9 bedroom residential development for sale

Corfton Road, London, W5

Sold STC £1,500,000

Property Description

Key features

  • Prime location - minutes walk to station
  • Site falls under the regeneration area for residential development
  • Site to be sold unconditionally - Pre-app already have been conducted
  • Council negotiate 9 residential apartments with commercial

Full description

Tenure: Freehold

Marvel Estates are delighted to offer for sale this commercial property with scope to build 4 to 5 storey building comprising of 9 self-contained apartments (mixer of 1,2 and 3 bedrooms) and ground floor commercial unit.

The pre-app with the council planning officer has been recently conducted by the vendors and their architect with strong and positive feedback. The planning officer gave indication that they will entertain anything up to nine residential units with commercial on the ground floor allowing up to four storeys. However, there is an argument to get additional floors (up to 6 storeys) as the site fall under the regeneration area highlighted in their supplementary planning document.

The site is to be sold unconditionally. The pre-app letter from the planning officer can be provided upon request.

The estimated Gross Development Value (GDV) are as follows:

3 x 1 bed apartments at 400,000 1.2 m
3 x 2 bed apartments at 500,000 1.5 m
2 x 3 bed apartments at 600,000 1.2 m
1 x 3 bed penthouse at 750,000 750k
Commercial unit 500k

Total: 5,150,000*

Estimated Build cost: 1.2 million
Stamp duty: 130k
Other costs: 200k
Total: 1.53 million

Profit: 3,620,000 minus the land value (Guide price: 1,250,000) = approx. 2,370,000*



Please call for further information.

* Estimated only - Interested parties are advise to carry out their own valuation


Nearest stations

  • North Ealing (0.5 mi)
  • Ealing Broadway (0.5 mi)
  • Hanger Lane (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Marvel & Co, Forest Gate

367 Katherine Road, Forest Gate, London, E7 8LT

020 8471 0845 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • North Ealing (0.5 mi)
  • Ealing Broadway (0.5 mi)
  • Hanger Lane (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Marvel & Co, Forest Gate

367 Katherine Road, Forest Gate, London, E7 8LT

020 8471 0845 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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