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WIMBLEDON DEVELOPMENT

The Path, SW19

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A conversion and full refurbishment of 2 storey 3 bedroom and 1 bathroom terraced house, with garden and rear garage, in the borough of Merton, previously used as dated family house by the owner since 1953, into fully licensed luxurious HMO with 5 en-suite double bedrooms, 5.5 bathrooms, 3 extra kitchenettes, and an extended kitchen. Secured planning permission for the dormer, rear extension to increase the potential residential floor space of this South West London property by over 40%.

SUMMARY

Asking Price:

Purchased Price:

Professional Fees & SDLT:

Development Costs:

Refinance Valuation (GDV):

£575,000

£535,000

£40,000

£190,000

£877,500

Annual Gross Rental:

Rental Yield:

Annual NET Profit:

Cash Left in the Deal:

ROI (Return On Investment):

£58,000

6.59%

£33,100

£150,000

22.1%

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More information about the project including the financial breakdowns and regular video updates during the development phase with full explanation of the progression can be found here.

PROPOSED ELEVATIONS

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Below are the photos from before, during and after the development. Please click or hover on each photo to read the description and find out more about the project and changes were done.

BEFORE DEVELOPMENT

DURING DEVELOPMENT

More information about the project including the financial breakdowns and regular video updates during the development phase with full explanation of the progression can be found here.

AFTER DEVELOPMENT

More information about the project including the financial breakdowns and regular video updates during the development phase with full explanation of the progression can be found here.

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