Chestertons are pleased to bring to market this consented residential development opportunity situated to the rear of Collingwood Business Centre, Mercers Road, London N19 4PJ.

Planning consent has been granted for the construction of six new freehold houses, providing a total of 636 sq m (6,846 sq ft) of new residential accommodation. The consented scheme comprises 3 x two-bedroom, two-bathroom houses of 97 sq m (1,044 sq ft) and 3 x three-bedroom, two-bathroom houses of 115 sq m (1,238 sq ft).

Comparable sales in the immediate vicinity support an approximate GDV of £5,960,000, with recent achieved prices ranging from £803 to £869 per sq ft across a directly comparable scheme nearby.

The site benefits from an excellent position in Tufnell Park, one of North London's most sought-after residential enclaves. With a PTAL rating of 5, the site offers outstanding public transport connectivity, with Tufnell Park Underground Station (Northern line) within easy reach alongside a strong network of local bus routes.

The site is held freehold (HMLR Title Number LN130579). Purchasers should note a CIL payment of £360,000 and a Section 106 contribution of £309,000 are due.

The wider freehold interest in the adjoining Collingwood Business Centre may also be available, offering a purchaser the potential to acquire an income-producing asset alongside the development land. Further details are available upon request.

For further details or to arrange an inspection, please contact Chestertons Land & New Homes.