Latest Valuation
£750,000
ROCE
%
Location
London

Spacious 4 Bed Terraced House with Multiple Profitable Options

There are 3 fantastic options for this property which will all generate a healthy ROI once work has been completed. This property is ideal for a project with the potential of £275k to £350k profit.
Guide Price
£750,000

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Key Features

  • £275k to £350k potential profit
  • Sought after location in North London
  • Close to amenities

The Property

This is a unique spacious 4 bed terraced house with multiple profitable options.

Large spacious 4 bedroom terraced house in sought after location.

Ground floor:
Lounge
Reception room
WC (with shower)
Dining room
Kitchen

1st floor:
4 bedrooms
Bathroom
Kitchen

This property also has a garden.

Please see attached floor plans.

Selling Office: Manchester Central

Planning Information

N/A

The Plan

Option 1:

Separate the 2 floors and create 2 luxury flats
Ground floor 2 bed flat with a private garden
First floor 3 bed flat
Price of property: £750k
Est. Build cost: £80k
Est. Contingency: £20k
Est. GDV: £1.2m
Est. Total profit: £350k

Option 2:

Ground floor 2 bed flat with a private garden
First floor, 2 x 1 bed flats
Price of property: £750k
Est. Build cost: £180k
Est. Contingency: £20k
Est. GDV: £1.225m
Est. Total profit: £275k

Option 3:

Refurb as a single family house
Price of property: £750k
Est. Build cost: £80k
Est. Contingency: £20k
Est. GDV: £1.2m
Est. Total profit: £350k

The Financials:

Purchase price: £750,000
Sourcing fee: £18,750

The Location

Located in the sought after Harringay, North London. Excellent transport links and close to all the essential amenities.

Average estimated value for a house in N8 0BA

£

Excellent deal with plenty of profit once transformation/restoration is complete. For a builder/developer, this opportunity will generate higher return that stated as these figures were based on quotes from people in the trade.

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