Project
Bennerley sw11
Luxury Victorian 3 Bed Maisonette: London
Completed 2019
Project Summary
One bed to three bed luxury London maisonette
This project completed in 2019 and involved converting a poorly laid out, tired one bedroom Victorian terrace flat into a luxury three bed co-living space for professional tenants. Purchased at auction for £494,000 we spent £80,000 on refurbishing the property (including finance and legal costs). With a revaluation of £750,000 we were able to refinance leaving £11,500 in the deal with a ROCLI (return on capital left in) of 84%.
quALITY Design & FINISH
Situated in a prime location, the combination of high-spec modern fixtures, mixed with the traditional period features, gives this property the ‘wow’ factor. The installation of underfloor heating, multi-room ceiling speakers and LED feature lights have all helped contribute to attracting reliable professional tenants, maximising rent, minimising rental voids and ensuring the best return on investment.
fundamentals
rental demand
capital growth
Before and after
the works
How we added value...
– Back to brick
– Reconfigured layout one bed to three bed
– Open plan communal area created
– New electrics and under floor heating system
– Upgraded windows and doors
– Ceiling speakers in each room
– Decorated to high standard throughout
– Externally render repaired and redecorated
