Land For Sale @ Kingsbury with 5 x 4 bedroom house

Land For Sale @ Kingsbury with 5 x 4 bedroom house

To buy the land and develop the property and sell it for profit. All the profits will be shared amongst the supporters.

£0 raised of £2,000,000 target 0 %
0 supporters 22 days left
This project is using Flexible funding and will receive all pledges made by 1:23pm 14th June 2017

Property features

  • Private garden
  • Off street parking

Property description

Hermitage Real Estate is delighted to present this ready to go Freehold cleared site for sale in North West London Borough of Kingsbury, NW9 9QU with full planning permission granted for 5 four bedroom houses.

The site comprises the former rear four gardens of houses 234-240 Princes Avenue and fronts onto Princes Close - a cul de sac.

The current site demise totals approximately 9,600 sqft (892 sqm)

Planning permission granted in 2017 for a terrace of 5 houses:
5 x 4 bedroom houses, each with a rear garden. The units are on 3 levels including a basement. Total demise for 5 houses*: Circa 6,565 sqft (609.90 sqmt). *Each house circa 1,313 sqft (121.98 sqmt).

Vehicular and pedestrian access from Princes Close and associated front and rear light wells to all houses. 8 off street designated car parking spaces, cycle stores, separate bin stores and landscaping created on site.

The area has experienced significant regeneration over the past 5 years, with Kingsbury (Jubilee) tube station 5 minutes (400m) walk from the site.

You can find complete plans on Brent planning website:
. Application Reference:16/5111

Offers invited in excess of £1,350,000

We have analysed residential exit prices in the area and have concluded £575-625 psqft is prudently achievable with corresponding gdv (£750k - £825k) ~ £3.75m- £4.1m.

Brent cil: £153,214.29
Mayoral cil: £26,927.41