Guide price
£12,000,000
(£872/sq. ft)
Block of flats for saleWorton Road, Isleworth TW7
13,756 sq. ft
- New home
- Freehold
Churchill Mergers
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About this property
Planning to build 20-25 additional residential flats (Subject to planning)
Situated near Richmond, offering excellent transport links and local amenities.
Generates £494,000 annually from flats with potential for growth.
£97,000 per year from a commercial unit with conversion plans.
£18,000 per year from a telephone mast lease.
The property is being sold as a freehold block.
Rear land includes a car park, adding to the development potential.
Strong rental demand due to proximity to the affluent Richmond area.
Expected rise in rental income with planned rent increases for several flats.
Innovation House presents a premium investment opportunity in the heart of Isleworth, near the affluent area of Richmond. This freehold property comprises 22 high-specification residential flats, with two additional rear plots—one commercial unit and one car park—Potential to build (Subject to planning) another 20-25 flats. With a total current rent roll of £609,000 p.a. (including £97,000 from commercial and £18,000 telephone mast income), and further development upside, this is a rare asset in a strong rental location.
🏢 Property Features
Freehold block of 22 modern flats
Total floor area across flats: 13,756 sq ft
Current combined rent roll: £609,000 p.a.
Flats: £454,000 p.a. (rising to £511,000)
Commercial: £97,000 p.a.
Telephone mast: £18,000–£20,000 p.a. (lease in progress)
Flats include a mix of 1-bed, 2-bed, and studio units
Many flats recently let under guaranteed rent agreements
Excellent tenant demand due to proximity to Richmond
🚧 Development Potential
Rear commercial building with planning permission (expected to be granted soon)
Estimated capacity: 20–25 additional residential flats
Rear land includes a car park and commercial structure for demolition
Planning granted under permitted development
📍 Location
292 Worton Road, Isleworth, TW7 6EE
Located minutes from Richmond and well connected to Central London, this vibrant area benefits from strong tenant demand, green spaces, and regeneration. Excellent transport links and local amenities make this a highly desirable residential zone.
💷 Financial Snapshot
Total Current Rent: £609,000 per annum
Market Rent Potential: £630,000+ per annum with uplifts
Telephone Mast Lease: Additional £18k–£20k per annum
Development Yield: Significant uplift potential through additional flats
📌 Highlights at a Glance
Fully tenanted with no voids
New guaranteed rent agreements increasing yield
Planning permission for further flats underway
Strategic location near high-value Richmond area
Turnkey investment with upside potential
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