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Plot for sale
18, Iron Bridge Close, Brent, London, NW10
£5,000,000
18, Iron Bridge Close, Brent, London, NW10
£5,000,000
Our Summary
- A unique opportunity to acquire a purpose-built residential block comprising ten self-contained flats, with approved planning consent for the addition of two further units—offering significant scope for long-term value enhancement with strong yield
- Planning permission has been granted for the construction of two additional three-bedroom units, with initial works already underway
- Combining stable, government-backed rental income with clear development upside, this asset offers a strong balance of security and growth potential—making it a standout proposition in the current market
- Current rental income: £219,000 per annum Projected rental uplift: +£60,000 per annum once new flats are completed Future total income: £279,000 per annum
Description
This unique property investment opportunity comprises a purpose-built residential block with ten self-contained flats, including nine one-bedroom and one two-bedroom apartments, with approved planning consent to add two more units. The existing property is of traditional construction with modern amenities, including fitted kitchens and bathrooms, and benefits from a secure communal entrance and allocated parking. Strategically located in a well-connected neighborhood, the property enjoys excellent transport links and is undergoing regeneration, making it an attractive investment opportunity. With planning permission granted for the construction of two additional three-bedroom units, the property offers a compelling opportunity to increase rental income and capital value, providing a strong balance of security and growth potential.