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Residential Development Site, 17A Netherwood Road, Hammersmith, London, W14 0BL - Image 1
Residential Development Site, 17A Netherwood Road, Hammersmith, London, W14 0BL - Image 2
Residential Development Site, 17A Netherwood Road, Hammersmith, London, W14 0BL - Image 3
Residential Development Site, 17A Netherwood Road, Hammersmith, London, W14 0BL - Image 4
Residential Development Site, 17A Netherwood Road, Hammersmith, London, W14 0BL - Image 5
Residential Development Site, 17A Netherwood Road, Hammersmith, London, W14 0BL - Image 6

Residential Development Site, 17A Netherwood Road, Hammersmith, London, W14 0BL

London

£3,500,000
Listed on 01/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property, previously operating as a garage and MOT center, presents an enticing opportunity for renovation and redevelopment. Spanning approximately 0.2 acres with a substantial single-storey structure exceeding 6,700 square feet, it is positioned through a discreet entrance on Netherwood Road, just off Shepherds Bush Road. The site has previously secured planning approval for the development of nine residential flats, highlighting its investment potential. Located in Hammersmith, this area benefits from excellent transport links, including access to multiple Underground lines—District, Piccadilly, Circle, and Hammersmith & City—at nearby stations such as Goldhawk Road and Shepherd’s Bush. With Westfield Shopping Centre just under a mile away and various local amenities close at hand, the property is situated in a vibrant neighborhood that combines retail convenience with cultural attractions like Riverside Studios and the Hammersmith Apollo. The proximity to green spaces like Ravenscourt Park adds to the appeal of the location for families and young professionals alike. Internally, the approved plans cater to diverse living needs by proposing a mix of one-, two-, and three-bedroom apartments ranging in size from 75 to 107 square meters. Several units are designed as maisonettes and include private outdoor spaces such as balconies or patios alongside communal garden areas. Provision for bike storage and refuse facilities further enhances livability. Externally, the development will be set within a triangular plot surrounded by residential properties. The current structure could be replaced with a thoughtfully designed three-storey residential building featuring ample shared amenity space. An agreed Section 106 contribution of £400,000 allows for flexible payment options tied to project milestones—this financial arrangement supports cash flow during construction while minimizing upfront expenses. With full planning permission reapproved as of December 2024 (Ref: 2022/02745/FUL), this site offers significant development potential in a sought-after West London locale. Investors are presented with an opportunity not only to create modern living spaces but also to capitalize on increasing demand in this thriving community.

Investment Analysis

(W14 area)
Area Average
£979/sq ft
Avg Rent (weekly)
£601
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,500,000 - £2,500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (W14)

Area prices are falling by +11.3% over the last 12 months
3 year growth: -8.6%
5 year growth: -8.7%
Investment Disclaimer: Analysis based on W14 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

Residential Development Site, 17A Netherwood Road, Hammersmith, London, W14 0BL
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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
£12,821
Based on a loan of £2,625,000 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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