5 bedroom terraced house – Quarrendon Street, London SW6
MANAGED BY identified this house for an English client to add to his existing portfolio. It was outdated but had huge potential for capital uplift by adding significant square footage with a view to resale in 10 years.
MANAGED BY are currently overseeing the major re-building works which include excavating the basement, adding a side and rear extension as well as 2nd and 3rd floor roof extensions.
|Property Purchase Price||£2,850,000|
|Cost of Refurbishment||£990,000|
|Total Capital Investment||£3,840,000|
|Projected Annual rent (ROI 4%)||£156,000|
Project length 60 weeks – ready to let Spring 2015.