FOR SALE

Manor Road, Chigwell IG7 5PR

Offers in the region of £4,000,000

Description

The existing property comprises a pair of 2-storey detached houses each benefiting from a large front drive and rear gardens.

140 Manor Road is a 5 bedroom house with a substantial summer house within the rear garden and 142 Manor Road is a 6 bedroom property.

Both houses are accessed via Manor Road, although 142 has a secondary access from Stanwyck Drive.

The dwellings occupy a broadly rectangular and level site extending to circa 0.5 acres.

The site is bounded by detached houses to the north and west, a recently constructed apartment block to the east and a church and public park to the south (on the opposite side of Manor Road).

Location

Chigwell is an affluent and sought-after town within Epping Forest District Council, located approximately 12 miles to the north-east of Central London.

The property occupies a prominent position on the corner junction of Manor Road and Stanwyck Drive, with the surrounding area comprising mainly high value residential properties. There are a variety of boutique shops, restaurants and other amenities available on Brook Parade which is located circa 0.8 miles to the north of the site.

The nearest station is Grange Hill Underground Station which is located circa 0.4 miles (approximately 8 minutes walk) to the east of the site along Manor Road. Chigwell Station is located approximately 0.8 miles from the site. Journey times via Central Line services include:

Journey times via Central Line services include:
Stratford – 24 minutes | Liverpool Street – 32 minutes | Oxford Circus – 43 minutes

Planning & Development Potential

Planning permission was granted via Appeal on 21st July 2017, under reference APP/ J1535/W/17/3172260, for the demolition of the two existing houses and the construction of two new 2-storey buildings to provide 14 x 2 bedroom apartments.

The proposed scheme will create 11,212 sq.ft. NSA of residential space and incorporate 30 parking spaces at surface level. All 14 apartments will benefit from two double bedrooms and private amenity space in the form of either a balcony or private terrace.

No affordable housing provision is required and the planning consent is not subject to any Section 106 obligations or CIL.

Given the site area, there may be potential to enhance the current planning consent to increase the amount and/or size of the apartments, subject to planning permission.

The proposed apartments could potentially be made into duplexes by utilising the loft space or excavating basements, subject to obtaining the necessary consents.

Tenure

The property will be sold freehold with vacant possession upon completion.

VAT

The property is not elected for VAT.

Terms

Offers invited in the region of £4,000,000.

Additional Information

Further information including planning and legal documents are available within our dataroom using the access code ‘Chigwell’.


Disclaimer - Kingsbury on its own behalf and on behalf of the Owner / Landlord of this property whose agent Kingsbury is, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.


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  • 2 x 2-storey detached houses occupying a site area of circa 0.5 acres
  • Planning permission for a 2-storey new build scheme comprising 14 x 2 bedroom apartments totalling 11,212 sq.ft. NSA with 30 surface level parking spaces
  • No affordable housing provision, Section 106 contributions or CIL required
  • Located in the affluent suburb of Chigwell, in close proximity to Grange Hill and Chigwell London Underground stations
  • Offers invited in the region of £4,000,000 for the vacant freehold interest

To discuss this opportunity further, please contact Keir Goldstein or Jordan Oldfield on 020 7183 2529

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