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

London

£250,000
Listed on 31/07/2024

Property Details

Bedrooms
N/A
Type
Detached house

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.

Investment Analysis

(E4 area)
Area Average
£536/sq ft
Avg Rent (weekly)
£420
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£120,000 - £180,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (E4)

Area prices are rising by +2.2% over the last 12 months
3 year growth: 6.6%
5 year growth: 19.3%
Investment Disclaimer: Analysis based on E4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Connaught Road, Chingford, London
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£916
Based on a loan of £187,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE