Leasehold Flat Development Project
Good floorplan in place...bad condition...GREAT Potential
We came across a Leasehold flat with a great existing floorplan but in an extremely poor state. This represented an encouraging investment, as the need for professional services (engineers, architects, planning permission, freeholder consent etc...) is minimal. With no alterations to the flat layout necessary, this allowed us to immediately commence refurbishment, reducing latency costs associated with this project.
Existing Plans
First Floor Plan
Located in the popular Muswell Hill area of London, this property is a first floor flat. At 850 square feet, there were 3 bedrooms, 2 bathrooms, kitchen and external areas requiring refurbishment.
Whilst there was little opportunity for increasing the property size, an attractive sale price offered scope for refurbishment to significantly increase the value of this property.
Not only did this property present great opportunity for capital growth, but also as a buy-to-let investment with this area being very popular with young affluent professionals seeking long-term rental accommodation.
