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Home > Find a Property > Prime Development Site with Planning Consent – SW16, London
Lot Lot 5 - 17 April Property auction

Prime Development Site with Planning Consent – SW16, London

Guide price £ 450,000
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Description

Joint Auction Event: World of Auctions & Palace Auctions

We are thrilled to announce an exciting collaboration between Palace Auctions London, Angel Auctions Faversham, and World of Auctions London for our upcoming joint auction. This unique partnership brings together the expertise of three distinguished auction houses, combining Palace Auctions’ renowned reputation in luxury property auctions , Angel Auctions’ specialization in prestigious items and antiques , and World of Auctions’ regional influence. Buyers can expect an unparalleled selection of properties and high-value items, leveraging Palace Auctions’ nationwide reach and Angel Auctions’ diverse offering of outstanding probate opportunities.

 

Our First collaborative auction promises to deliver outstanding value and quality.

 

Don’t miss this chance to be part of a groundbreaking event that combines the strengths of three leading auction houses, offering you access to some of the most sought-after properties and prestigious items in the market today.

We are thrilled to present this exceptional development opportunity for sale by auction, in collaboration with World of Auctions auctioneers. This joint auction event offers a unique chance for developers and investors to acquire a prime site with planning consent in the highly sought-after SW16 area of London.

Auction Details:

  • Date: 17th April 2025
  • Time: 17:30
  • Venue: Broome Hotel, Canterbury

Development Site Overview

This outstanding development site is situated in the vibrant SW16 postcode area of London, encompassing parts of Streatham, Norbury, and Tulse Hill. The site comes with the invaluable advantage of existing planning consent, providing a clear path for immediate development and reducing risks associated with the planning process 

Key Features:

  • Prime location in SW16, London
  • Existing planning consent
  • Excellent development potential
  • Strong local property market
  • Well-connected area with robust infrastructure

Location Highlights

The SW16 area has been experiencing significant growth and transformation, making it an attractive proposition for developers and investors alike 

Local Amenities:

  • Diverse range of shops, restaurants, and bars on the local high street
  • Green spaces including Streatham Common for recreational activities
  • Cultural and recreational facilities catering to a vibrant community
  • Well-regarded schools and healthcare facilities

Transport Links:

  • Excellent public transport connections to central London
  • Regular train services for convenient commuting
  • Easy access to major road networks

Investment Potential

The SW16 postcode area presents a compelling investment opportunity, supported by strong market fundamentals:

  • Average house price in SW16: approximately £482,500, significantly higher than the UK average of £288,000
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  • Median price per square metre in SW16 2 sector: £6,510, indicating robust property values
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  • Consistent growth in the local property market, attracting young professionals and families
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  • Ongoing area regeneration and improvement initiatives

Planning Consent Details

The planning consent is a major selling point for this development site. It provides:

  • Previously Approved plans for residential development
  • Reduced planning risks and faster development timeline
  • Alignment with local planning policies and regulations

Potential buyers are encouraged to review the full planning consent documentation for detailed specifications and conditions 

Site Characteristics

While specific site details are not provided, typical features of development sites in this area include:

  • Strategic location within the SW16 postcode
  • Potential for multi-unit residential development
  • Opportunities for creating modern, energy-efficient homes
  • Possibility of mixed-use development, subject to planning adjustments

Local Market Insights

The SW16 area is characterized by:

  • A diverse and multicultural community, with a significant proportion of young professionals
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  • Average resident age of 37.1 years, indicating a youthful and active population
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  • Growing demand for quality housing due to the influx of young professionals and families
  • Ongoing improvements in local amenities and infrastructure, enhancing the area’s appeal

Auction Venue: Broome Hotel, Canterbury

The auction will take place at the prestigious Broome Hotel in Canterbury, adding an extra layer of excitement to this event. The Broome Park Estate, with its rich history dating back to the reign of Charles I, provides a magnificent backdrop for this auction.

Venue Highlights:

  • Set in the heart of the Garden of England
  • Grade 1 listed Mansion House completed around 1638
  • Comprehensive amenities including accommodation options
  • Recreational activities available on-site

Bidding Information

Interested parties are strongly encouraged to register their interest early. For more information on the bidding process, legal pack, or to arrange a site visit, please contact our auction team.

Don’t miss this exceptional opportunity to acquire a prime development site in one of London’s most promising areas. Join us at the Broome Hotel, Canterbury, on 17th April 2025 at 17:30 for what promises to be an exciting auction event.

Note: This property is being offered for sale by World of Auctions in collaboration with Palace Auctions. All relevant terms and conditions apply. Please refer to the legal pack for full details.

Get in touch

Edward Swindells Consultant Auctioneer & Valuer
View Ammendum

Auction Venue

Broome Park Hotel, Canterbury Rd, Canterbury CT4 6QX ///than.cooking.presented

Map

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Important Notices & Guidance Notes

Important notices

Pre-registration approval to bid, guide prices, reserves, additional charges and other matters.

Pre-registration approval to bid World of Auctions now require all bidders who wish to bid at our Auctions to register. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given.

Please use the links on our website to pre-register. Following approval to bid, the buyer named in your registration cannot be changed without the consent of the auctioneers.

Guide Prices

A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.

Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.

The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website, and you should check the website regularly for updates and on the day of the auction.

All guide prices are quoted “subject to contract”.

Please note the guide price for the Lot does not include: – any Buyers’ Fee charged by the auctioneers; – VAT on the sale price; – SDLT or any other Government taxes.

Additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.

If a guide price is listed as “TBA”, it means no guide price has been set at present. Please do call our office about this. The guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.

Reserve Prices

The reserve price is the minimum price at which the Lot can be sold.

Whilst every effort is made to ensure that the advertised guide prices are up to date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction.

World of Auctions, Residential and Commercial Auctions. Our content is meticulously curated by our seasoned professionals, specifically tailored for discerning property buyers. Our platform is best suited for experienced institutional or business buyers, as well as individuals equipped with the necessary knowledge and expertise to make informed purchasing decisions. We deal in properties that come with their own unique set of risks, which our sophisticated buyers understand. If you’re uncertain about meeting these prerequisites, we recommend seeking independent advice or reaching out to us directly.”

Buyers Premium 

A buyer’s premium is an additional charge that successful bidders are required to pay on top of their final bid price at a property auction. This fee is typically a percentage of the final bid and is paid directly to the auction house. It serves as a kind of commission for the auctioneer’s services. The exact percentage can vary depending on the auction house. At world of Auctions our buyers premium on Property (Real Estate sales) is normally £5000 plus vat. It is usually clearly stated in the auction’s terms and conditions. It’s crucial for bidders to factor in the buyer’s premium when determining their maximum bid, as it significantly affects the total cost of the property.

Buyers’ fees, Seller’s fees and additional charges

For each Lot, a documentation charge / Fee is payable on the fall of the hammer to World of Auctions as follows:

Residential Auctions – Lots sold for £10,000 or more: Buyers’ Fee of £1,500 inclusive of VAT.

Lots sold for less than £10,000: Buyers’ Fee of £500 inclusive of VAT.

Commercial Properties – All Lots: Buyers Fee £1,000 excluding VAT

Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.

VAT may be chargeable in addition to the sale price for the Lot. The auctioneer will announce this and will be contained within the particulars.

Other Matters

Please note that Lots may be sold or withdrawn at any time prior to auction.

Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer’s Fee may be varied from the standard amounts quoted upon or website or by a member of our sales team. So please check.

Please refer to the addendum, the Particulars and/or the conditions of sale.

Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020

The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing.

The Auctioneers do not warrant or represent that any plans or photographs show the up-to-date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.

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