Residential Dev't - Hackney Rd

Land on Commercial Site for Residential Development - Hackney Road, London

An exciting opportunity for developers located just off Hackney Road in one of East London’s most vibrant and well-connected neighbourhoods. This site has full planning permission for a four-bedroom contemporary dwelling with a balcony and small courtyard.

Foundation excavation works began shortly after the planning was approved. This has secured the planning permission in perpetuity. There is evidence of a building control visit to confirm this.

This represents an excellent opportunity to build a modern townhouse in a highly desirable urban location surrounded by a strong local community, thriving independent businesses, and excellent transport links.

The site sits in a prime East London location close to Hoxton, Shoreditch, and Bethnal Green. Nearby hotspots include the Columbia Road Flower Market, Broadway Market, London Fields, and many cafes, galleries and independent shops.

Key financials:
▪ Purchase price: £450,000
▪ GDV: £1,150,000
▪ Purchase costs: £13,750
▪ Refurb costs: £338,531
▪ Profit once sold: £265,795
▪ ROCE: 80%

▪ Sourcing fee: £9,000
▪ Investment required:

Please get in touch for further information.