Knights Hill, London, SE27 0

Exceptional Development Opportunity in the Heart of Knights Hill, SE27 0HS

Property Overview:
Current Structure , A spacious two-bedroom flat featuring both side and rear entrances, complemented by a garage at the back.
Commercial Units Two ground-floor commercial shops—one operating as a popular fish and chips takeaway, the other as a well-established hairdresser.

Development Potential:
Previous Planning Approval The property formerly had planning consent for the addition of five residential units above the existing commercial spaces, comprising:
- 3 x 1-bedroom flats
- 2 x 2-bedroom flats
Council Collaboration: Lambeth Council is actively seeking partnerships with developers to address the high demand for new housing. Reinstating the previous planning approval is anticipated to be straightforward, given the council's supportive stance on regeneration and housing initiatives.

Local Regeneration and Investment
The Knights Hill area, encompassing West Norwood, has been the focus of significant regeneration efforts:
High Street Enhancements: Investments have been made to improve shop fronts, upgrade public spaces, and enhance junctions,




aiming to boost the aesthetic appeal and functionality of the high street.
Community Initiatives:The West Norwood Feast, a monthly market celebrating local food, art, and crafts, has been established to attract visitors and foster community engagement.

Market Insights:
Sales Market: The demand for 1 and 2-bedroom apartments in the SE27 area remains robust. Recent listings indicate
1-Bedroom Flats Prices starting from £250,000.
2-Bedroom Flats: Prices ranging between £450,000 and £525,000, depending on specific features and finishes.
Rental Market:The area is popular among young professionals and small families, ensuring a steady demand for rental properties. Competitive rental yields can be anticipated for well-designed 1 and 2-bedroom units.

Transportation and Amenities:
Connectivity: The property benefits from excellent transport links, with West Norwood station providing regular services to central London.
Local Amenities:Residents can enjoy a variety of local shops, cafes, parks, and cultural venues, contributing to the area's vibrant community atmosphere.

Conclusion:
This property presents a prime development opportunity in a thriving and regenerating area. With supportive council policies, strong market demand, and ongoing local investments, developers have the chance to deliver a project that meets both community needs and offers substantial returns.

Further Information:
Detailed information, including architectural plans, market analyses, and council partnership opportunities, is available upon request. Interested parties are encouraged to contact us to explore this exceptional development prospect further.