For those with some expertise in creating something out of
nothing this could be a great project. A bit unclear whether it still needs
excavating, but one thing is certain; the end product is to be a desirable
studio flat in “Emerging Outer Prime” Streatham Hill.
Studio flats on these roads should fetch in the region of £215,000
to £230,000. So with a potential resale of £215,000 plus a guide of £30,000
plus some legals and building work makes for a handy profit of £150,000plus.
Unless of course the bidding goes crazy….
But, will planning permission be granted? There have been
objections in the past on the road by the looks of things, so perhaps the
vendor was wiser to await the decision before throwing this one under the
Interesting for the right buyer with the right experience to
see it through.
So, if you're in the market for a good opportunity to develop
something from nothing then have a look at this one.
If you aren't doing anything that will yield you 8.5% stop what you are doing and go and buy this flat. Spotted on for sale this morning: A 3 bedroom maisonette with roof terrace for £275,000. They either got the price wrong or it’s earmarked for a sale TODAY! Oaklands Place is just off St Alphonsus Road SW4, and there are probably only a bunch of flats above shops that are actually closer to Clapham Common Tube. http://www.rightmove.co.uk/property-for-sale/property-49806079.html Normally I would say it may be tricky to let as 2 out of the three bedrooms are a bit on the smaller side, but location prevails. It will let in a day surely. I put a conservative estimate of £450pw on it, but I think given the location a bidding war isn’t out of the question, especially with the Summer Rush taking place by the time you complete on this beauty. It’s in immaculate condition and features outside space. WHAT ARE YOU WAITING FOR!? Call me the moment you’ve plac
Well if there is one bit of good news that came out of this Covid-19 Pandemic it's the sheer amount of help displayed from the government to assist those in need. We all know by now the extent of the grants and breaks for most of those in the economy, now the housing market needs a push. Estate agents are rejoicing in easy sales now as with the axe of stamp duty up to £500,000 it certainly means a considerable cash discount on purchasing a (next) home. Imagine not having to fork out with the £15,000 required on a £500,000 purchase price certainly makes a considerable difference! And for investors? Sadly the 3% surcharge still remains... However there's still savings to be had of course, on £500,000 we are also saving that £15,000, so still less money to park in the "deal" upfront. This can only be a good thing. Forever? Well the key question is of course, how long will this last? At the moment details such as that remain unclear, so should we all rush to buy now? We
Time for another video! Check out this video to see if you are making these mistakes and costing yourself an arm and a leg. I focus on getting the best returns for myself and of course my investor clients; these are the top 5 property investing mistakes I see regularly so be sure to avoid these! As always I'm happy to help you so do reach out via email! I love to help other investors old and new find their way in the myriad of strategies that are available. Are you looking for coaching, mentoring or simply after a sourced deal? Do check out my personal website to choose a package for you! Don't forget to check out my YouTube channel for more useful information on all things buy-to-let and don't forget to subscribe!