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£1,000,000

Russell Road, Buckhurst Hill, IG9

  • 4 beds
Land

£1,000,000

  • 4 beds
Land
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Estimate monthly mortgage payment:

£4,565 per month

Minimum deposit amount:

£50,000
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A residential development scheme for sale with the benefit of granted planning permission for three centrally located apartments within the renowned postcode of IG9.

Description:Russell Road is currently a single story residential (C3) property measuring a total of 1,625 sq.ft.Planning permission was granted in January 2022 for the demolition of the existing bungalow and erection of 3x self-contained flats (2x two-bedroom and 1x one-bedroom) with associated amenity space, cycle and refuse storage.There has been a positive appeal response to a five-unit alternative scheme. This extended scheme was considered acceptable on all matters other than two apartments requiring more square footage.There is no S106 or CIL payment. The property is situated in the established and sought-after location of Buckhurst Hill. The area is popular with commuters and residential properties generally command a premium due to the area's excellent communications with Central London.Education:Buckhurst Hill and its surroundings offer some excellent schools, ensuring the opportunity for a fantastic education. All the state primary schools are judged Good or better by Ofsted with several being rated Outstanding . The state comprehensive schools are fantastic, whilst Woodford also offers a selective girls grammar school and several outstanding private schools.Primary Schools:St Johns C of E, Wells Primary School, Woodford Green Preparatory School, St Aubyn s School, Avon House School ,Churchfields Junior School, Oakhill Primary SchoolSecondary Schools: Braeside School, Bancroft s Schools, Woodford County High School, Chigwell School, Forest School, Woodbridge High School and Trinity Catholic High School. Location:Russell Road is situated in Buckhurst Hill which is a leafy Suburb inside Epping Forest approximately 7 miles from the City of London. The area is bounded by Chingford and Woodford to the west, Chigwell and Loughton to the east and is served by the A104, North Circular Road (A406), and M11. Russell Road is a short walk from Buckhurst Hill Central Line Station.The site is very close to Buckhurst Hill's renowned Queens Road which is home to a Waitrose, Costa Coffee, and some of the best restaurants and quaint coffee shops in the area. The area benefits from a wealth of parks and recreational sports grounds including golf, rugby and football clubs with a large selection of restaurants and shops.The property is also located just 10 minutes from Epping Forest, the largest open space in the London area at just over 6,000 acres, stretching from Manor Park in East London to just north of Epping in Essex. It s a magnificent resource for people and wildlife, allowing visitors to explore the open grasslands a 2,400-hectare area

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£41,250
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