Henshall & Partners, a leading London property consultancy, has been appointed as sole agent to market a significant development opportunity in on Larkshall Road, Highams Park, in the London Borough of Waltham Forest.

The existing site extends 0.68 acres and comprises four self-contained office buildings, with a large car park to the rear. The site benefits from full planning permission for a unique 5-7 storey scheme providing 68 private sale homes, with 5,231 sq. ft. of commercial space. The Gross Development Value (GDV) of the completed scheme is estimated to be £30 million.

The proposal was consented by way of appeal with Waltham Forest Council in January 2023 and will replace a dated low-block building, whilst delivering much-needed high quality private sale housing in the area. This alongside quality contemporary commercial space, public realm, and a new station entrance to Highams Park.

The scheme was designed by leading east London architecture practice Davy Smith Architects and features an attractive brick-clad building, across three separate blocks. Each apartment will be shaped for modern lifestyles, complete with high-tech sustainable features and incredible aspects of the London skyline.

This substantial development opportunity is likely to appeal to a range of developers including private sale, BTR, PBSA and Co-Living operators.

Chris Henshall, Managing Director of Henshall & Partners commented: “This is an exciting development opportunity in an emerging East London location undergoing a significant growth period, that will benefit from a high-quality residential scheme such as this. Following delays in the planning system due to the pandemic, we anticipate there will be strong competition from developers for consented opportunities, such as this, that will allow them to get straight down to the business of completing well-designed homes that will prove popular with purchasers.