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Lot 51 - AIR SPACE DEVELOPMENT WITH PLANNING PERMISSION GRANTED FOR FOUR FLATS

Air Space Above 1-12 Monkwood Close, Romford, Havering, RM1 2NQ

Guide Price £140,000 PLUS *
Thu Jun 04 2026
11:00am

Property 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 ½ 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, A12

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

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

Auction Surveyor: Stuart Mackay
Contact: 020 8509 4447 / 07928 456 982
stuart.mackay@strettons.co.uk

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #16] Note that in addition to the purchase price there is a buyer’s administration fee [section #11] and there may be additional non-optional fixed or variable fees and costs [section #12]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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Air Space Above 1-12 Monkwood Close, Romford, Havering, RM1 2NQ

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