Group custom build opportunity in E17
The reason this caught my eye: Could be a great (smallish) co-housing scheme in a good location
What’s the opportunity: The property benefits from a positive preplanning application response from the London Borough of Waltham Forest for a 5 storey scheme consisting of 9 residential units of just over 6,000 sqft and commercial space extending to 266 sq m (2,863 sq ft) GIA
How much does it cost: Offers in Excess of £1.25 million
What would I need to budget: A flat would cost in the region of £550 psf – so a 2 bed would be around £400,000.
What are the things to watch out for: No planning! This is always a risk. I’d also think carefully about the current configuration of commercial. It is a difficult time right now for retail and other commercial uses, so the economics would have to stack up.
Next steps: If you’re interested in this opportunity then let us know. If we get enough interest, we will set up a Google Meet and discuss how we might be able to move this forward and how it might work in more detail.