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Vauxhall Flat with Planning Permission

London, UK

NO LONGER AVAILABLE

410,000


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

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