Description of the Deal:
-Freehold 1 bedroom flat in Central London with planning permission granted to extend into the loft space and reconfigure into a 2 bedroom flat.
The Background:
Direct to Vendor Opportunity to buy a 1-bedroom flat in Central London, Vauxhall (Zone 1/2). The owner has applied and received planning permission to extend into the loft space and convert the small 1 bedroom flat into a spacious 2 bedroom apartment.
Builders quotes have been obtained and it will be looking like Circa £75-80k including VAT to complete the works over a 3-4 month time frame.
Party wall agreement to be finalised but discussions have been had and no issues/conflicts appear to be arising in relation to the works.
The Numbers Breakdown
End Value - £600k+
Refurb - Circa £80k (Builders quotes on request)
Stamp Duty - £23k
Legal & Sourcing Fees - £11k
Purchase Price £410k
Profit - £70k+
Holding costs and finance is not included within the breakdown.
Reach out today to register your interest.
To register your interest, please email your details to alex@approperty.uk
If you would like to register interest in this property, please send your proof of funds to alex@approperty.uk and we will be in touch. There will be a buyers fee to secure the property and take it off market.
Project Management Services also available upon request.
Property Details
Property Type
FLAT
Bedrooms
1
Bathrooms
1
Size
40sqm
Floors
1
Property Location
London, UK