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£500,000

St. German's Road, Forest Hill, SE23

  • 0 beds
Land

£500,000

  • 0 beds
Land
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Estimate monthly mortgage payment:

£2,283 per month

Minimum deposit amount:

£25,000
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Description

An opportunity for developers to acquire this vacant site with potential for flats or one single house, subject to the relevant consents.

A planning application for The construction of a four-storey building plus basement level on land adjoining 54 St German's Road SE23 to provide 4, two-bedroom self-contained flats in 2021 was rejected under grounds of location of cycle storage, insufficient build in storage and sizing & massing of the proposed development.

In 2000, the site had planning permission granted for a building comprising of 4 x 2-bedroom flats. This has since lapsed; the Local Authority no longer has paperwork for this.

Location

The site is situated on a popular residential road just off the South Circular Road. Forest Hill Station is located 1 mile (18 min walk) from the site. Forest Hill Station offers direct services into London Bridge within 20 minutes along with the London Overground line connecting much of South London.

There are also a number of local amenities including cafes, takeaways and a pub, all located within a 10-minute walk of the site.

Existing

The existing site is clear with minimal vegetation.

Price

Offers are invited in excess of ?500,000. The vendor is open to offers subject to planning consent.

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Mortgage calculator

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£2,283 per month
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Stamp Duty tax
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£3,750
Mortgage and legal costs:
£999
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