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Air Space Development with Planning Permission for Four Flats
Address
See address
Auction date
29 Oct 2026
Guide price
£120,000
Type
Commercial
Tenure
Leasehold
EPC Rating
Unknown
Status
Upcoming
Description
This unique air space development has been granted planning permission to construct an additional fourth floor, which will create four modern apartments: three 1-bedroom units and a studio. The expected gross development value (GDV) is approximately £900,000, with an anticipated rental income of around £73,000 per annum. Conveniently located just half a mile from Romford station, this area offers excellent links to London via National Rail and the Elizabeth Line, making it an attractive prospect for property investors.
- Planning permission granted for four flats
- Total of 4 units: 3x 1 bedroom & 1x studio
- Estimated GDV: £900,000
- Expected rental income: £73,000 p.a.
- Leasehold: 999 years from August 2021 (approx. 994 years remaining)
This development is ideal for investors looking to enter a growing market in Romford. Consider the implications of leasehold tenure and how this affects potential rental yields.
Last update: 10 Oct 2026
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