SUTTON DEVELOPMENT
Minster Avenue, SM1
Part demolition and conversion of the house into 2 houses: A terraced and a semi detached house. Side and back extension, split into 2 dwellings.
Full refurbishment of the newly formed 2 x 3 storey houses: A 5 bed and a 6 bed house, with garden and rear garage, in the borough of Sutton. Both fully licensed luxurious HMOs with majority en-suite double bedrooms, and some with own kitchenettes, and an extended shared kitchen.
SUMMARY
Asking Price:
Purchased Price:
Professional Fees:
Development Costs:
Refinance Valuation (GDV):
Annual Gross Rental:
Rental Yield:
Annual NET Profit:
Cash Left in the Deal:
ROI (Return On Investment):
£575,000
£535,500
£12,500
£480,000
£1,350,000 (2 houses)
£106,920
7.9%
£77,700
none
infinite
More information about the project including the financial breakdowns and regular video updates during the development phase with full explanation of the progression can be found here.
PROPOSED ELEVATIONS
Below are the photos from before, during and after the development. Please click or hover on each photo to read the description and find out more about the project and changes were done.
BEFORE DEVELOPMENT
DURING DEVELOPMENT
DURING DEVELOPMENT
Please contact us for more information about the project including the financial breakdowns and regular video updates during the development phase with full explanation of the progression.