£1,350,000
Land for saleLondon N10
Checkmate
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About this property
Freehold Residential Development Opportunity Consent for Three New Family Houses
Pembroke Road, Muswell Hill, London N10 2HX
Summary
A rare freehold development opportunity in an established and affluent North London suburb, offering implemented planning permission for the demolition of existing buildings and the construction of three new two-storey, three-bedroom houses, each with private parking and gardens
Development opportunities for new-build family houses (rather than flats) in this location are exceptionally scarce, making this a highly attractive proposition for developers and investors.
This Site will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.
The Site
Approximate site area of 0.32 acres (0.13 hectares / c.1,282 m2)
Regularly shaped rear plot with access from both Pembroke Road and Hampden Road
Currently comprising gardens, a greenhouse and a brick-built workshop/storage building
All existing structures to be demolished under the consented scheme
Implemented planning permission under references 15/02182/ful and 17/5028/S73
Consent for three new two-storey terraced houses
Total proposed gia: approx. 300 m2 (3,229 sq ft)
Community Infrastructure Levy (cil) paid: £6,198.58
A rare opportunity to deliver new family housing in a prime residential location
This is a de-risked residential development opportunity with implemented planning consent, a paid cil liability, and a clear pathway to immediate commencement, significantly reducing lead-in time and planning risk. The scheme delivers new-build family houses rather than flats, a product type in chronic undersupply across North London and particularly well suited to the strong owner-occupier market in Muswell Hill / Friern Barnet.
The combination of private gardens, on-site parking and three-bedroom layouts aligns closely with local demand and resale values, while the freehold nature of the site provides flexibility for disposal either as individual dwellings or as a single investment lot Opportunities of this scale, tenure and planning status are exceptionally rare in this location, offering clear potential for attractive gdv and strong exit values
Proposed Accommodation UnitApprox. GIADescriptionHouse 1~100 m2 (1,076 sq ft)End-of-terrace. Ground floor: Kitchen/breakfast room, living room, hall, utility & WC. First floor: 3 bedrooms (one ensuite) and family bathroomHouse 2~100 m2 (1,076 sq ft)Mid-terrace. Identical layout to House 1House 3~100 m2 (1,076 sq ft)End-of-terrace. Identical layout to Houses 1 & 2
Each house benefits from private garden space and on-site parking
Location
Situated on the west side of Pembroke Road, between Hampden Road and Roman Road
Located in Muswell Hill / Friern Barnet, approximately 6.5 miles north of Central London
Excellent transport connections:
New Southgate Station – approx. 0.7 miles
Bounds Green Underground Station (Piccadilly Line) – approx. 1 mile, providing access to Central London in around 25 minutes
Close to a wide range of amenities including independent shops, restaurants, leisure facilities and major retailers
Convenient access to the Friern Barnet retail park (M&S Food, Tesco Superstore)
Within recent catchment of aps Secondary School
Well-established residential road with strong owner-occupier demand
Tenure: Freehold
Vacant possession on completion
Services: Mains water, electricity, gas and drainage understood to be available (to be verified by purchasers)
Legal costs: Each party to bear their own costs- Being sold via ‘Secure Sale’
- Immediate ‘exchange of contracts’ available
London Borough of Barnet
(Note: The site lies close to the Barnet / Haringey boundary - purchasers should satisfy themselves as to exact borough demarcation)
Planning policy governed by the Barnet Local Plan 2021–203
Being sold via Secure Sale online bidding. Terms & Conditions apply.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.
The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.
These prices are subject to change.
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