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MapResidential development for sale
11 & 13 New Road, London, E1 1HE
Residential development
8 beds
EPC rating: C
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
- Unique Development Opportunity
- Mixed Use, Commercial, Ground Floor Unit (Currently Empty) and Eight Self Contained One Bedroom Flats (Tenants In-Situ)
- Two Basements with Scope for Development and Rear Elevation (STPP)
- Being Sold with Freehold
- Close to Whitechapel Station and Aldgate East Station
- Moments from Queen Mary University of London, Whitechapel Campus and Royal London Hospital
- Convenient for Access to Liverpool Street, Moorgate and Canary Wharf
Havilands are delighted to present a RARE FREEHOLD MIXED-USE DEVELOPMENT OPPORTUNITY on New Road, E1.
This substantial property comprises: Ground floor commercial unit (currently vacant, offering strong rental potential). Eight self-contained one-bedroom flats arranged across four floors (all sold with tenants in situ, offering immediate income). Basement area with scope for development. Significant potential for further expansion to the rear elevation (subject to planning permission).
A detailed floorplan is available, including layouts of the commercial unit and an example one-bedroom flat.
Rental & Income Overview
Commercial Unit: Currently vacant, with rental potential of £20,000 – £25,000 per annum.
Two Basements: Estimated potential rental income of £35,000 – £50,000 per annum, subject to development.
One-Bedroom Flats: Currently let at below-market rental values, presenting considerable scope to increase returns.
Flat Sizes
Number 11: 1st Floor – 36.4 sqm | 2nd Floor – 36.4 sqm | 3rd Floor – 40.6 sqm
Number 13: Ground Floor | Flat 1 – 35.3 sqm | Ground Floor Flat 2 – 34.2 sqm | 1st Floor – 40.7 sqm | 2nd Floor – 40.7 sqm | 3rd Floor – 45.2 sqm
Combined Current Annual Income: £135,380
Potential Annual Income: £210,300
Location Highlights
The property benefits from excellent transport links, just a short walk to:
Whitechapel Station (Zone 2) – providing Crossrail/Elizabeth Line access.
Aldgate East Station (Zone 1) – for District and Hammersmith & City Lines.
Within close proximity to:
Queen Mary University of London, Whitechapel Campus, Royal London Hospital, Bustling amenities along Commercial Road, Easy access to Liverpool Street, Moorgate, and Canary Wharf.
This is an exceptional investment opportunity offering a blend of immediate rental income and significant development potential in one of East London’s most dynamic growth areas.
EPC Details:
11 New Road (Commercial): Current 73(C)
11A New Road (Residential): Current 61(D); Potential 82(B)
This substantial property comprises: Ground floor commercial unit (currently vacant, offering strong rental potential). Eight self-contained one-bedroom flats arranged across four floors (all sold with tenants in situ, offering immediate income). Basement area with scope for development. Significant potential for further expansion to the rear elevation (subject to planning permission).
A detailed floorplan is available, including layouts of the commercial unit and an example one-bedroom flat.
Rental & Income Overview
Commercial Unit: Currently vacant, with rental potential of £20,000 – £25,000 per annum.
Two Basements: Estimated potential rental income of £35,000 – £50,000 per annum, subject to development.
One-Bedroom Flats: Currently let at below-market rental values, presenting considerable scope to increase returns.
Flat Sizes
Number 11: 1st Floor – 36.4 sqm | 2nd Floor – 36.4 sqm | 3rd Floor – 40.6 sqm
Number 13: Ground Floor | Flat 1 – 35.3 sqm | Ground Floor Flat 2 – 34.2 sqm | 1st Floor – 40.7 sqm | 2nd Floor – 40.7 sqm | 3rd Floor – 45.2 sqm
Combined Current Annual Income: £135,380
Potential Annual Income: £210,300
Location Highlights
The property benefits from excellent transport links, just a short walk to:
Whitechapel Station (Zone 2) – providing Crossrail/Elizabeth Line access.
Aldgate East Station (Zone 1) – for District and Hammersmith & City Lines.
Within close proximity to:
Queen Mary University of London, Whitechapel Campus, Royal London Hospital, Bustling amenities along Commercial Road, Easy access to Liverpool Street, Moorgate, and Canary Wharf.
This is an exceptional investment opportunity offering a blend of immediate rental income and significant development potential in one of East London’s most dynamic growth areas.
EPC Details:
11 New Road (Commercial): Current 73(C)
11A New Road (Residential): Current 61(D); Potential 82(B)
Property information from this agent
About this agent
Our service and our reputation is built over almost 50 years of guiding buyers, sellers and landlords to successful conclusions. A dynamic independent company, we provide all the personal and technical support needed to buy/sell rent/manage your home. Our strong local connections give us an advantage in, and a unique knowledge of, our market. We are specialists who understand exactly why your home is so valuable to you and our large database of buyers enables us to find you a match who also recognises and appreciates that value. Taking the time to really understand our clients’ needs is the foundation of our supportive, efficient and professional service. We’ve been around the block a few times so there are not many situations that we haven’t experienced… that being said we’re always up for a new challenge! We have evolved through many market changes over the years and from our hard-earned position we have taken our very tailored approach and applied it to a diverse portfolio of properties. Our experience has been built with care, and over time and at Havilands we always aim to exceed your expectations. Our dedicated team are the heart of Havilands and the key to our success; with Havilands you don’t just deal with anyone, you deal with someone who will support you from start to finish. We look forward to working with you. As a reflection of our professional status, Havilands also offers reassurance to its clients by being members of : NAEA Propertymark (C0007493 & M0024926) The Property Ombudsman (Member D03007), The Guild of Letting and Management (Member 478), Client Money Protection (Scheme Ref C0007493) and Data Protection (Reg ref ZA508841).