Terraforte

London nw6

Two Bedroom Maisonette

London NW6

Two bedroom maisonette purchased in 2005 for £330,000 at auction.
London NW6 –

Description

It was a probate sale and was in pretty poor condition. We completely refurbished it but now is due to uplift.

We have decided to extend and reconfigure the property to a 3 bedroom apartment with an open planned living room into the garden via the extension where the bedrooms were before.

We have obtained planning permission for that. We also have the option to convert to two flats at a later date and are doing the works to accommodate the possibility subject to planning in the future.

London NW6

London NW6
Two bedroom maisonette purchased in 2005 for £330,000 at auction.

Financial Overview

Enfield EN3

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Purchase Price
£330,000
Build cost
£85,000
Current value
£850,000
Projected GDV
£1.2m
Refinance @ 75% LTV
£900k
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Rental Income
£34,924 pa

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Enfield EN3

Two bedroom maisonette purchased in 2005 for £330,000 at auction.

London NW6

Two bedroom maisonette purchased in 2005 for £330,000 at auction.