KEY POINTS
- walking distance to the train station (direct to waterloo in 50 mins)
- l-shape loft conversion potential
- off street parking
- high rental demand
- family home
OVERVIEW
We acquired this property with a specific purpose in mind: to provide a long-term family home for a close friend. Understanding their needs and aspirations, we ensured that this property would be the perfect fit for their growing family.
With two children attending the local school, our priority was to offer a home that they could comfortably settle into for years to come. Additionally, we took into consideration their desire for a spacious outdoor area and secured a property with a large garden, allowing them to create lasting memories and enjoy outdoor activities together.
gross development value:
£450,000
purchase price:
£265,000
build costs:
£70,000
professional fees:
£15,000
total project cost:
£350,000
rent roll:
£19,800 PA
profit on gdv:
£100,000
project duration:
3 months
DEVELOPMENT
In this remarkable development, an L-shape loft conversion was skillfully executed, resulting in the addition of two extra bedrooms and an additional family bathroom. As a result, the property has been transformed into a spacious 5-bedroom, 2-bathroom home, ideally suited for growing families in need of extra space.