Livingstone House, 11 Potter Street, Harlow
Size
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Tenure
Freehold
EPC
Parking
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- Primary use
- Residential development
No floor / site plan
Key features
- Rarely Available Investment/Development Opportunity
- Former 23 Bedroom Supported Living Facility
- Planning Consent to Convert to 8 x Two Bed Flats
- Alternative Schemes Possible (stc)
- Established and Affluent Location
- Offered with Full Vacant Possession
Description
Arranged across ground and three upper floors, the property was previously used as a 23 bedroom supported living facility and is offered with vacant possession.
We consider the property could be suitable for conversion to residential use. The property currently benefits from planning consent for conversion to provide 8 x two bedroom flats, but other uses of higher massing such as an HMO may also be possible (subject to obtaining the requisite consents).
The property presents an excellent opportunity to create a high yielding investment with an income in the order of £100,000 per annum. Please find the Local Housing Allowance (LHA) rates for the area below:
-Shared Accommodation - £451.34 pcm
-One Bedroom - £810.00 pcm
-Two Bedrooms - 1,025.00 pcm
The property is accessed from Potter Street and the proposed development will benefit from eight car parking spaces. The surrounding area comprises established residential use with the average house price in the CM17 postcode area being £356,000
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
Unclassified
- Environmental description
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Brochure
Livingstone House, 11 Potter Street, Harlow
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Disclaimer - Property reference EC09D5F0-59B3-41C7-9C8D-4F573F2AF316. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills National , Savills Auctions- Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.