This property presents a distinctive development opportunity in the desirable location of Winchmore Hill, London. Comprising existing garages and surrounding land, this freehold site covers approximately 2,750 sq ft and is ideally situated at the intersection of Eversley Mount and Green Lanes. With outline planning permission granted for the construction of a modern three-bedroom detached house (Reference: 23/02239/OUT, approved September 2023), this project offers significant potential for developers, investors, or individual self-builders seeking to create a tailored residence.
The site includes six garages—four currently generating rental income under license agreements and two available for immediate use. This setup yields an annual income of £3,240 from the rented garages, offering investors a combination of current yield and future enhancement opportunities over time.
Winchmore Hill boasts excellent transport links; within a short walk lies Winchmore Hill rail station with direct connections to Moorgate, along with accessible bus routes to Southgate Underground Station on the Piccadilly Line. The lively local community features a range of independent shops, cafes, restaurants, and recreational spaces such as Grovelands Park that provide outdoor enjoyment.
The area is well-regarded for its educational institutions like Winchmore School and St Paul’s CofE Primary School, which serve to enhance local desirability. Given recent comparable sales in North London reaching up to £315,000 for similar sites, this listing offers notable investment value at its competitive asking price of £250,000.
Overall, this site not only allows for bespoke home construction but also retains appeal as an income-generating asset within a thriving community. Interested parties are encouraged to investigate further through viewings or by obtaining full planning information.
