Clapham Land with Planning for Sale

Posted by Landforsale on 06/08/2017
Price £3,000,000
Postcode See on google map
Type of ad Agency Offer
Sq. Footage 10000 sq.ft.
Clapham Land with Planning for Sale
4 x 3 bed houses
Other options available such as reapply for flats, etc.


A freehold building site at Clapham common conveniently situated close to all public transports and all other amenities close by within walking distance. The site currently being used as a HMO and produces good rental income hence the property currently provides positive cash flow. However since the site benefits from planning permission for the demolition of the existing building to erect four terraced houses. Each house will be a 3-bedrooms with potential of the loft for these houses to become 4x4bedroom houses.

Each house is going to be in the region of 2000 sq ft. The resell values in this location are spanning between 800 pounds per sq ft to 1000 pounds per sq ft if you are going to sell today. Since these are going to be new build, the resell value is confirmed by main stream agents not to be less than 1000 pounds per sq ft. Hence based on this calculation the resell value is going to be £8m in total sale.

There have been two tenders for construction quote which in average of two quotes comes to as a whole package to high quality standards for the amount of: £2m

There is good margin in this site, the location is good in a residential quite road, parking spaces, and garden, freehold. For more information on this land and other London Lands with and or without planning permission
contact: 07761-194240

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