VIEWING STRICTLY BY APPOINTMENT ONLY.
THE LOCATION
Edmonton is a town in north London, England within the London Borough of Enfield, a local government district of Greater London. The northern part of the town is known as Lower Edmonton or Edmonton Green, and the southern part as Upper Edmonton. Situated 8.4 miles (13.5 km) northnortheast of Charing Cross, it borders Enfield to the north, Chingford to the east, and Tottenham to the south,with Palmers Green and Winchmore Hill to the west. The population of Edmonton was 82,472 as of 2011.
Built in 1940s 2 Huntingdon is a 3-bed bungalow, situated on a large corner plot.
Ideally located for commuters with Edmonton Green underground station is 1.0m, with good bus links less than 100yds from the development site.
THE MARKET
Properties in Edmonton had an overall average price of £451,372 over the last year. The majority of sales in Edmonton during the last year were terraced properties, selling for an average price of £471,375. Flats sold for an average of £259,552, with semidetached properties fetching £583,178.
Overall, sold prices in Edmonton over the last year were 2% down on the previous year and 1% down on the 2021 peak of £456,651.
Currently Edmonton has limited stock available, sample links below:
• Beechwood Mews: £229k
• Pentland Close: £240k
• Pentland Close: £250k
• Waltham Way: 545k
THE OPPORTUNITY
Owned by the same family for the past 20-yrs, the family have decided not to develop the site personally, and now offer the site for immediate sale. Therefore, offers are invited for over £1,400,000.
Offered with planning consent for 1 Retail unit, 3 Mews Hse’s and 9 Flats. 2 Huntingdon provides a fantastic opportunity for a great little development on a plot with great access.
• The Site: TBC.
• Potential: 1 Retail, 3 Mews Hse, 9 Flats.
• Development Size: 837 m2.
• Estimates Build Cost: £2.18m.
• Estimated GDV: £6.5m.
• Purchase Price: £1.4m+.
THE NUMBERS
• GP: £2.92m* .
* Before planning, & legal costs, and excludes
• The site is to be sold with planning permission.
• Legal fees to be paid separately by each party.
• Current vacant possession
• Development finance available*.
• Planning & Architectural consultant available.
• Existing Plans available upon request.
