BNP Paribas Real Estate has been appointed to sell a prime consented student accommodation development opportunity in London, located at 806 High Road, Leyton, E10. Offers are invited in excess of £10.5 million for the freehold interest.
The 0.8-acre site, situated in the heart of Leyton, has recently secured a resolution to grant, planning consent for a 261-bed Purpose-Built Student Accommodation (PBSA) scheme over ground plus five storeys. The consented development includes a 76% cluster and 24% studio unit mix, along with high-quality shared amenities such as a gaming room, cinema, videocall/podcast pods, and music rehearsal booths.
Crucially, the scheme falls under the 18m threshold, bypassing the need for Gateway 2 compliance, and is fully direct let, targeting London’s strong student rental market.
Andrew Screen, Head of Residential Capital Markets at BNP Paribas Real Estate commented: “This site in Leyton presents an excellent opportunity to acquire and undertake PBSA development in London, where we are seeing substantial investor interest. With strong student demand, limited PBSA supply in the borough, and institutional support from a growing university presence, the fundamentals here are outstanding. The design quality, affordability strategy, and ESG credentials will support premium rents and long-term value for the next owner.”
David Woolman, Director at Woolbro Group added: “Leyton is undergoing a transformation, and we’re proud to have designed a project that not only responds to the acute shortage of high-quality student accommodation in London but also integrates meaningfully into the local community. This development opportunity reflects our belief in Leyton’s future and our commitment to sustainable, resident-focused design.”
John Gulston, CEO at J Group added: “We’re focused on unlocking value through high-quality, socially impactful development and this scheme delivers on every front. With strong planning fundamentals, a design that puts wellbeing and community first, and a location benefiting from real momentum, this is exactly the type of investment opportunity we look to create and bring to market.”
Located in Zone 3 within the London Borough of Waltham Forest, the site benefits from excellent transport links and proximity to 10 higher education institutions within a 45-minute journey, including the University of Portsmouth’s newly opened London campus just 0.7 miles away. The university has plans to grow to 4,000 full-time students in the area over the next four years and has provided a letter of support for the scheme, with a nomination’s agreement under discussion.
The scheme is specified to achieve BREEAM Very Good and a targeted EPC rating of B, with strong ESG features including PV panels, a green roof, and WELL Building Platinum aspirations.
