£500,000
Property for saleShakespeare Road, Hammersmith, London SE24
Freehold
About this property
Location
Situated in the desirable residential neighbourhood of Poet’s Corner, the
property occupies an attractive position between the vibrant amenities
of Brixton and the village-like, family-friendly character of Herne Hill.
The property benefits from excellent connectivity, with easy access to
an extensive range of parks, schools, cafés, restaurants and everyday
amenities.
Herne Hill station is approximately 0.5 miles (10 mins walk) away, providing direct services to London Victoria (in 10 mins), together with
Thameslink services to Blackfriars (in 13 mins), Farringdon (in 14 mins)
and St Pancras International (in 22 mins)
Brixton Underground station, approximately 0.8 miles (15 mins)
provides fast connections across London via the Victoria line. Numerous
bus routes are also available within a short walk.
The surrounding area is particularly well served for residential living, with
Brockwell Park and Brockwell Lido nearby, alongside a wide selection of
independent cafés, bakeries, restaurants, supermarkets and gyms.
Together with the area's strong transport links and established
residential character, this makes the property particularly well positioned
for the proposed residential conversion.
Development Potential
The property offers an exciting opportunity to create a
substantial 4-bedroom family home, with further potential
offered by the existing basement accommodation.
The planning application (Ref: 26/01559/ful) proposes the
conversion of the vacant ground floor to provide a 4-bedroom /
7-person self-contained dwelling extending to approximately
1,556 sq.ft. (144.5 sqm), together with private amenity space to
the front and rear.
The existing ground-floor accommodation benefits from
generous ceiling heights of approximately 3.0 m, providing
excellent volume and a strong basis for a premium residential
conversion.
The application has progressed to the Section 106 legal
agreement stage, with completion of the agreement
anticipated shortly. Full details of the application are available
via Lambeth Council’s planning portal.
Beyond the current application, the property also includes
substantial basement accommodation with an existing ceiling
height of 2.1 m, offering purchasers potential to create
additional units subject to the necessary consents.
Prospective purchasers should make their own enquiries with
the Local Planning Authority regarding the current planning
position and the potential for any further development
Terms
Offers in excess of £500,000. A purchase at this level reflects a very low capital value of £210/sqft. Comparable residential capital values in
the area in excess of £750/sqft
Tenancies
The residential 1 floor apartment is subject to a 999 year lease from 2012 (985 years remaining). Ground rent £50 per annum doubling every
100 years.
VAT
The property has not been elected for VAT
Viewings
By appointment only via seller's sole agent: Wilmott's Chartered Surveyors
Situated in the desirable residential neighbourhood of Poet’s Corner, the
property occupies an attractive position between the vibrant amenities
of Brixton and the village-like, family-friendly character of Herne Hill.
The property benefits from excellent connectivity, with easy access to
an extensive range of parks, schools, cafés, restaurants and everyday
amenities.
Herne Hill station is approximately 0.5 miles (10 mins walk) away, providing direct services to London Victoria (in 10 mins), together with
Thameslink services to Blackfriars (in 13 mins), Farringdon (in 14 mins)
and St Pancras International (in 22 mins)
Brixton Underground station, approximately 0.8 miles (15 mins)
provides fast connections across London via the Victoria line. Numerous
bus routes are also available within a short walk.
The surrounding area is particularly well served for residential living, with
Brockwell Park and Brockwell Lido nearby, alongside a wide selection of
independent cafés, bakeries, restaurants, supermarkets and gyms.
Together with the area's strong transport links and established
residential character, this makes the property particularly well positioned
for the proposed residential conversion.
Development Potential
The property offers an exciting opportunity to create a
substantial 4-bedroom family home, with further potential
offered by the existing basement accommodation.
The planning application (Ref: 26/01559/ful) proposes the
conversion of the vacant ground floor to provide a 4-bedroom /
7-person self-contained dwelling extending to approximately
1,556 sq.ft. (144.5 sqm), together with private amenity space to
the front and rear.
The existing ground-floor accommodation benefits from
generous ceiling heights of approximately 3.0 m, providing
excellent volume and a strong basis for a premium residential
conversion.
The application has progressed to the Section 106 legal
agreement stage, with completion of the agreement
anticipated shortly. Full details of the application are available
via Lambeth Council’s planning portal.
Beyond the current application, the property also includes
substantial basement accommodation with an existing ceiling
height of 2.1 m, offering purchasers potential to create
additional units subject to the necessary consents.
Prospective purchasers should make their own enquiries with
the Local Planning Authority regarding the current planning
position and the potential for any further development
Terms
Offers in excess of £500,000. A purchase at this level reflects a very low capital value of £210/sqft. Comparable residential capital values in
the area in excess of £750/sqft
Tenancies
The residential 1 floor apartment is subject to a 999 year lease from 2012 (985 years remaining). Ground rent £50 per annum doubling every
100 years.
VAT
The property has not been elected for VAT
Viewings
By appointment only via seller's sole agent: Wilmott's Chartered Surveyors
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Monthly repayment
£2,501 per month
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