3 Mandeville Street

Overview of 3 Mandeville Street Development

Located in Lower Clapton, Hackney, 3 Mandeville Street is a freehold property with planning permission for residential development. It's at the corner of Mandeville Street and Rushmore Road. You can buy it at a public auction, unless it sells beforehand. The area is mostly residential, near green spaces like Hackney Marshes, the River Lea, and Queen Elizabeth II Olympic Park, which makes it a desirable place to live long-term.

The plan is to knock down the current building and put up an eight-story building with 46 apartments and commercial or community space on the ground floor. The site is vacant, so there are no hold-ups to start in this established East London area.

Planned Layout and Apartment Types

The approved plan includes 43 one-bedroom affordable apartments and three two-bedroom apartments for sale. The private apartments each have their own balcony, and all residents can use a large roof terrace with views of the City, Canary Wharf, and Stratford. Each apartment is designed to meet today's standards, with efficient layouts and both private and shared outdoor areas.

The project also features a commercial or community space on the ground floor, which should bring activity to the street and involve the local community. The planning permission allows for other residential or commercial uses, but would need additional approvals. This makes the project flexible in an area with a constant need for housing.

Location, Transport, and Market

Lower Clapton has good transport links, with Homerton Overground station about 1 kilometer to the southwest and Lea Bridge rail station about 1.2 kilometers to the northeast. These stations connect directly to Stratford, Tottenham Hale, and other job centers in London. The nearby A12 road improves travel to Canary Wharf and the North Circular. A map shows how close the site is to parks, transport, and local services.

The guide price starts from £1,100,000, which reflects the approved plans and freehold ownership. Images are available, including computer-generated views and a photo from the roof, to show the size and design of the project. For a buyer looking for a residential development opportunity with planning permission in Hackney, 3 Mandeville Street offers a clear and promising deal with solid location advantages.