London Development Sites

Property development opportunities in London

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Hines and architects Foster + Partners to create a 1 million square feet mixed-use destination at Bankside, London

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13 April 2024

International developers Hines have secured approval from Southwark Council for a new office and residential development at 18 Blackfriars Road on a 2-acre site that has been undeveloped for 20 years. The buildings, designed by architects Foster + Partners, are intended to be fossil fuel-free, 100% electric and Net Zero carbon in use, with 95% of the heat requirement served by ground source heat pumps. [Read more…] about Hines and architects Foster + Partners to create a 1 million square feet mixed-use destination at Bankside, London

Four-storey building with planning for a new build scheme comprising nine apartments on Old Kent Road SE1

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Old Kent Road, Southwark SE1 4RF

A mixed-use 4-storey building comprising a ground floor retail space and two apartments above, totalling 5,274sq ft, is available through Kingsbury. Planning permission is in place for a new build scheme comprising 9 apartments totalling 4,198 sq ft, along with a commercial unit spanning the ground and basement floors totalling 2,399 sq ft.  The property is situated within the Old Kent Road Opportunity Area, which is undergoing regeneration with the proposed Bakerloo Line line extension. Offers in the region of £1.55m are invited.

Strettons June 2024 property auction

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6 June 2024

The Strettons June 2024 property auction includes the following development opportunities.

Land on the south side of Whitehall Road, HA1 3AJ, measuring 1,134 sq ft (105.3 m2) with a guide price of £60,000+.

A vacant three-storey terrace property on Leonard Street, Shoreditch, EC2A 4QS, comprising a coffee shop on the ground floor and basement, with offices on the first and second floors. The guide price is £990,000+.

A three-storey terrace commercial and residential building on High Road, East Finchley, N2 9PN, with planning permission for the conversion of the residential part to two two-bedroom flats. The guide price is £1m+.

Mixed-use redevelopment of the Asda site in Park Royal creating a new town centre

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13 May 2024

The retailer Asda has partnered with developer Barratt London to redevelop the brownfield site which currently houses the Park Royal superstore, creating a new town centre at the heart of the Old Oak and Park Royal Development Corporation major regeneration area. Subject to planning, the project will feature a 60,000 sq ft Asda superstore and 1,500 new homes, of which 500 will be affordable. The scheme aims to provide space for new retail units, restaurants, health and wellness facilities, high-quality public realm space, and significant biodiversity gains.

Park Royal Asda Barrat London
CGI of the proposed development at Park Royal. Courtesy of Asda
Park Royal Asda Barrat London
CGI of the proposed development at Park Royal. Courtesy of Asda

McHugh & Co May 2024 property auction

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22 May 2024 | Online

The May 2024 McHugh & Co. property auction includes the following development opportunities.

Unmodernised four-bedroom detached bungalow and land at Frances Street, Chesham, Buckinghamshire HP5 3EQ. The guide price is £150,000+.

A three-floor, four-bedroom terrace house, requiring modernising, in Torriano Avenue, Kentish Town, NW5 2RX. The guide price is £925,000+.

Cauldwell’s 1 Mayfair 300,000 sq ft residential scheme

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23 April 2024

Developer Cauldwell‘s 300,000 sq ft, 8-storey luxury residential scheme, with facades onto South Audley Street, Hill Street and Waverton Street in Mayfair, W1, is due to be completed in Q4 of 2025. Construction of the £2bn GDV project, occupying half a city block, commenced in 2017.  Designed by architects Robert A M Stern, the building comprises 24 residences, including lateral apartments, penthouses and townhouses, and offers services typically associated with 5* hotels such as a health spa and swimming pool. Image of Waverton Street facade by Cauldwell

1Mayfair,Audley Square,Exterior,ImageCAUDWELL
Audley Square facade. Image Cauldwell
1Mayfair,ROTUNDAbyJ.P
Interior Rotunda by interior designer Juan Pablo Molyneux
1Mayfair,architecturalmodelPhotoCreditCAUDWELLDavidWoolfall
Architectural model. Photo Cauldwell, David Woolfall

Savills May 2024 property auction

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29 May 2024 | Online

The May 2024 Savills property auction includes the following development opportunities.

The former Grade II listed Cauliflower Public House, High Road, Ilford IG1 1TZ, extending to 15,253 sq ft on a site area of 0.42 acres. Planning permission is in place for the conversion of the 2nd and 3rd floors to provide 5 flats, with further planning is expected for 15 flats and commercial space on the site. The guide price is £2.9m

A site measuring 6,012 sq ft at Hoppers Road, Winchmore Hill N21 3JR, with planning permission for a detached four-bedroom house. The guide price is £700,000.

A freehold site of 6052 sq ft in Ewelme Road, Forest Hill SE23 3BQ, with expired planning consent for 6 flats. The guide price is £1m.

Bank Rate maintained at 5.25%

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9 May 2024

The Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 7-2 to maintain the Bank Rate at 5.25%. Two members preferred to reduce the bank rate by 0.25% to 5%. Twelve-month CPI inflation fell to 3.2% in March from 3.4% in February. Monetary Policy will remain restrictive for sufficiently long enough to allow inflation to return to the 2% target.  

Barnard Marcus May 2024 property auction

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21 May 2024 | The Grand Connaught Rooms, Covent Garden

The May 2024 Barnard Marcus property auction includes the following development opportunities.

Land at Alexandra Mews, Muswell Hill N10 2PG with planning permission for a two-bedroom detached house over three floors, with off-street parking. The guide price is £360,000.

Garages at the rear of College Road, St Albans, AL1 5ND, with planning permission for a two-storey building comprising two flats. There is a lapsed planning consent for two semi-detached houses. The guide price is £170,000.

A Site to the rear of Wallwood Road E11 1AP (on Kings Road) with planning permission for a 4-bedroom detached house. The guide price is £325,000. Note that the house on Wallwood Road is also being offered at the auction.

Surgery in Enfield with planning for private house

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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.

Gilmartin Ley Surgery Bush Hill Park EN1 1XG
Surgery at Bush Hill Park EN1 1XG

Development opportunities this week

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3 May 2024

Long leasehold 0.4 acre (0.16 hectares) Belle Isle Site at York Way, Kings Cross N1. The business/office-led development opportunity is adjacent to the Kings Cross Regeneration Area, with potential for up to 15 stories subject to planning. Offers via informal tender. Avison Young

A hostel spanning 3-4 stories, extending to 15,757 sq ft (1,464 sq m) GIA on a 0.31-acre (0.13 hectare) site at Harrow Road, Westbourne Green W2 5XQ. Resolution to grant planning permission to redevelop the site was granted but later withdrawn. Offers in excess of £5.75m. Savills

An office building arranged over 3 stories, measuring 5,125 sq ft, at Old Kent Road SE1. There was a positive pre-application with Southwark Council for a 6-storey mixed-use building. Acorn are seeking offers in the region of £2.5m.

Knight Frank are offering a 5,358 sq ft (497.8 m2) GIA mid-terrace hotel in Barkston Gardens, Earls Court SW5, with planning consent for a change of use to 5 apartments. The guide price is £3.75m.

Auction House London’s May 2024 property auction

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21 & 22 May 2024 | Online

The May 2024  Auction House London property auction includes the following development opportunities.

A vacant mixed-used building comprising a restaurant and upper parts at High Street Barnet EN5 5SZ. There is planning consent to convert the upper parts to three one-bedroom flats. The guide price is £775,000+.

Land at Dormers Wells Lane, Southall UB1 3JA, measuring 6,041 sq ft (561 m2) with planning consent for a five-bedroom detached bungalow.  The guide price is £225,000+.

A ground floor vacant retail unit at Kingston Road, Wimbledon SW19 1LJ with potential for development subject to planning. The guide price is £85,000+.

Land adjacent to Honey Lane, Waltham Abbey, EN9 3AS, measuring 1,561 sq ft (145 m2), with planning for a new two-bedroom house. The guide price is £130,000+.

Savills Q1 2024 research shows first signs of recovery for prime outer London homes

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25 April 2024

According to research by Savills, prime residential property values in outer London increased by 0.8% in Q1 of 2024. The strongest performers were houses in Battersea, Clapham, Ealing, Fulham and Victoria Park. Prime central London property prices increased by 0.1%, the first increase since mid-2022. Sales volumes across all residential properties in London are 15% above pre-pandemic levels and 24% up on last year. 

Former riding stables with planning for 9 residential units at Chingford E4

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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.

City of London Corporation approves office scheme at Little New Street EC4

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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.

Hill House City of London Corproation copyrightWAX
Hill House, City of London ©WAX
Hill House Impression copyrightWAX
Hill House, City of London. ©WAX

Mayor of London’s vision to deliver 36,000 homes and 55,000 jobs at the Royal Docks

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7 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.

Savills April 2024 property auction

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15 & 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.

Auction House London April 2024 property auction

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17 & 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+. 

Commercial 19th-century building at Old Street EC1

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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 the Old Street roundabout. The 19th-century mid-terrace building features a roof terrace. The guide price is £1.25m. SOLD

Whitecross St Old St Gilmartin Ley
Whitecross St EC1

Savills 27 & 28 February 2024 property auction

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27 & 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.

 

Strettons February 2024 property auction

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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+.

Bank of England holds rates at 5.25%

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1 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.

Allsop February 2024 two-day residential property auction

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14 & 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+.

Allsop February 2024 commercial property auction

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8 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+

Savills 6 February 2024 property auction

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6 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.

Commercial building in Romford town centre with approval for conversion of upper floors to residential

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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.

City of London approves major retrofit scheme at 65 Gresham Street EC2

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14 January 2024

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

City of London 65 Gresham Street retrofit
65 Gresham Street EC2 retrofit street-level visual impression
City of London 65 Greham Street retrofit visual
65 Gresham Street EC2 retrofit visual impression

Savills research highlights challenges for developers

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18 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

Development opportunities this week

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26 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

Auction House London’s February 2024 two-day property auction

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7 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+.

Barnard Marcus February 2024 property auction

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6 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.

Development opportunities this week

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5 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

Detached house in South Croydon with planning to create 7 residential apartments

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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.

Updated masterplan for Earls Court

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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.

The Table Urban Park at Earls Court - CGI. Image courtesy of ECDC
The Table Urban Park at Earls Court. CGI by ECDC

Barnard Marcus December 2023 property auction

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19th 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.

Development opportunities this week

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11 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.