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Connaught Road, Chingford, London - Image 1
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Connaught Road, Chingford, London

London

£250,000

Listed on 21/07/2023

The listing

Property details

Bedrooms
N/A
Type
Commercial Property

Description

This property presents a promising opportunity for renovation and development in a strategic location in Chingford, East London. Nestled just off Connaught Road, the site enjoys proximity to Station Road—the central shopping district of Chingford—where major retailers like Greggs and Tesco Express coexist alongside various dining options, including Costa Coffee and Cafe Nero. The site itself has been fully cleared, with footings already established and signed off, streamlining the path for future construction. With existing planning consent (ref no: 152257) for a two-story building designated for office use (Use Class B1(a)) on the ground floor, plus ancillary storage above, the structure would encompass approximately 1,610 sq ft (149.6 sq m) and include outdoor amenity space. This layout indicates a solid foundation for income generation through commercial leasing. Furthermore, the potential for alternative developments may exist pending the necessary approvals, offering flexibility to adapt to evolving market demands. The strategic location less than 0.2 miles from Chingford Station (Overground) ensures connectivity to broader transport networks, enhanced by easy access to the M25 and M11 motorways. Investors looking to capitalize on a well-situated plot with immediate access to local amenities and transportation routes will find this site particularly attractive for its investment potential as both an office space or possible redevelopment opportunity.

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Map

Location

Connaught Road, Chingford, London
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Transport

Nearest stations

  • Chingford Rail Station

    0.1 miles

    Train · Chingford

  • Highams Park Rail Station

    1.7 miles

    Train · Highams Park

  • Buckhurst Hill Underground Station

    1.7 miles

    Underground · Buckhurst Hill

  • Roding Valley Underground Station

    1.9 miles

    Underground · Woodford

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£944
Based on a loan of £187,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

This calculation uses non-residential (land/commercial) tax rates.

Pricing

Price history

-9.1% since listed
£250,000£25,000(-9.1%)
30/07/2024
Current price
£275,000Initial listing
17/05/2023

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