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.
Fresh off the press in time for the summer - the latest changes to lettings regulations you need to know about.
As always I love feedback, comments and so forth so do get in touch if you're interested to speak further. On that note I have some interesting opportunities for sophisticated investors - if you are looking to invest in property and are looking for good returns then please drop me a line and start the conversation; I have a few projects which need funding and I am still looking for an investor in order to get it off the ground.
I have invested in leasehold properties primarily - an area I would like to think I know a fair bit about, yet we all find ourselves the student still in most parts of our lives. My learning experience was an expensive one when I tried to extend the lease on a property I bought at auction in 2017; the lease took 11 months to extend at a cost nearly double what I thought it was going to be! Sadly this is down to me simply taking a risk too great, and I ended up making very little money on this particular project. I should have risked less, but "you can't win them all" as they say so I used this as a learning experience and moved on.
The other part of leaseholder woes is the excessive charges. Ridiculous charges for things like consents built in to the leases, blatant back hand agreements that Freeholder X uses managing agent Y to manage (and funnily enough the directors of both companies are one and the same), the list goes on...! A good friend of mine Stefania recently h…
You read the personal finance pages of the newspapers and it all seems to be the impending pensions crisis ... where people aren’t saving enough for their retirement. But it’s not the lack of Clapham peoples’ future pension incomes that are my immediate concern. The fact is that so many of the future retirees in Clapham over the coming decade, who never bought their home in the Millennial years of the 1990’s and 2000’s, will have to make some tough decisions regarding what house they live in when they retire anytime between now and 2038.
In Clapham (or SW4 to be exact), there are 193 privately rented households, where the head of the household is between 50 years and 64 years of age (meaning they will be retiring anytime between now and 2038). They are working now and easily paying the rent, yet what happens when they retire?
A Clapham retired couple, who currently privately rent and who have paid their fully qualifying NI stamp over the last few decades are likely to retire with t…