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London E11 - Freehold Detached House with Development Opportunity

For sale: £1,600,000.00|0.14 Acres|Residential, Land, Other, Retail, Commercial Land, Other Property Types & Opportunities

Property details

FOR SALE£1,600,000.00
SIZE0.14 Acres
ADDRESS8 Sylvan Road, London, Greater London, E11 1QN
TYPEResidential, Land, Other, Retail, Commercial Land, Other Property Types & Opportunities
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON14th August 2022

Description

Investment Consideration:
OIEO: £1,600,000
Vacant possession
VAT is NOT applicable to this property
Comprises detached house on a plot of land (0.14 acres)
There are currently two approved planning options (Option 1 is 9 apartments and Option 2 is 8 apartments).
Planning has been implemented for both options.
Option 1: Planning approved in March 2021 for demolition of existing house and erection of a three-storey building (plus lower ground floor) to provide 2 x 1-Bed, 5 x 2-Bed and 2 x 3-Bed (Duplex) apartments
Total approved residential GIA: 773 sq m (8,320 sq ft)
Option 2: Planning approved in March 2024 for erection of a three-storey building (excluding lower ground floor) to provide 2 x 1-Bed, 4 x 2-Bed and 2 x 3-Bed apartments
Total approved residential GIA: 571 sq m (6,146 sq ft)
Prominent location within short walk to Snaresbrook underground station, which provides direct links to Liverpool Street in 35 mins
Wanstead High Street is 0.5 miles south, having retail occupiers such as Marks & Spencer, Tesco Express, Co-Op Food, Greggs, Domino`s Pizza, Boots Pharmacy, Superdrug and many more.

Property Description:
Comprises detached two-storey house on a plot of land (0.14 acres), providing the following accommodation and dimensions:
Ground Floor: 75 sq m (809 sq ft)
Reception, Living Room, Kitchen
First Floor: 77 sq m (827 sq ft)
3 Double Bedrooms, 2 Single Bedrooms, Bathroom/WC
Total NIA: 152 sq m (1,636 sq ft)

Development Opportunity: 9 Flats (Option 1)
Planning approved in March 2021 for demolition of existing house and erection of a three-storey building (plus lower ground floor) to provide 2 x 1-Bed, 5 x 2-Bed and 2 x 3-Bed (Duplex) apartments with private gardens at lower ground floor, balconies on the upper floors, communal and one private roof terrace, cycle parking and communal lift.
For more information please refer to Redbridge Planning Portal: Application Number: 3979/20

Development Opportunity: 8 Flats (Option 2)
Variation of Condition 2 of approved planning permission 3979/20 to allow amended plans for erection of a three-storey building (excluding lower ground floor) to provide 2 x 1-Bed, 4 x 2-Bed and 2 x 3-Bed apartments with balconies on the upper floors, communal and one private roof terrace, cycle parking and communal lift.
For more information please refer to Redbridge Planning Portal: Application Number: 3410/23

Location:
Wanstead borders South Woodford to the north, Redbridge to the east and Forest Gate to the south, with Leytonstone and Walthamstow to the west. It is located 8 miles northeast of Charing Cross. The property is located within short walk to Snaresbrook Underground Station which provides direct links to Liverpool Street, while Wanstead High Street is within 0.5 miles, having retail occupiers such as Marks & Spencer, Tesco Express, Co-Op Food, Greggs, Domino`s Pizza, Boots Pharmacy, Superdrug and many more.

Location

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Location: 8 Sylvan Road, London, Greater London, E11 1QN

Snaresbrook (0.1 miles)

Wanstead (0.6 miles)

South Woodford (0.7 miles)

Wood Street (1.2 miles)

Leytonstone High Road (1.4 miles)

Leyton Midland Road (1.6 miles)

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