WANDSWORTH DEVELOPMENT
Buckhold Road, SW18
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A conversion and full refurbishment of 2 storey 3 bedroom and 1 bathroom terraced house, with garden and driveway, in the borough of Wandsworth, previously used as an unlicensed HMO, in a very poor condition, into fully licensed luxurious HMO with 5 en-suite double bedrooms, 5 bathrooms, 2 extra kitchenettes, a conservatory used as utility room and a new welcoming landscape for the garden. Secured planning permission for the dormer, rear extension and conservatory to increase the potential residential floor space of this South West London property by 50%.
SUMMARY
Asking Price:
Purchased Price:
Professional Fees & SDLT:
Development Costs:
Refinance Valuation (GDV):
£550,000
£512,500
£40,000
£175,000
£850,000
Annual Gross Rental:
Rental Yield:
Annual NET Profit:
Cash Left in the Deal:
ROI (Return On Investment):
£62,500
7.35%
£39,600
£160,000
24.5%
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.
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
AFTER DEVELOPMENT
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.