth and employment. Two members preferred to keep the rate at 3.5%.
31 January 2023
The remodelling of Fleet House in New Bridge Street EC4 will create and an additional 1,800 sq m of office space and a public rooftop garden. Almost three quarters of the existing structure will be retained, substantially reducing the carbon footprint compared to a new build. The project is designed by HOK for Atenor.
18 January 2023
The London Legacy Development Corporation (LDDC) is seeking a JV partner for the development of the 5.1 hectare site at Pudding Mill Lane. Outline planning permission allows for 948 homes (45% affordable) and a minimum of 30,000 sqm of employment, retail and community space, valuing the scheme at £675m GDV. Pudding Mill Lane DLR is situated at the heart of the development, with Stratford Station, the London Stadium, the London Aquatic Centre, ArcelorMittal Orbit and the UCL East campus being in close proximity. Image Gort Scott Architects. Queen Elizabeth Olympic Park
Land rear of Wisteria Road SE13 5HW
A vacant light industrial building extending to 3,455 sq ft (GIA) on a site of 0.9 acres has been placed on the market. The site has planning for a new build consisting of 6 apartments totalling 3,875 sq ft, and is located 0.5 miles to Hither Green Overground station and 0.8 miles to Lewisham DLR station. Kingsbury Stone are inviting offers in excess of £850,000.
The Roundway and Church Lane Tottenham N17 7AB
Kingsbury Stone are offering a one acre site comprising light industrial units, with planning for a new building comprising 76 residential units totalling 50,666 sq ft (NIA) and 2 commercial units totalling 5,716 sq ft (NIA). The site is located in Tottenham N17 and is situated 0.6 miles to Bruce Grove Overground station. Offers are invited in the region of £6.75m.
Pembroke Road Muswell Hill N10 2NL
Gilmartin Ley are offering a dilapidated canteen building set on a 0.26 acre site, with planning permission for six 3 bedroom houses. Each house will have a GIA of 130 sq m (1,398 sq ft), 20 sq m terrace, a garden and parking. The site is located in Muswell Hill, an affluent North London suburb with good access to open spaces and a diverse range of shopping. The guide price is £2.25m. UNDER OFFER