block of new flats for sale

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Worton Road, Isleworth TW7 See map

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

Listed: May 2, 2025
Views: 109
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Monthly Payment £29,107.53
Total Interest £2,603,712.05
Total Payments £13,103,712.05
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