Land, N16
London
£1,200,000
Listed on 09/10/2026
Listed on 09/10/2026
The listing
Property details
Bedrooms
N/AType
HouseArea
2183 sqftDescription
Offered chain free, this cleared site is situated on Stoke Newington Church Street, close to transport links, shops and local amenities. The listing describes potential for mixed-use redevelopment, subject to planning and other necessary consents. Its suggested scheme comprises a double-fronted ground-floor commercial unit, potentially with a basement, and seven private residential dwellings across the upper floors, arranged to reflect the surrounding streetscape.
The agent estimates that the commercial space could extend to around 1,500 sq ft excluding a basement, and suggests a possible annual rent of approximately £50,000. It also gives an indicative combined sale value of around £4 million for the apartments, dependent on their size and specification. These are the agent's projections, not confirmed outcomes, and would need independent assessment alongside planning feasibility, site constraints and development costs.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
53out of 100
Grade DWeak opportunity
Confidence: LOW
At £1.2m, the asking price is around 30% below the local average per square foot, making this a notably low-priced acquisition on that measure. The cleared site on Stoke Newington Church Street offers scope for a substantial mixed-use redevelopment, with the listing suggesting a ground-floor commercial unit and upper-floor homes, subject to planning and feasibility. The paved frontage and established boundary hedge are visible, but the photos do not establish the condition or feasibility of the wider site.
Key opportunities
- Shape a substantial mixed-use scheme around the prominent Church Street frontage, with commercial space below and homes above if planning and feasibility allow.
- The cleared site gives a buyer scope to create a new layout and specification rather than adapt an existing interior.
Key risks
- A cleared site intended for substantial redevelopment is a major build programme, not a cosmetic refresh; budget and timescale depend on establishing the site's condition and a feasible scheme.
- The proposed mixed-use redevelopment is subject to planning, and no consent or feasibility evidence is supplied.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£4,533
Based on a loan of £900,000 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.
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