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.
Well not a "proper" one at least... I have my investment properties largely in a limited company, which I guess, is a business. One that gives me a semi-passive, recurring income without requiring a heap of my time. Well having taken over an existing management portfolio has been everything but passive. Daniel and I have been working very hard to sort out the problems the previous managing agent had left behind for us - just a brief overview of some of the problems we've dealt with in the last few weeks: Tenants locked the WC door from the inside Dripping tap Radiator not working Broken washing machines Blocked shower drains (and the tenants kept on showering causing flooding and collapsed ceilings below 😱) No internet because the previous utility company had cut it off rather than waiting for us to switch it over. So why the sudden change? Well there's opportunity. Daniel and I have been great working together on our WeSourceLondon.Properties brand
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!
Continuing on my list of top investor tips, today the top 5 things that put off buyers and renters! Have a look at the video and see if you can improve how quickly you let/sell or improve the price that you're going to get by following these tips! 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!