Block of flats for sale

Air Space Above 1-12 Monkwood Close, Romford, Havering RM1

For sale by auction 4th June 2026 at 12:00 £140,000 plus
Air space development with planning permission granted for four flats


Location & Description
The property is an air space development with parking which comes with approved planning permission to construct a fourth floor, allowing for the creation of four modern (3x 1 bedroom & 1x studio) apartments with the expected gdv being circa £900,000 & the expected rent circa £73,000 p.a.

It is located in Romford, Essex approximately mile from Romford station which offers excellent links into London via National Rail & The Elizabeth Line. Romford is well connected by road via the A12, A127 & the area offers extensive retail, leisure and transport amenities, including The Liberty and The Brewery shopping centres.

Tenure
Leasehold - 999 years from 12th August 2021 (approximately 994 years remaining).

Note
Auction Surveyor: Stuart Mackay
Contact: /
Planning

Prior Approval by The London Borough of Havering for additional storey to a block of flats to create 4 additional flats (Ref: J0026.25)