Acquired
London E11 – Detached House with 2 Plannings for Residential Block of 8/9 Flats
8 Sylvan Road, Wanstead, London E11 1QNFreehold Detached House with Development Opportunity
Investment Consideration
- 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.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
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:
https://my.redbridge.gov.uk/planning
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:
https://my.redbridge.gov.uk/planning
Application Number: 3410/23
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:
https://my.redbridge.gov.uk/planning
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:
https://my.redbridge.gov.uk/planning
Application Number: 3410/23
Location Description
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.
