The developer of a £2m jumble yard pub has applied to build a four-storey block of shops and 26 flats on the site.

Landowner New York Developments Ltd was given permission by Waltham Forest council in late June to demolish the Royston Arms in Chingford Mount Road, Chingford, in a bid to provide shops and housing on the half-acre site.

Plans have now been submitted to build a staggered four-storey block with two shops at ground level, eleven flats at first level, ten flats at second level and five flats on the third floor.

Each of the 26 units will have private balconies and will be made up of four one-bedroom flats, nineteen two-bedroom flats and three three-bedroom flats.

The third level will feature a 400sqm communal space with a children's play area, and access at ground level for 19 car parking spaces.

No affordable housing has been included in the scheme as it was not considered "viable".

Since the beginning of this year, the ground floor of the pub has been operating as a retail unit selling discounted goods after the landowner temporary leased the pub to ThisnThatLtd for £12,000.

The jumble yard was under investigation but the council eventually approved a change of use for retail purposes.

It has been almost a year since it closed and Stonegate Ltd sold it on to developer estate agent Kingsbury for £1.1m.

Kingsbury then reportedly doubled its profit as the Chingford Islamic Society told the Guardian it was outbid with its £2.2m offer.

The loss of a Chingford pub has been justified by the landowner in a planning statement, which reads: "The applicant would argue that the social, environmental and economic benefits of the scheme would clearly outweigh any harm and particularly the loss of the existing building.

"It should be noted that the public house building is of no architectural interest and does not benefit the character of the existing street scene, therefore the demolition of this building would not negatively impact on the character of the area.

"The proposal will provide investment into Chingford and the wider borough and contribute to the growth of the borough."

Loughton-based Imperial Developments, who owns New York Developments Ltd, will be developing the site and have been approached for a comment.