Lochinvar Care has sold a 5.1-acre freehold site in Chingford, North East London, to LNT Care Developments for an undisclosed price.
The site, which is currently home to Sewardstone House and Chapelfield Nursery, benefits from planning permission for a state-of-the-art 66-bedroom care home spanning two storeys.
The new care home will offer a wide range of on-site amenities including a café, bar, dining rooms, quiet lounges/family rooms, a library, cinema room and hairdressers.
Mandip Bhogal, partner, healthcare at Knight Frank, which advised Lochinvar Care on the deal, 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 of Lansdown, a land promoter whose group of companies include Lochinvar Care, 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, said: “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 in early 2026.”
