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42 St Germans Rd - Land to rear 0.03 Acres of Commercial Land Offered at £200,000 in London SE23 1RJ
Investment Highlights
- strong opportunity for a small residential development, supported by a previous planning consent
- Forest Hill Station is approximately a 10- minute walk (around 0.7 miles) from the site.
Executive Summary
construction of a two-storey plus basement two-bedroom house, with a roof terrace. Positioned on the corner of Park Rise Road and St Germans Road. The earlier approval demonstrates clear development potential and provides a useful precedent for scale and form. The site is positioned within a well-established residential location popular with buyers, renters and also for those who may be looking for a live-work, good access to Forest Hill and Honor Oak Park plus an abundance of local amenities
Property Facts
| Price | £200,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Tenure | Freehold/Long Leasehold | Total Plot Size | 0.03 ac |
| No. Plots | 1 |
| Price | £200,000 |
| Sale Type | Investment |
| Tenure | Freehold/Long Leasehold |
| No. Plots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Plot Size | 0.03 ac |
1 Plot Available
Plot
| Price | £200,000 | Total Plot Size | 0.03 ac |
| Price Per ac | £5,910,514.81 |
| Price | £200,000 |
| Price Per ac | £5,910,514.81 |
| Total Plot Size | 0.03 ac |
The site sits within a highly sought-after residential pocket of Forest Hill and Honor Oak Park, benefitting from strong transport connectivity and access to popular local amenities, green spaces and schools.
Description
Local values for two-bedroom detached houses in SE23 generally range between £550 and £800 per square foot, reflecting specification, position and outside space. Recent sales evidence in the immediate area indicates achieved values around £590 per square foot for good-quality residential units. The wider Forest Hill and Honor Oak Park market continues to show resilient demand from both owner-occupiers and renters due to the close proximity to transport, independent shops, parks and schools.
Presented by
42 St Germans Rd - Land to rear
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