This property presents an intriguing opportunity for developers and investors, featuring plans for 44 residential units in a desirable area of the London Borough of Bexley. The site encompasses approximately 0.276 hectares and is strategically positioned at the southeast corner of the Slade Green Road and Bridge Road junction. It currently includes two houses at 176-178 Slade Green Road, alongside a former community center, pop-in parlour, and additional land previously used as a car park and green space.
The location offers significant advantages, being within walking distance—around four minutes—from Slade Green station, which provides direct rail access to Abbey Wood and connection to the Elizabeth Line. The surrounding area has seen recent development, including a nearby luxury housing project by Redrow that features amenities such as a play area and community center.
The planning permissions granted for this site (23/01307/FULM) allow for the demolition of existing structures and the construction of a four-storey building comprising all private residential units: 14 three-bedroom flats, 20 two-bedroom flats, and 10 one-bedroom flats. Notably, parking will be provided at pavement level with a total of 22 spaces.
Key aspects to consider include that the vendor is preparing detailed construction drawings that could facilitate rapid advancement toward breaking ground—potentially within three months post-acquisition. This package is estimated to cost around £200,000 but could significantly streamline the development process.
In terms of financial commitments, buyers should note that while CIL contributions are anticipated at approximately £372,270 alongside additional fees related to NHS contributions and carbon offsetting, these factors are essential in understanding the investment's overall potential return.
The property is sold freehold with vacant possession upon completion, laying out clear pathways for immediate development without encumbrances. Viewings can be arranged by appointment through RPC Land & New Homes.
This project not only holds promise in terms of residential expansion in a growing neighborhood but also represents an appealing long-term investment as demand continues to increase for housing in this part of London.
