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60-74 Sewardstone Rd - Development Site 0.4 Acres of Residential Land Offered at £2,500,000 in London E4 7PR
INVESTMENT HIGHLIGHTS
- Development opportunity in Chingford, in the London Borough of Waltham Forest.
- Planning permission for a mixed use scheme has been granted for.
- 462 sqm of commercial space.
- For sale Freehold with vacant possession.
- A cleared site extending to 0.16 hectares (0.40 acres).
- 40 Residential apartments (9 affordable).
- Highly visible roadside location on a key north-south and east-west junction.
- Guiding offers in excess of £3.5 million.
EXECUTIVE SUMMARY
Development opportunity in Chingford, in the London Borough of Waltham Forest. The site is registered freehold under the title number AGL404464 and will be sold with vacant possession.
The property is located within the administrative boundary of the London Borough of Waltham Forest. The site is not located in a Conservation Area and there are no locally listed or statutorily listed buildings within or adjacent to the site. The site has planning permission (REF: 220957) for: “Construction of a part 3, part 5 and part 8 storey building to facilitate 422.5 m2 of commercial floorspace on the ground, 40 flats above, 7 car parking spaces, including disabled persons’ parking, to the rear and two communal gardens, with associated alterations to the public highway along Sewardstone Road, vehicular access from Laurel Gardens, landscaping, refuse/recycling and cycle storage facilities and service areas”.
The site presents an opportunity to explore alternative uses taking advantage of its highly visible position and connectivity to London’s road network. This could include EV Charging, retail, storage and hotel uses. The site is identified in the draft local plan as an allocation that would be suitable for uses including town centre uses.
PROPERTY FACTS
| Price | £2,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Mixed Use |
| Tenure | Freehold | Total Plot Size | 0.40 ac |
| No. Plots | 1 |
| Price | £2,500,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Tenure | Freehold |
| No. Plots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Mixed Use |
| Total Plot Size | 0.40 ac |
1 PLOT AVAILABLE
Plot
| Price | £2,500,000 | Total Plot Size | 0.40 ac |
| Price Per ac | £6,250,000.00 |
| Price | £2,500,000 |
| Price Per ac | £6,250,000.00 |
| Total Plot Size | 0.40 ac |
The site is a trapezoid shape and extends to 0.16 hectares (0.4 acres). It formerly comprised a row of shops with flats above, now demolished.
DESCRIPTION
The site is located in the London Borough of Waltham Forest, within the Chingford Green Ward, at the junction of Sewardstone Road (A112) and Kings Head Hill / Lea Valley Road (A110). Lea Valley Road is the only significant road crossing the River Lea between the M25 and the North Circular Road (A406) and Sewardstone Road is a busy north-south arterial route. This area has been identified as a potential future District Centre and gateway to the Borough. The amenities of Chingford are c.1.2km to the east, with a broad range of retailers and bars, restaurants and cafes along Station Road (A1069). Epping Forest is 500 metres to the north east and offers a host of leisure activities and access to green open space.
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60-74 Sewardstone Rd - Development Site
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