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Selling Agent
Sourced West London

Development Opportunity – 2 Storey 3 Bed House in London

This investment opportunity is currently arranged as 2 apartments with two planning consents in place, ideal for development with planning on the rear land for a 3 bedroom house.
Guide Price
£1,450,000

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Key Features

  • Semi-detached Victorian house currently arranged as 2 apartments
  • Two planning consents in place
  • Further applications for increased density ready for submission
  • Asset or SPV sale
  • Full information is available on request

The Property

Sourced are thrilled to present this development opportunity in London with planning permission in place.

Freehold semi-detached Victorian house currently arranged as 2 apartments with two planning consents in place ideal for development plus planning for the construction of a two storey three bedroom dwelling house in rear garden with associated access, boundary treatment, cycle parking, refuse storage and private amenity space (following demolition of existing outbuilding).

Further applications for increasing density ready to submit.

Planning Information

1) Extension at 2nd floor level of the existing property
2) Construction of a two storey three bedroom dwelling house in rear garden with associated access, boundary treatment, cycle parking, refuse storage and private amenity space (following demolition of existing outbuilding)

Further applications for increased density is ready for submission for an extension through basement excavation under both the existing house and new dwelling to the rear = total proposed NIA 3,878 sq ft.

And a final application has been prepared which would propose breaking the ground and lower ground floor duplex into 2 apartments as well as making the house at the rear 2 units = total proposed NIA 3.

The Plan

Freehold semi-detached Victorian house currently arranged as 2 apartments with two planning consents in place ideal for development with planning on the rear land for a three bedroom house.

Plus further application ready to be submitted.

A developer can purchase the house and land and develop under the current planning approvals in place or submit the ready final application to increase sizes.

The Financials:

Purchase price: £1,450,000
Sourcing fee: 2%

The Location

Acton is a large residential suburb in the London Borough of Ealing, home to leafy Gunnersbury Park, with lakes and a former Rothschild family mansion, now a local history museum.

The London Museum of Water & Steam features hands-on exhibits, while the London Transport Museum Depot’s vintage vehicles and photos can be viewed on open days.

Chain restaurants and gastropubs line High Street, and buzzing Acton Market offers street food and crafts. Easy access via road and rail in and out of London.

Average estimated value for a house in W3 8JF

£760,000

The average price for property in W3 8JF stood at £760,681 in September 2020.

This is a rise of 4.56% in the last three months (since June 2020) and rise of 2.84% since 12 months ago.