Lochinvar Care Limited sold Sewardstone House and Chapelfield Nursery, a c. 2-ha freehold site located in Chingford, north east London, to LNT Care Developments. The site benefits from planning permission for a state-of-the-art 66-bedroom care home spanning 2 storeys. Knight Frank has advised on this transaction.
The proposed care home will be the first to be built within the catchment area in 10 years. The proposal comprises high quality amenity spaces including a café, bar, dining rooms, quiet lounges/family rooms, a library, garden room, cinema room and hairdressers. The state-of-the-art back-of-house catering facilities include staff showers and changing rooms. The care home will have wide corridors with level and amenable access throughout. The plans incorporate 30 parking spaces including 2 accessible bays and 6 EVCP bays, as well as 8 cycle spaces.
The site is located in Chingford, in the London Borough of Waltham Forest, which has a population of c. 70,500, including a growing elderly population. The site is well-connected via Sewardstone Road, providing access to the nearby M25 and the centre of Chingford. The site is also accessible by public transportation, served by the regular 215 TFL bus service to Chingford Station, Chingford Mount and Walthamstow Central tube station.
The site is surrounded by residential properties and leafy parks, making it an attractive and peaceful setting.
Mandip Bhogal, Partner, Healthcare at Knight Frank said: “With no new care homes having been constructed recently in Chingford, and a large local elderly population, there is an estimated undersupply of 729 market standard wet room beds by 2026. We are pleased to have advised Lochinvar Care Limited on this transaction with LNT to deliver a much-needed, modern and purpose-built care home for the local community.”
Richard Hardy, Managing Director, at Lansdown, a land promoter whose group of companies include Lochinvar Care Limited added: “We have enjoyed working with Knight Frank in the sale of the Sewardstone Road site which has an amended planning permission for a luxury care home with high sustainability credentials. There is a lack of purpose-built care homes in this area of high demand, and LNT’s care home will undoubtedly be an asset to the local area. This is the first of several excellent care home development sites within and around London which Lansdown will be bringing forward over the coming years.”
Keeley Sharp, Strategic Land Director, at LNT Care Developments added: “It has been a pleasure working with Lochinvar Care and Knight Frank to secure the opportunity to bring a further 66, much needed residential care beds to the Chingford area. Works on site have already commenced, and we look forward to opening to the local community early 2026.’’
Image source - Knight Frank.
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