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Air Space Development with Planning Permission Granted for Four Flats

Air Space Development with Planning Permission Granted for Four Flats

Address

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Auction date

04 Jun 2026

Guide price

£140,000

Type

Commercial

Tenure

Leasehold

EPC Rating

Unknown

Status

Ended

Auction location placehbolder

Description

This air space development comes with parking and approved planning permission for a fourth floor, allowing the creation of four modern apartments (3x 1 bedroom & 1x studio). With an expected GDV of circa £900,000 and an anticipated rental income of £73,000 per annum, this property presents a lucrative investment opportunity. Conveniently located approximately ½ mile from Romford station, it offers excellent links into London, making it highly desirable.

  • Leasehold - 999 years from 12th August 2021 (approximately 994 years remaining)
  • Prior Approval by The London Borough of Havering for the additional storey

Last update: 24 May 2026

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